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PRICING EMPLOYEE STOCK OPTION USING TRINOMIAL TREE METHOD Lesmana, Donny Citra; Ramadhan, Reza Tri Ahmad; Nurjanah, Siti; Dharmawan, Vanaya Syahira
BAREKENG: Jurnal Ilmu Matematika dan Terapan Vol 19 No 2 (2025): BAREKENG: Journal of Mathematics and Its Application
Publisher : PATTIMURA UNIVERSITY

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30598/barekengvol19iss2pp709-720

Abstract

This study explores the Employee Stock Option (ESO) model proposed by Liao and Lyuu, which provides a robust framework for addressing critical factors such as dilution, early exercise, and employee forfeiture rates. The model is solved using the trinomial tree method, allowing for the consideration of three possible stock price movements: increase, unchanged, or decrease. This approach combines forward and backward calculations to accurately evaluate ESO values by accounting for the complex interactions of these parameters. Dilution effects are modeled by adjusting stock prices based on outstanding shares and strike prices, while early exercise probabilities are addressed using a modified Chi-Square distribution to represent employee behavior. Additionally, the forfeiture rate is dynamically adjusted based on ESO returns and the ratio of stock-to-strike prices. The analysis reveals that ESO price negatively correlates with strike price and forfeiture rate, whereas parameters such as vesting time, maturity date, risk-free rate, volatility, and the number of ESOs granted exhibit positive correlations. This comprehensive methodology demonstrates the practical applicability of the Liao and Lyuu model for real-world ESO valuation. By integrating these critical factors into a unified framework, the study contributes significantly to the literature on financial modeling and provides actionable insights for companies seeking to optimize their ESO programs.
Evaluasi Sistem Manajemen Persediaan untuk Mencegah Stockout Dan Mencapai Kepuasan Pelanggan (Studi Kasus Industri Distribusi Listrik) Pratiwi, Kuniarti; Nurjanah, Siti
KALBISOCIO Jurnal Bisnis dan Komunikasi Vol. 12 No. 1 (2025): KALBISOCIO Jurnal Bisnis dan Komunikasi
Publisher : Research and Community Service UNIVERSITAS KALBIS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53008/kalbisocio.v12i1.4526

Abstract

Inventory management plays a vital role in ensuring product availability and customer satisfaction, particularly in the electrical distribution industry, where demand tends to be dynamic. This study aims to evaluate the effectiveness of inventory management systems at PT XYZ, which has implemented an ERP system integrated with e-Kanban, yet still faces challenges in fulfilling customer demand on time. A key issue identified is the high rate of delivery delays, reaching 61%, primarily caused by manual buffer stock management and inconsistent forecasting accuracy. The analysis methods employed include the calculation of Economic Order Quantity (EOQ), Safety Stock (SS), Reorder Point (ROP), and Mean Absolute Percentage Error (MAPE) to measure forecasting accuracy. The results show that EOQ ranges from 102 to 207 units per order, with significant potential for reducing ordering costs. However, 62.5% of products have actual Safety Stock below optimal levels, increasing the risk of stockouts. The current ROP has not effectively triggered timely reorder due to a lack of consideration for weekly demand fluctuations. The average MAPE value of 14.19% indicates sufficient forecast accuracy, though several products exceed 30%, reflecting notable discrepancies between forecasted and actual demand. In conclusion, the current inventory system at PT XYZ requires improvement, especially in the adjustment of SS and ROP based on real-time data and the automation of buffer stock management. These measures are expected to reduce the risk of stockouts, improve inventory cost efficiency, and maintain customer satisfaction.
Strategi Pengembangan Produk Baru Sel Punca: Studi Kasus di PT Bifarma Adiluhung (Regenic) Astana, Yoseph Novi; Nurjanah, Siti
STREAMING Vol. 3 No. 2 (2024): STREAMING Business Journal
Publisher : Research and Community Service UNIVERSITAS KALBIS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53008/streaming.v3i2.4527

Abstract

The development of health technology driving the development of regenerative medicine such as cell therapy faces many challenges including during clinical trials for Covid-19 patients. This research aims to analyze the stem cells’s product development concepts related to Resource-based view and Stage-gate model, including appropriate development to minimize failure, as well as analyzing development challenges. Qualitative data was obtained from literature, observation and in-depth interviews with informants from the industrial, hospital and regulatory sectors in a semi-structured pattern. Analysis using N-Vivo produced seven themes, including development concept, strategy to minimize failure, and the development’s challenges. It was found that QbD principles were followed, but trial failure still occurs resulted from the un-focus gate in the Stage-gate model perspective, less RND organizing and firm capability. Broad differentiation strategy supported by continuous innovation and costs focus are important in business sustainability to overcome challenges involving managing and organizing firm’s resources to create valuable, rare, inimitable, non-substitutable resources and capabilities.
Pengaruh Jumlah Produk Tayang, Letak Geografis dan Jumlah Penyedia terhadap Transaksi pada Platform Marketplace XYZ BKL, Dhya Dhanussie; Nurjanah, Siti
STREAMING Vol. 3 No. 2 (2024): STREAMING Business Journal
Publisher : Research and Community Service UNIVERSITAS KALBIS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53008/streaming.v3i2.4529

Abstract

This study examines the influence of the number of displayed products, geographical location, and number of providers on transactions in the Platform Marketplace XYZ. Using documentation method, data from 2020 to 2022 were analyzed in depth. The results of descriptive analysis show a growth trend in the number of displayed products, providers, and transactions on the platform. Gorontalo province emerged as the region with the highest transaction value. This research provides insights into the factors affecting e-commerce transactions in Indonesia, particularly on the Platform Marketplace XYZ, and offers valuable insights for the development of more effective marketing strategies. It is hoped that the findings of this study can serve as a reference for other researchers in the field of e-commerce.
Pengaruh Kualitas Layanan Citra Merek terhadap Loyalitas Pelanggan melalui Kepuasan Pelanggan di Nagadigit Hirawan, Evelyna Septiani; Nurjanah, Siti
STREAMING Vol. 3 No. 2 (2024): STREAMING Business Journal
Publisher : Research and Community Service UNIVERSITAS KALBIS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53008/streaming.v3i2.4530

Abstract

This study aims to identify the effect of service quality & brand image on customer loyalty through Nagadigit customer satisfaction. This study uses a quantitative method using SPSS. This research technique uses survey research techniques with online questionnaire distribution data collection methods. The sampling technique used was the Slovin technique with 94 respondents. This study uses validity, reliability, classical assumptions and hypotheses. In the hypothesis test, the results of the path analysis test conducted show that the effect of service quality (X1) and brand image (X2) on customer loyalty (Z) through customer satisfaction (Y) has a smaller coefficient when compared to the effect of service quality (X1) and brand image (X2) on customer loyalty (Z) directly, so that customer satisfaction (Y) cannot be an intervening variable between service quality (X1) and brand image (X2) on customer loyalty (Z).
Usulan Strategi Peningkatan Aspek Aksesbilitas Guna Mempermudah Proses Interview Dengan Pelamar Disabilitas Tunarungu Pangestu, L Mutiara C; Nurjanah, Siti
STREAMING Vol. 4 No. 1 (2025): STREAMING Business Journal
Publisher : Research and Community Service UNIVERSITAS KALBIS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53008/streaming.v4i1.4536

Abstract

Currently, many companies do not know about the Deaf disability and do not understand how to implement recruitment procedure for Deaf workers. Because it is difficult to get work everywhere and because of the lack of knowledge regarding the recruitment process for works with disabilities. The aim of this research is to improve strategies for improving accessibility aspects to facilitate the interview process with Deaf applicants. This research was carried out using the Nvivo application using a qualitative approach to interview transcript data so that the results could be known after carrying out interviews with six people. However, the findings concluded that various companies did not provide knowledge or awareness of Deaf disabilities, so they did not seek information about people with disabilities, including Deaf disabilities, which made the interview process with Deaf candidates less smooth.
Pengaruh Digital Marketing Dan Customer Experience Terhadap Keputusan Orang Tua Memilih Sekolah XYZ Wahyudi, Antonius Andhika; Nurjanah, Siti
STREAMING Vol. 4 No. 1 (2025): STREAMING Business Journal
Publisher : Research and Community Service UNIVERSITAS KALBIS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53008/streaming.v4i1.4537

Abstract

Intense competition among schools during the enrollment period for new students is experienced by XYZ School, specifically SMP Katolik within the XYZ Association located in Koja, North Jakarta. This competition is evidenced by the trend of new student registrations towards the end of the enrollment period. It compels XYZ School to increase the number of new student admissions through the influence of Digital marketing and Customer experience, aiming to stimulate parents' interest in decision-making. The objective of this research is to analyze the impact of Digital marketing and Customer experience on influencing parents' interest in decision-making. The study population comprises 318 student’s parents. This research is quantitative, employing inferential statistical analysis and descriptive statistics. The results indicate that Digital marketing does not have a significant influence on parents' interest in registering their children at SMP XYZ, with direct and indirect impact values of 0.06 and 0.03, respectively. Conversely, Customer experience significantly influences parents' interest in deciding to enroll their children at SMP XYZ, with direct and indirect impacts of 0.33 and 0.57, respectively. Therefore, the school can establish a dedicated digital marketing division with research and development teams on creating compelling enrollment content.
Variabel Yang Mempengaruhi Penggunaan Bank Digital Melalui Behavioral Intention Widjaja, Kevin; Nurjanah, Siti
STREAMING Vol. 4 No. 1 (2025): STREAMING Business Journal
Publisher : Research and Community Service UNIVERSITAS KALBIS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53008/streaming.v4i1.4538

Abstract

This research aims to determine the factors that influence a person's use of Digital Banks. The indicators used in this research are Perceived Ease of Use (POEU), Performance Expectancy (PE), Facilitating Condition (FC), Behavioural Intention (BI) as an intervening variable, and Use Intention (UI). This research uses a quantitative research approach using data collection methods by filling out online questionnaires from 150 sources who have used Digital Bank. Using the SEM (Structural Equation Mode) analysis method produces a test that Performance Expectancy, Facilitating Conditions have a direct and indirect influence on Use Intention, however perceived Ease of Use does not have a direct or indirect influence by showing a value of -2.550 and -0.657 in the model analysis testing that has been carried out. This negative value shows that the Perceived Ease of Use variable does not influence using Digital Bank. In utilizing digital banking services, a person's habits can be directly and significantly influenced by performance expectations.
Variabel Determinan Terhadap Use Behaviour Shopee Paylater Pada Kalangan Gen Z Dimoderasi Dengan Jenis Kelamin Christian, Ryan; Nurjanah, Siti
STREAMING Vol. 4 No. 1 (2025): STREAMING Business Journal
Publisher : Research and Community Service UNIVERSITAS KALBIS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53008/streaming.v4i1.4539

Abstract

The era of digitalization has significantly transformed consumer shopping behavior, with digital financial technology emerging as the fastest-growing digital service sector in Indonesia. One of the most rapidly expanding services within this sector is the paylater service, which allows for deferred payment to be settled at a future date. This research investigates the factors influencing the adoption and use behavior of one of the largest paylater services in Indoneisa, Shopee Paylater among Generation Z, using the Extended Unified Theory of Acceptance and Use of Technology (UTAUT) model as the foundation of this reserach. This study identifies key factors such as hedonic motivation, facilitating conditions, behavioral intention, and use behavior, with gender as a moderating variable. The objective is to provide insights into Gen Z consumers' behavior in adopting Shopee Paylater, aiding service providers in understanding, adjusting, and optimizing their products towards this demographic.
THE RELATIONSHIP BETWEEN BODY IMAGE AND SELF-ACCEPTANCE IN PATIENTS UNDERGOING HEMODIALYSIS Wijayanti, Lono; Wulan Anggraini, Mitha; Nurjanah, Siti; Umamah, Faridah
Nurse and Holistic Care Vol. 4 No. 3 (2024): Nurse and Holistic Care
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/nhc.v4i3.7186

Abstract

Introduction: Hemodialysis is a medical procedure that often causes significant physical changes, such as weight loss, swelling, and skin changes that can affect the patient's body image. The long-term process of hemodialysis also has the potential to interfere with psychological conditions, especially patient self-acceptance. Objective: This study aims to determine the relationship between body image and self-acceptance in patients undergoing hemodialysis. Methods: This type of research is quantitative research with a cross-sectional approach. The population of this study were all patients undergoing hemodialysis at Sidoarjo Regional Hospital as many as 200 respondents. The sample size was 133 respondents selected using a simple random sampling technique. The independent variable is body image and the dependent variable is self-acceptance. The instrument of this study was a questionnaire. Analysis using the Spearman Rank test. Results: The results of this study indicate that 54.9% experience negative body image and 41.4% experience low self-acceptance. Based on the results of the analysis obtained a correlation coefficient of 0.601 which means it has a strong relationship with, p-value = 0.000. Conclusions: Patients who have a positive body image tend to show a higher level of self-acceptance of their physical condition.
Co-Authors -, Yuni Abadi, Ferryal Abdillah, Diki Muhammad Abdiyah, Lathifah Abdul Rachim Abdul Rachim Abdul Rozak Abdullah, Fuady Abdurahman Abdurrahman Abi Nisaka Abrar, Camelia Batun Aceng Jaelani, Aceng Acep Komara Achmad Fatoni Achmad, Mansyur Adhitya Sukma W Adhitya, Fajar Aditya Pratama Afandi, Septia Afriyadi, Hery Afriyandi, Reihan Afsun Aulia Nirmala Agam, Rayhan Agesti, Puja Agung Setyo Sasongko Agus Hermanto Agus Wibowo Agustina, Natasha Ahmad Taufik Ajid Thohir Akbar, Tiara Arayni Akhmad Tarigan, Budi Akhyati, Najikha Akramunnas, Bastul Wajhi Al Arif, Muhammad Al Asadi, ⁠Iradillah Al-Aisyi, Azkia Fajri Al-Fikri, Muchsin Alawiyah, Rufaida Ashiela Safira Alqusni , Toriq ALVIKA HENING PERWITA, ALVIKA HENING Alwi, Subhi Amalia Hazrah, Anisa Amalia Nasution, Isra Amalia, Hani Amalia, Neng Suci Aminuyati Amryna, Nazila Anak Agung Istri Sri Wiadnyani Ananda, Zihan Andari Andari, Andari Andhini, Putri Andini Hardiningrum Andy Suryadi Anggraini, Yulia Ani Nur Aeni, Ani Nur Aniasari, Yuri Aninditya Sri Nugraheni Anjani, Devi Ayu Annisa Mulia Anasis Annisa Yulistia Anugrah, Renty Anwar, Muhammad Saidun Apri Wahyudi Aprilia, Rika Apriliani, Afmi Apriliyani, Neng Virly Apriyana, Nurliya Arhustia, Hesti Dina Ari Wibowo Arie Norman Riandi Ariezta, Nabilla Apriliani Arifin, Hidayat Ario Sumbogo, Ignatius Armila, Raihana Sekar Arnando, Sepri Arriza, Lovieanta Arsyad, Padma Rizki Dwi Arieanti Arya Wirayuda, Muhamad Aryastuti, Nurul Asde Rahmawati Ashfiya, Raudhatul Asroriah, Fatimatul Assyfa, Warika Nur Astana, Yoseph Novi Astiti, Niken Yuni ATI SUMIATI, ATI Atun Wardatun Aulia, Aulia Novitasari Aulia, Rizky Muhammad Auliyah, Izzatul Awaluddin Tjalla Ayuningsih, Rieska Rahayu Ayuningsih, Risna Azahro, Chairunissa Azharudin, Azharudin Azmi, Wildan Azzahra, Nur Aulia Azzahra, Sarah Khaerunisa B.W, Sri Herwindya Baehaqi Bahtiar Afwan Baidha, Nur Bakhrudin All Habsy, Bakhrudin All Bambang Harmanto, Bambang Basir, Mochamad Abdul Basuki Toto Rahmanto Bayu Seno A.N Bedi, Fisman Bella, Tiara Rizkika Berliana, Evatia Bermi, Wibawati Bestina Nindy Virgiani Binar Asrining Dhiani BKL, Dhya Dhanussie Budi Anna Keliat Budi Prasetyo Budiharjo, Muhammad Endra Bunyamin, Mahmudin Bustanussalam Bustanussalam Butar Butar, Mikha Elsa C Hanny Wijaya C. C. Nurwitri Cahya, Nafisha Kania Camila, Ananda Cahya Candra Dewi Candra, Iga Ayu Intan Carrolin, Debby Catur Retno Lestari Christian, Ryan Condro Nur Alim Dadang Darmawan Dahlia Damayanthi, Lirry Raihan Darma Wijaya Darmawan, Arry Darnis, Rahmi Dea, Leli Fertiliana Dede Riswandi Desi Setiyadi Destilawati, Sekar Destini, Frida Devi Indrawati, Nuke Deviyanti Pangestu Dewi Purboningsih Dewi Puspitaningrum Dewi Ratna Nurhayati Dewi Ratnasari Astuti Dewi Yuliana Dewi, Dinitry Kusuma Dhani, Dhea Rahma Dharmawan, Vanaya Syahira Dian Kusumawati Dian Nintyasari Mustika Dian Yunita Sari, Dian Yunita Diani Aliansy Dida, Eki Naidania Didin Hikmah Perkasa Dila Marta Putri Dina Aprilia, Dina Donant Alananto Iskandar, Donant Alananto Donny Citra Lesmana Dwi Mayangsari Dwi Ratnasari Dwi Solviana, Meita Dwi, Oktafiyanti Ayu Dwito Purnomo Dyah Koesoemawardani Dyah Wulandari Dzihab Aminudin, Muhammad Edi Istiyono EDITYA, SYAFINA NADJA Efriliana Eka Pustika Dewi, Restu Ayu Ekayanti, Retno Diah Putri Elfrida Ratnawati Elia Yuswita Emilda, Yufa ENDAH NESTITI URIP RAHAYU Endah Wulantina, Endah Endang Fauziati Endang Pitaloka Endang Sri Rahayu, Endang Enggal Mursalin Eny Ariyanto, Eny Erinda Nur Pratiwi, Erinda Nur Eris Septiana ERLINA Erna Puspasari Ervina Ervina ESTU RETNANINGTYAS N Eti Hadiati Eva Marliana, Eva Evi Gusliana Fadhila, Nurma Fadhilah Khairani, Fadhilah Fadhilaturrahmi Fadhilaturrahmi Fadiah, Elyana Fahira, Putri Alya Fahrizal Fahrizal Faizah Faizah Faizal, Hanim Faizin, Mu'adil Fakhrunnisa, Syarah falentino sembiring Faridah Umamah Fatin Hamamah, Fatin Fatriani, Rizka Fauzan, Alfa Fauzan, Muhammad Ikhwan Fauzi Ismail Fauzia Nurul Izzati Fauziah, Ilma Nur Fauziyyah, Sabrina Fauzy Rachman Fazriyyah, Yuni Fuji Febrian, Panca Ali Febrianti, Nisa Febriyanti, Intan Salsabila Feri Kusnandar Ferliadi, Agus Salim Ferliandi, Agus Salim Ferry Dwi Cahyadi Fibra Nurainy Fiki Prayogi Firdaus, Rifqi Galan Firdaus, Wihda Yanuar Fitri, Gabriel Dwi Fitri, Tin Amalia Fitriani Nur Damayanti Fitrianingtyas, Erissa Fitriyah, Aini Frank Aligarh Fuad, Hilmi Fujianti, Aini Furqoni, Prima Dian Gatiningsih Gatiningsih Gea, Joanito Ghiyats, Muhammad Fatin Gita, Sophia Ekaristi Dharma Goutama, Eztro H Herlitah, H Habibi, Mohamad Ramadan Hadiani, Dian Haeri, Shahla Hafizhah, Hafizhah Hakiky, Nur Halim, Ilim Abdul Hamdan Tri Atmaja Hamdani Hamdani Hamid, Tb. Abdul Hamidah . Harefa, Berkat Selamat Harissa, Nola Harits Rifqi Muhanda Harjadi, Dikdik Harjum Muharam Harliana Harliana Hartanti, Marita Nurul Dewi Hartati Hartati Hartiningrum, Frida Hasanah, Tita Haya, Aqilla Fadia Hendra Setiawan Hendriawan, Yudi Hendriyanto Hendriyanto Herlina, Lestiana Herlitah Hermawan, Aris Hermawan, Dessy Herni Susanti Heryani Hidaayah, Nur Hidayasari, Nur Wafa Hidayatullah, Muhammad Nazif Hirawan, Evelyna Septiani Hufairoh, Diana Hulu, Hepi Kharisda Hussani I Ketut R. Sudiarditha I Ketut Suada I MADE ARTIKA Ibrahim, Azrin Ibrahim, Restu Maulana Ichsandra, Aulia Iffatin Nur Ignatius Ario Sumbogo, Ignatius Ario Iis Intan Widiyowati Ika Silvitasari Ika Suhartanti Darmo Ika, Ajeng Ilahi, Fadilah Ilma, Risca Zaqia Ilma, Risca Zaqia Imam Muhtarom Imran M. Indah Lestari, Indah Indar Widowati Indarwati Indarwati Indiyah, Fariani Hermin Indrawati, Nuke Indriani, Wiwik Intan Karlina Irawan, Erdy Irfai Alfian Mubaidilla Irmawati, Novi Dwi Iskandar , Rhoma Ismi Faradila, Ismi ISTIANAH Iswari, Dinda Citra Izati, Wilrahmi Izzatika, Amrina Jakia, Nikmatu Joko Hermanianto Joko Sutrisno Julianti, Nurul Dewi Junaidah Junita Dwi Wardhani Junnaidah Juwanda, Juwanda Kamal, Saefudin Kamariyah, Nurul Kartiwa, Tasya Oktaviani Katarina Maharani Khairunnisa, Rosyidah Khamdanah, Suci Khamida, Khamida Khasanah, Uswatul Khoiri, Ikhsan KHOIRUNNISA Khotimah Herliana Khudazi Aulawi Kristanti, Monica Yuli Kristanto, Aty Lestari Kristiana, Mita Kristiani, Sepia Putri Kumalasary, Diyanah Kumalasary Kurnati, Nana KURNIA KURNIA, KURNIA Kurnia Putri, Amanda Rizkita Kusmiyati Kusmiyati Kusniati, Rina Kusumaningrum, Asih LAKSMI AMBARSARI Larasati, Nike Lathiefah Rabbaniyah Lelah, Lelah Leli Triana Lendrawati Lendrawati, Lendrawati Leny Suryaning Astutik Lestari, Kameswari Sri Lestari, Marselli Widya Lestari, Tri Yuli Lia Mulyanti Lilah, Hotibaini Maulidia Ika Lilis Nuraida Lingga Yuliana Lolita Sary Lubis, Nabilah Fitri Lutfitasari, Ariyani M Afrilianto, M M Ikhsan M. Hidayanto M. Rahmad M. Yasin Al Arif Ma'aruf, Zuhdi Mabrur AH, Safwan Magasida, Diani Maggy T. Suhartono Mahara, Fenny Amilia Maharani, Keysha Riwa Maharani, Uke Mahardika, Abhista Narra Mahdalena Anwar Anwar Mahmud, Muhammad Naim Makmun Mardi Hartono Maria Ulfah Kurnia Dewi Maritsa, Zahrina Rafa Martaputri, Nurul Aulia Martyana Putri, Alifa Jelita Marzius Insani, Marzius Masagus Firdaus, Masagus Masbukhin, Faizal Akhmad Adi Mases, Yulius Masir, Rizkya A. Masteria Yunovilsa Putra Mauly Halwat Hikmat Mayasari, Citra Unik Melati, Rahadina Praba Melinda, Tiara Citra Melisa Melisa Merina, Heriska Mery Sukmiwati Meti Indrowati Miftahul Jannah Miftakhul Janah Mila Sartika, Mila Milano, Rafi Yusuf Millatuddiiniyyah, Millatuddiiniyyah Mochamad Arief Firman Nurdin Mochammad Anwar, Mochammad Moh Projo Angkasa, Moh Projo Moh Yudi Mahadianto Mohammad Fatkhul Mubin, Mohammad Fatkhul Monica Sintawati Mubiar Agustin Much Deiniatur, Much Mufarizuddin Mufaro’ah, Mufaro’ah Muhammad Afif MUHAMMAD ALI Muhammad Anasrulloh Muhammad Fahrizal Setiawan Muhammad Japar Muhammad Luthfi Muhammad Yusuf Muhani, Nova Mujiaty, Yulia Mukarromah, Niswatul Mulia Anasis, Annisa Mulyadi Mulyadi Mulyana, Aep Maulid Mulyani, Yuli Wahyu Tri Munir Nur Komarudin Munir, Ubaidilah Muslima Muslima, Muslima Musraini M Mustakim, Yasin Mustiah Yulistiani Mutaqin, Fatih Muttaqin, Muhammad Fauzan muzaenah, tina Mwakapemba, James Leonard N Ira Sari Nabila, Citra Nadhifah, Nadhifah Nafiudin Nanda, Ahmad Krisna Nanda, Riska Dwi Nasem, Nasem Nasihun Amin Nasikhin, Nasikhin Nasirly, Riri - Nasrul Hakim Nazwasyawinka, Keyla Neneng Kurwiyah Neti Hernawati Ngizzah, Nailul Ni Gusti Ayu Made Widyatari Asthiti Nikensari , Sri Indah Nila, Nila Nintyasari Mustika, Dian Nofianty, Nofianty Noli Novidahlia Noor Diani Nopianti, Rina Nopiyansyah Novayanti, Deasy Novieyanti, Armelya Novita Nining Anggraini Novita Rahmawati, Novita Novita Sari Novitasari, Ardianti Novitasari, Dhini Wahyuni Novitry, Jundy Nur Ainiyah Nur Fitriana Nur Wulandari Nuraeni, Nunu Nurafifah, Lutfia Nurani Putri Setya Pratiwi Nurbaiti Nurbaiti, Dewi Nurfadila, Himmatin Nurfaedah Nurfaedah, Nurfaedah Nurhalisha, Tiara Nurhaswinda Nurhidayah, Ade Nurjanah, Siti Resa Nurjannah, Noviyanti Nurjulika, Siti Nurkristianingrum, Nida Nurmasari, Ifa Nurpratiwi, Ela Dwi Nurrohmah, Endah Nursalam Nursalam Nurwahidin, Muhammad Nurwijayanti Nurwitri, Caecillia Chrismi Palupi, Nurheni Sri Pambudi, Januar Eky Pambudi, Muhammad Setyo Pandu Haryo Wibowo Pangala, Fadhir Pangestu, L Mutiara C Partomuan Simanjuntak Paulina, Paula Penyami, Yuniske Permatasari, Winda Pertiwi, Sari Putri Pertiwi, Zulhana Pradana, Deni Bagas Pramono, Irma Yulia Prasetyo Adi Nugroho Pratiwi, Kuniarti Prawira, Nuronia Salsabila Pristianti, Nurma Puji Lestari, Sri Maria Purnama, Ivan Fadilah Putra purnomo, arie Purwandira, Lina Purwanti, Ni Wayan Desi Purwariyanto, Gracia Renata Veto Puspa Mega Hayati Puspita, Alda Puspita, Della Arum Putra Azharin, Barrin Putra, Agung Dian Putri, Alvianita Mulya Putri, Melani Yana Putri, Narendra Istia Putri, Rahmadaniar Aditya Qonitatin Wafiyah Qonitatin Wafiyah R. Panji Hermoyo Rabbani, Muhamad Alan Rachmah, Ratu Aulia Rachman, Budi Raditya Ahmad Rifandi Rahma, Aulia Rahmadi, Dwi Joko Rahman, Mohammad Taufiq Rahmawati, Apriliana Rahmawati, Siti Irma Rahmawati, Tanti Ramadhan, Fridhio Ramadhan, Reza Tri Ahmad Ramadhani, Shaufi Ramadhina, Yuqa Putri Rara Nabila Najib RARAS IKA YULIANTI Rashid, Salman Ratih Dewanti -Hariyadi Ratih Paramastuti Ratna Kusumawardani, Ratna Ratna Sari Ratni Purwasih, Ratni Rd. Tuty Sariwulan Rendra Gumilar, Rendra Resputri, Fibra Resti Yektyastuti, Resti Retno Wulandari Revina Rizqiyani, Revina Riadini Wahyu Utami, Riadini Wahyu Riani, Puput Riastuti, Ayu Rida Prihatni Ridwan, Heri Rifqi Muntaqo, Rifqi Rika Perdana, Dayu Riki Gana Suyatna Rina Anggraeni, Rina Ristia Rinanti Rita Kartika Sari Rizal Fandy Laksono Rizki Ramadhan Rochmad Rochmad Rohimat, Shofa Farhah Tanzilah Ramadhani Rohman, M. Mukhibbur Rokiban, Akhmad Romadhani, Sucitra Anugerah Romadhina, Anggun Putri Rosadi, Margita Mutiara Rosyad, Rifki Rosyidah, Yuni Rahmawati Roy Haris Oktabian Rudi Santoso, Rudi Rumyeni, Rumyeni Rusdial Marta Rusny Istiqomah Sujono Rustono - S Suratno S. Suharto Sabarani, Lusiana Cici Sadiah, Ati Sadiah, Nurhalimatul Sahdana, Larasati Wildan Sajdah, Siti Nurul Sajili , Mohamad Sakina, Ibriza Quluba Salsabilla, Intan Salsabilla, Naila Rahmah Salsabillah, Adityas Sabrina Samira, Khairina Fina Sandra Pebrianti Saniyya Putri Hendrayana Sanjaya, Brata Sanjaya, Stephen Saparuddin Mukhtar Saptono, Ari Sarah Fathia Saraswati, Fitrah Annisa Sari, Astuti Ratna Sari, Ferlina Sari, Leha Putri Kurnia Sari, Ratna Nurmalita Sari, Ratna Yunita Sarjito - Sarmidi Sarmidi Satrio , Hendri Budi Sentosa, Ilham Septia, Elda Apri Septianingrum, Yurike Septiawardani, Rani Septiwantari, Rani Septiyani, Thalita Noor Seran, D'aquinaldo Stefanus Fani Seran, D’aquinaldo Stefanus Fani SFD Arie Wibowo Shalita, Alika Widya Shifa, Adelin Audya Shofianti, Sherly Sholeha, Raudatul Amalia Sholihin Sholihin Sianturi, Yolansari Sigit Purwonugroho Sihar Tambun Simangungsong, Fernandes Sintia, Rina Siradjudin, Azmi Siregar, Septi Lastri Siska Mega Diana Siswadi Siswadi Siswahyudianto Siti Aisyah Siti Nurhalimah Siti Nurjannah Siti Zubaidah Siti Zulaikha Sitio, Ricky Sivitha, Sivitha Slamet Budi Prayitno Slamet Suyanto Slamet Widodo Slametiningsih Slametiningsih, Slametiningsih Soleha, Umdatus Sophia Ekaristi Dharma Gita Sowiyah Sowiyah Sri Estuningsih Sri Herwindya, Sri Sri Hidayati Sri Indah Nikensari Sri Madiarti Sipayung Sri Rahayu Lestari Sri Suparti Sri Yudawati Cahyarini Srifariyati Suardi, Izzul Kiram Sugiarto, Anto Tri Suharso Suharso Sukmawati, Rina Sulastri, S. Sulifah Aprilya Sultan, Jumriani Sunarto Sunarto Supahar, Supahar Suparjo Suparjo Suparjo Suparno Suparno Suparno Suprayogi, Wahyu Supriyadi, Tedi Surono, Yudi Surya Perdana, Ricky SUSAN FEBRIANTINA, SUSAN Susanti, Laila Susanti, Yossie Eka Putri Susmawan, Susmawan Sutama Sutrimo, Moh Slamet Syagata, Anindhita Syahbi Syahrul R, Syahrul Syahrum Agung Syamsikar, Syamsikar Syamsul Muqorrobin, Syamsul Syarifuddin Dahlan TATI NURHAYATI Taufiqul Hakim, Muhammad Naufal Tiara Aninditha Tiara, Andani Tirsardewi, Sartika Tisnasari, Sundawati Titi Maemunaty, Titi TJAHJADI PURWOKO Trigani, Ida Tusriah, Ika Tusy Triwahyuni Tutuk Ningsih Ufi Saraswati, Ufi Ulfiyanti, Ulfiyanti Ulyasari, Nur Umah, Nurul Umam, Ihza Ihtimamul Umayah Umayah, Umayah Umi Hanik Umurohmi, Ulfah Uswatun Hasanah Utami, Lies Utami, Rismayanti Warinda Utari, Elitha Martharina Utomo, Deddy Vanessa Len Cahya Agustine Vernanda, Chelsea Ledyfia Viola, Ela W. H, Maria Agatha Sri Wahyu Abdul Jafar Wahyu Tri Mulyani, Yuli Wahyudi, Antonius Andhika Wahyudi, Triyono Arief Wajhi Akramunnas, Bastul Wardani, Erika Martining Wardhani, Suryaningtiyas Puspa Widiati Purnawita Widiawati, Sulis Widihastuti Widjaja, Kevin Widodo, Subur Wijaya, Steven Natanael Wijayanti, Lono Wijayanti, W Wildad, Ipa Wildan Wildan Wildan Willy, Willy Winarningsih, Wiwik Winarto, Tri Winiati P. Rahayu Winiati P. Rahayu Winiati P. Rahayu Winiati P. Rahayu Winiati Pudji Rahayu Winiati Puji Rahayu Winiati Puji Rahayu Winni Astuti, Winni Wiranata, Rendi Wishnu Kurniawan, Wishnu Wulan Anggraini, Mitha Wulan, Tuty Sari Yarno, Yarno Yasir Sidiq Yatri Hapsari Yenita Roza Yoga Fernando Rizqi Yogi Sugiarto Maulana Yohan, Richi Yossita F. Yudha Patria, Riza Yulia Kurniaty Yuliana Noor Setiawati Ulvie YULIANTI, RARAS IKA Yuniarti Yuniarti Yunitri, Ninik Zafrullah, Zafrullah Zahra, Siti Fatimah Zahra, Syifa Priscilla Zahro, Ifat Fatimah Zahroh, Chilyatis Zahroh, Chilyatiz Zainuri Zainuri, Zainuri Zakiah Wulandari Zanthy, Luvy Sylviana Zuhraini Zulaecha, Hesty Ervianni Zulaela Zulaela, Zulaela