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An Investment Analysis on Business Strategy Simulation to improve Bio Ethanol Price Competitiveness using Simple Multi Single Step Reactor Cellulose Ethanol Setiawan, Achmad; Siahaan, Uke
The Indonesian Journal of Business Administration Vol 3, No 3 (2014)
Publisher : The Indonesian Journal of Business Administration

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Abstract. As the main fuel source became depleted, studying or evaluating on alternative fuel source became more serious.  Ethanol as one of this alternative fuel becomes ever more feasible. PT. Pupuk Kujang smell this opportunity, by using government initiative they tried developing starch technology in Cikumpay - Purwakarta.  Bearing sad tiding the starch technology had it inherit drawback one of them are Food or Fuel dilemma. This problem can be adverted by optimizing ethanol business through cellulose bio ethanol which relied on waste bio mass instead of food source.  This cellulose technology still poses its own drawback which is production inefficiency, since the bio mass to ethanol conversion rate are lower than starch it required huge amount of bio mass.  Down scaling the plant to a manageable level, and creating higher probability of successful conversion through plant and bio reactor portfolio, cellulose technology can be brought to a more optimal production level thus opening new windows of opportunity. Further plant operation management optimization can be achieved, through changing energy source from full bio mass to solar energy.  Plotting the plant location within market place can be done through splitting the distillation process from bio reactor process. This also creates more effective transportation since one way trip is possible from the market place to distillation complex.  Lowering grade produce within the reactor also increase safety and further ease plan operation. Through the right strategic approach, and acting as PT. Pupuk Kujang SBU as waste bio mass and ethanol provider, this project could be executed in field operation, without worrying of this plant inherit flaw.  Through financial analysis this project passes for great investing prospect with ROI at 186% and IRR at 32%.  Sensitivity test also prove that investor should be more focus on productivity than environment aspect since only 20% impairment of productivity can bring this plant to a loss condition.
Investment on Green Building as Strategy to Improve Company Value , Case Study of PT. Pembangunan Perumahan Prabowo, Andek; Siahaan, Uke
The Indonesian Journal of Business Administration Vol 4, No 3 (2015)
Publisher : The Indonesian Journal of Business Administration

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Abstract.PT. Pembangunan Perumahan is one of the many state-owned enterprises engaged in green building construction, where PT. Pembangunan Perumahan hoped to become a contractor who dominates this market. However, green building suffered some significant constraints especially with the idea that green building requires greater costs. This final projectcompares comparison between green building with conventional building especially in the calculation of the financial benefit for both the company and the clients, andthen formulate the company's strategy to increase the company's profitability and value PT. Pembangunan Perumahan.This study starts by assessing the business issue using external and internal analyses to find the root of problems. From there, it is found that the Red Ocean of construction industry makes PT. Pembangunan Perumahan has to make differentiation from others by becoming the company that leads the green building construction industry. However, the green building construction has higher initial investment and is not common in Indonesia. Therefore, PT. Pembangunan Perumahan is facing the condition that requires it to have competitive offering to clients from the green building construction. The competitive offering should have financial benefit, and also PT. Pembangunan Perumahan should know the benefit of green building for the company itself.This study then compares the green building and conventional buildings. From forecasting the projects, it is found that financially, focusing on green building gives higher value stock of the company, which is Rp 2,000 per share, compare to conventional one at Rp 1,500 per share. Moreover, it is also found that green building is more cost-efficiency for the customers in long term. Aside from the financial advantages, many other factors are more supportive of green building, including factors, technological and social environment. With the advantages provided by a green building, it is advisable that PT. Pembangunan Perumahan to be more focus on green building construction as stated in the strategy of achievement. This achievement strategy would bring PT. Pembangunan Perumahan to become a market leader within the next 10 years, furthermore PT. Pembangunan Perumahan should push government to make regulation to support green building. Keywords: Green Building, Construction, Investment Strategy, Finance Benefit, Valuation, Comparative Matrix, Strategy Map.  
Business Pivoting Strategy in the Mining Industry (Case Study: PT Membara Bersama Abadi, East Kalimantan, Indonesia) Darmawan, Edward; Siahaan, Uke; Maya, Sylviana
Jurnal Pendidikan Indonesia Vol. 6 No. 5 (2025): Jurnal Pendidikan Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/japendi.v6i5.7805

Abstract

PT Membara Bersama Abadi (MBA), a coal mining company in East Kalimantan, Indonesia, is facing a critical business challenge due to the impending expiration of its mining license in 2029 and increasing pressure from global energy transition trends. The company risks significant revenue loss unless it finds a sustainable business model beyond coal. This research aims to evaluate the financial feasibility and strategic viability of converting MBA’s existing coal hauling road into a commercial logistics corridor. The study employs a quantitative approach, analyzing project cash flows, Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Weighted Average Cost of Capital (WACC) using different financing models. The results indicate strong financial performance with a positive NPV ranging from IDR 37.1 to 46.2 billion and IRR exceeding 40%, ensuring payback within 1–2 years. Sensitivity analysis reveals volume risk and regulatory delays as the main threats. The study concludes that infrastructure monetization is a viable strategic pivot for PT MBA, offering long-term financial stability while aligning with Indonesia’s sustainable development goals. The findings provide a model for similar firms navigating post-mining economic uncertainty.