International Journal of Technology and Education Research
Vol. 2 No. 04 (2024): October - December, International Journal of Technology and Education Research

Risk Mitigation Strategies for Rice Marketing in Kendari City

Erin Kristina (Unknown)
Weka Gusmiarty Abdullah (Unknown)
Ilma Sarimustaqiyma Rianse (Unknown)



Article Info

Publish Date
30 Sep 2024

Abstract

This study aims to analyze price risk in rice marketing and to analyze mitigation strategies for rice price risk in Kendari City. The research area was determined purposively based on the consideration that the location is closer to where I live. Respondents consisted of 25 people. Data analysis using Fuzzy FMEA analysis. The results showed that there are five sources of price risk in rice marketing. Namely, delays in product production, market demand that occurs if market demand does not match the stock of rice produced, increases in grain prices, large stocks of products that have not been sold out and then experience rising prices due to harvest season increases and, products sold have similar competing products. This research also shows that the mitigation strategy for each source of price risk in rice marketing is routine and scheduled machine maintenance, making supplies that allow the Company to meet demand, product promotion, finding new markets, and expanding the distribution of customer service quality, and utilizing social media to interact with customers

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Journal Info

Abbrev

IJETER

Publisher

Subject

Decision Sciences, Operations Research & Management Education Languange, Linguistic, Communication & Media Other

Description

International Journal of Technology and Education Research( IJETER) is  a peer-reviewed journal which welcomes submissions involving a critical discussion of policy and practice, as well as contributions to conceptual and theoretical developments in the field. It includes articles based on ...