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Hasanuddin Economics and Business Review
Published by Universitas Hasanuddin
ISSN : 25493221     EISSN : 2549323X     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Hasanuddin Economics and Business Review (HEBR) is an international triannual open access and peer reviewed journal of economics and business. HEBR is published by Faculty of Economics and Business Hasanuddin University. The journal is published in both print and online versions.
Arjuna Subject : -
Articles 273 Documents
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Strategic Decision Making for Facility Optimisation in Indonesia’s Gunung Kemala Oil Field Using AHP Agung Wibowo; Hermawan, Pri
Hasanuddin Economics and Business Review VOLUME 9 NUMBER 3, 2026
Publisher : Faculty of Economics and Business, Hasanuddin University, Makassar, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v9i3.6572

Abstract

The focus of this research is the strategic optimisation of surface production facilities under capital and governance constraints, in Indonesia’s brownfield oil assets of Gunung Kemala (GNK), within a state-owned-enterprise (SOE) governance context. An integrated Multi Criteria Decision Making (MCDM) model is formulated, jointly involving Value-Focused Thinking (VFT) to organise policy objectives, Kepner–Tregoe (KT) Decision Analysis to filter “Must” criteria and “Want” criteria, and the Analytical Hierarchy Process (AHP) for ranking four strategic alternatives: i.e., constructing a new facility, upgrading current facilities, utlisation of idle assets and renting third-party infrastructures. The raw data was obtained through conversation, focused group discussion and expert pairwise comparison with seven experts from domain knowledge. The comparison results reveal that utilization of idle assets appears as the biggest preferred alternative (global priority weight = 0.547) and compared to greenfield & brownfield expansions. This dominance derives from the capital efficiency, faster deployment time, reduced regulatory exposure and better alignment with asset-governance constraints. This research presents an integrated VFT–KT–AHP decision framework that is designed specifically for the brownfield bottle necks in emerging-market upstream settings. It expands the traditional AHP application from technical based ranking to incorporate issues in governance feasibility and asset utilization strategies as an internal capital allocation decision logic, providing a solution model that is applicable with other SOE oriented energy systems.
Converging Paths to Resilience: Analyzing Food and Energy Security Dynamics in SULAMPUA Basri; Yusri
Hasanuddin Economics and Business Review VOLUME 9 NUMBER 3, 2026
Publisher : Faculty of Economics and Business, Hasanuddin University, Makassar, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v9i3.6640

Abstract

This study examines the convergence of food and energy security in the Sulawesi, Maluku, and Papua (SULAMPUA) region as a key element of national resilience. Using a dynamic panel model with the Generalized Method of Moments (GMM) on data from 10 provinces (2018–2023), the analysis reveals that food security is strongly supported by agricultural technology assistance, which boosts productivity despite shrinking farmland. Equitable fertilizer subsidies are also critical, while natural disasters require targeted adaptation strategies. On the energy side, declining crude oil production weakens stability, but renewable energy development offers significant potential. However, infrastructure limitations and global oil price fluctuations remain significant challenges. Policy implications underscore the need to integrate food and energy strategies, combining agricultural technology, fertilizer subsidies, and accelerating renewable energy development. Green infrastructure, including clean-energy irrigation systems, can enhance resilience while reducing carbon emissions. Strengthening disaster risk management through early warning systems and local crop diversification is also vital. Additionally, energy price-stabilization policies, such as buffer stocks and fiscal incentives for renewables, are necessary to reduce dependence on global markets. Overall, the findings underscore the importance of a multisectoral, evidence-based approach to building sustainable resilience in the SULAMPUA region.
Urbanization and Elderly Welfare: Dynamic Evidence from Indonesia Dwipatna, I Made Jyotisa Adi; Andriani, Shadry; Regina; Darwin, Dirmansyah; Sumarwadji, Hafid
Hasanuddin Economics and Business Review VOLUME 9 NUMBER 3, 2026
Publisher : Faculty of Economics and Business, Hasanuddin University, Makassar, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hebr.v9i3.6710

Abstract

This study examines the relationship between urbanization and elderly welfare in Indonesia by integrating social, economic, and demographic dimensions, addressing the widely held assumption that urban development automatically enhances the well-being of older populations. Using balanced panel data from 34 Indonesian provinces for the period 2017–2022, obtained from the Indonesian Central Bureau of Statistics and the Ministry of Health, the study employs a dynamic panel model estimated through the Generalized Method of Moments (GMM) to capture short- and long-term effects while accounting for endogeneity. The results indicate that past elderly welfare conditions do not significantly influence current welfare levels. Urbanization is found to have no statistically significant effect on elderly welfare in either the short or long term. In the short term, health facility availability, poverty levels, and the proportion of elderly individuals negatively affect elderly welfare, whereas economic well-being exerts a positive influence. In the long term, economic well-being remains a key positive determinant, while the proportion of elderly individuals continues to have a negative effect. Overall, the findings demonstrate that elderly welfare in Indonesia is shaped primarily by socioeconomic factors rather than by the pace of urbanization. The study contributes original policy-relevant insights by challenging urbanization-centered development strategies and emphasizing the importance of targeted economic empowerment and inclusive social protection systems to improve elderly welfare.

Page 28 of 28 | Total Record : 273

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