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INDONESIA
The Indonesian Journal of Business Administration
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Core Subject : Science,
The Indonesia Journal of Business Administration(IJBA) is a business journal that bridges the gap between business research and practice, evaluating and reporting on new research to help readers identify and understand significant trends in their fields. The IJBA seeks to publish papers relating to business, broadly defined. It publishes articles that address both theoretical and practical issues in the broad areas of Business Strategy and Marketing, People and Knowledge Management, Entrepreneurship and Technology Management, Decision Making and Strategic Negotiation, Operation and Performance Management, and Business Risk and Finance.Contributing academicians and researchers are encouraged to address a variety of concerns relating to all areas of business. We also encourage students to use an interdisciplinary approach to analyzing a topic, which often yields interesting and novel papers. The published articles provide valuable insight into matters of broad intellectual and practical concern to academicians and business professionals. The Journalis published three times a year: in April, July and October. The journal is mainly an outlet of MBA ITB students to publish their final project works, although it also accepts articles written by students at masters level from other institutions. A published paper is an honor that will be unambiguously beneficial for professional and academic careers, especially for those who want to attend graduate/professional schools. This means that papers written in relations to Accounting, Economics, Finance, Marketing, Management, Operations Management, Information Systems, Business Law, Corporate Ethics, and Public Policy all qualify for submission. Information on the journal format can be found in the journal's website. The number of pages must be at 10 pages. After published, the journal article will be available electronically at the journal's website. Print ISSN: 2252-3464; Online ISSN: 2252-9284
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Articles 12 Documents
Search results for , issue "Vol 3, No 11 (2014)" : 12 Documents clear
Project Analysis for Development Telkom University Dormitory as A Support Facility Putri, Dwi Kurnia; Surya, Budhi Arta
The Indonesian Journal of Business Administration Vol 3, No 11 (2014)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Abstract. World Class University is considered as a way of a Telkom University to be able compete in this globalization era. One of the supporting facilities to achieve goal of becoming the World Class University is providing the student dormitories. Dormitory can be a place for learning activities, socialize, and discuss, which is expected to increase student motivation to more achievement and beneficial to the world. Feasibility study is require to determine whether the investment is worth to executed and to convince the investors. It can be viewed from a variety of indicators such as PBP, NPV, IRR, ROI, and ROE. Next  analysis is to perform a sensitivity analysis to see the effect of changing the volatile variable (inflation, revenue, proportion of debt, labor costs, and interest rates) to financial indicators such as NPV and optimal analysis to obtain the minimum number of dormitory occupants and minimum rental price dormitory that the project still feasible. Based on the results, the construction of student dormitories investment is feasible. The feasibility analysis generates a value of PBP 2 years 4 days, NPV Rp. 35,959,231,012, IRR 52.43%, ROI 13.93%, and ROE 39.79%. Sequentially, the variables that influence the change in NPV is inflation, revenue, proportion of debt, labor costs, and interest rates. Minimum number of dormitory occupied is 82% or 1542 students and minimum rental price dormitory is Rp. 5,200,000 per year. Implementation of this dormitory building process starts from feasibility analysis, bank selection and loan process, contractor selection, and process construction includes build structures, architectural, mechanical and electrical. This dormitory construction project can be completed within 16 months. Recommendation for this project,  to increase the value of NPV, the company must have the ability to well negotiate with the investor in order to get maximum the proportion of debt, because of the cost of debt for the project is lower than the cost of equity.Keywords : Dormitory,  NPV, IRR, sensitivity, optimal
Feasibility Analysis of Argo Parahyangan Replacement Project in PT Kereta Api Indonesia (Persero) Manurung, Chaterina; Aliludin, Arson
The Indonesian Journal of Business Administration Vol 3, No 11 (2014)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Abstract. Mobility of people to travel is very high in this modern era. PT. Kereta Api Indonesia (Persero) is one of the state-owned companies that engaged in transportation and has been railway operator for Java and Sumatra region. One of the most busy and favorable route for railway passenger service is Jakarta-Bandung. Cipularang Toll that constructed in 2005 made significant impact to PT. Kereta Api Indonesia (Persero). The travel time through the corridor has been much improved for toll-road travelers than for rail travelers, so it gives impact that a major part of the railway customers have been diverted to toll-road.To improve the reliability of Argo Parahyangan train, there is a project to replace the existing train and add one train. To know the value and benefit of this project, feasibility study should be done through several analyses. The techniques that used to do investment evaluation are Payback Period, Net Present Value, Internal Rate of Return, and Profitability Index. Cash inflow and cash outflow for calculating the feasibility of project are using incremental analysis which is taking the differences between existing condition and proposed condition.From the feasibility analysis conducted, it can be concluded that Argo Parahyangan replacement project is feasible to run. It could be seen from a positive NPV, IRR exceeds the cost of capital, PI more than one, and project payback is faster than the economic life of trains. Keywords: Railway Industry, Argo Parahyangan, Incremental Analysis, Feasibility Study, Monte Carlo Simulation.

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