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The Indonesian Journal of Business Administration
Published by Institut Teknologi Bandung
ISSN : -     EISSN : -     DOI : -
Core Subject : Science,
Decision Sciences, Operations Research & Management
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 24 Documents
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Search results for , issue "Vol 9, No 3 (2020)" : 24 Documents clear
Financial Feasibility Of Waste To Food Business Model As Integrated Alternative Solution To Solve Waste Problem & Food Security
The Indonesian Journal of Business Administration Vol 9, No 3 (2020)
Publisher : The Indonesian Journal of Business Administration

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Abstract

This research examines the feasibility of Waste to Food concept program from the financial side and determines alternatives in its implementation. Waste to Food is a solution idea in handling organic waste while supporting the food security program. In the concept of this program, the people involved will be invited to separate organic waste and store it in the Black Soldier Fly maggot reactor (the product of LPIK ITB innovation). In the reactor, organic waste will be processed by maggot Black Soldier Fly (BSF) and later the maggot BSF will become a source of animal feed. In this study, selected livestock were laying hens. So, the final food product of this program is eggs. The calculation in this study was carried out within the scope of the RW scale involving 200 houses, 200 laying hens and the calculation time for 5 years.Before creating the business model and making a feasibility calculation, analysis is done first through the PESTLE & SWOT analysis method, literature studies, interviews & group discussion forums with experts and relevant stakeholders are also carried out in this study in determining considerations, assumptions and alternatives choices which are then examined. There are 4 variables that become criteria in alternative scenarios, the composition of laying hens feed from maggot BSF, eggs production, eggs prices and labour wages. For the composition of feed from maggot, this study made 3 alternatives that are 80%, 50% and 20%. For eggs production, the alternatives that chosen are 90%, 80% and 70%. For the price of eggs, the alternatives are Rp. 26.000, Rp. 23.000, and Rp. 20.000. For the labour wages, the alternatives are Rp 3.500.000, Rp 2.800.000, Rp 2.100.000.The optimistic scenario calculation shows the results of the Internal Rate Return (IRR) of 38,1 % and the Payback Period (PP) of 3 years. Calculations for moderate scenarios show IRR results of 23,62 % and PP 3 years 7 months. Calculations for the pessimistic scenario show an IRR of 18,97 % and a PP of 3 years 9 months. After calculating the financial feasibility study, the results show that the Waste to Food program is financially feasible for all scenarios and can be an alternative model that can be applied. Besides factors related to finance & business; collaboration with citizens and all stakeholders, determination of rewards for those involved, has become an important support in the successful implementation of Waste to Food. Keywords: organic waste, Black Soldier Fly Larvae, Maggot BSF, waste to food, food security, laying hens, eggs
IMPROVEMENT ON FISHING JOB PERFORMANCE ON TUBING PUMP STUCK IN HEAVY OIL OPERATION THROUGH LEAN SIX SIGMA METHODOLOGY (A Case Study in Duri Field - PT. CDI)
The Indonesian Journal of Business Administration Vol 9, No 3 (2020)
Publisher : The Indonesian Journal of Business Administration

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Abstract

PT. Calgary Duri Indonesia (PT CDI – a disguised name) is a major Oil Company in Indonesia, PT CDI manages many fields which are located in around Duri City Riau Province. Every year Completion and Drilling (C&D) conducted 2000 workover jobs and 600 of them were conducted in Duri filed. 15% of that are related with tubing pump stuck. Most of production wells in Duri field are produced using sucker road pump. Road pumps become stuck due to buried by unconsolidated sand. There are several approaches to recover this stuck tubing pump, such as pulling out with high over pull, using surface jar, and conducting fishing job technic. During 2018 PT CDI spent US$ 2 Million dollars for conducting fishing tubing pump stuck and replace it with the new tubing pump. During this execution, team was experience with big nonproductive that adding unnecessary cost to the company. Company established and assigned a team to solve the problem through Lean Six Sigma. It uses systematic framework that comprise of five steps namely DMAIC (Define, Measure, Analyze, Improve, and Control). Project team performing Forum Group Discussion (FGD) to help project team during define, measure and analyze the problem including recommended the solutions.Team conducted improvement process in 4 steps; develop fishing handbook, improve SOP for wash pipe operation, Rig Schedule improvement and Contract Improvement. This process improvement was start in May 2019 and the last improvement was began in October 2019.During improvement phase the result are showing cycle time reduction and cost reduction. Cycle time was reduced from average 3.6 days/well become 3.1 days per well. Cost was reduced from US$ 28.6K/well to be US$27/Well. This project was implemented to the rest of program RLN-07 Through strong collaboration among team including and strong support from Business Partner, the project execution performance was improved significantly. The result of deployment in 27 wells, the cycle time was improved from average 3.6 days/well to 2.8 days/well and the cost reduced from average US$ 28.6K/well became US$ 24.9K/well. The Cpk of workover drilling cycle time was improved from 0.4848 to 1.3833 and Cpk for well cost was improved from 0.5904 to 1.1986 with sigma level higher than 5.5. As the result, the project team could save cost around $ 154K and potential to safe US$1 M. Keywords: Lean Six Sigma, Fishing Job, Cycle time, Well cost, SOP
Site-Specific Traffic Management Improvement by Implementing Human Performance Analysis to Eliminate Potential Serious Injury and Fatality
The Indonesian Journal of Business Administration Vol 9, No 3 (2020)
Publisher : The Indonesian Journal of Business Administration

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Abstract

PT CVD placed the highest priority on the health and safety workforce and protection of the company's assets, communities, and the environment. Health and safety of the workforce is become a core value of PT CVD. Starting 2018, PT CVD introduced Human Performance concepts as one of many tools to eliminate Serious Injury and Fatality in operations. PT CVD believes that Human, Culture, Work systems, Equipment and Processes are bound and interacts as a system that is interrelated and influential to each other. Human Performance is a field of study related to process improvement methodologies which focus on improving performance at societal, organizational, process and individual performer levels to improve work productivity and efficiency which is based on developing systematic systems. Currently PT CVD manages more than 50 remediation sites and deals with more than 500 heavy equipment and heavy vehicle managed by business partners. PT CVD requires each active work site to design, develop, manage and also communicate a safe driving environment by implementing Site-Specific Traffic Management Plan to support the operation safely. However, we experienced some serious near miss events in the remediation activities. And based on field observation, the safety and compliance performance related to the Site-Specific Traffic Management Plan implementation are still below 100% conformance due to noncompliance Site-specific traffic plan, inadequate PPE, inadequate traffic management sign, inadequate pedestrian pathway inside working area and so on. It means the hazard associated within the working is still not well mitigated yet, especially for vehicle-human interface activities. Based on the business situation analysis, the project team decided to identify the root cause of the problem by using Human Performance Analysis thru Performance Mode and Error Traps identifications. Those tools helps project team to dig deeper into the main issues, and also analyze the problems in the comprehensive view by optimizing Human Performance components (People, Culture, Work System, Equipment and Processes) to define the proper corrective actions in order to improve safety performance and compliance and eliminate potential serious injury and fatality.According to the analysis, the root cause of the issues is 40% of PMCoW have inadequate competency and capability related to SSTMP procedure, lack of Contractor’s Project Management commitment, lack of operational management control, inadequate understanding of SSTMP procedure by field personnel and lack of sense of vulnerability. The improvement actions have been implemented and successfully improve site-specific traffic management safety performance and compliance from 79 to 100% and eliminate potential risk to serious injury and fatality in PT CVD remediation project.Keywords: safety and compliance, human performance, site-specific traffic management, serious injury and fatality
Proposed Business Strategy for Travel Agency Company to Face the New Normal (Case Study: Tazakka Tour and Travel)
The Indonesian Journal of Business Administration Vol 9, No 3 (2020)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Pandemic Covid-19 demanded all of the business activities around the world to adapt quickly in the uncertain situation and condition. Tazakka Tour and Travel run business with having cooperation with few companies and also sell it their service to customers in directly. In this research, the company want to make a new business strategy in order to survive in the travel business sector.Researcher use SWOT Analysis to measure the strength, weakness, opportunity, and threat that will come to the company from the external (PESTEL Analysis, Five Porter’s Forces, and Marketing Mix). Furthermore, from the internal (Business Model Canvas, STP, and also VRIO Analysis) that has been done before.Moreover, the company need to make Digital Integrated Marketing Communication as for sustainable development of the company. Not only that, the company also need to make short-term, mid-term, and long-term target for the next few years.Lastly, after the analysis has done by determining the literature of Tazakka Tour and Travel and the resolution of the literature by using SWOT-TOWS matrix, also applicate technological approach with smart apps on consumer renewable services. Keywords: Covid-19, Tour and Travel, New Normal, SWOT-TOWS Analysis, Marketing Mix 7P, Integrated System

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