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Estimation of Reinsurance Risk Value Using the Excess of Loss Method Jumadil Saputra; Tika Fauzia; Sukono Sukono; Riaman Riaman
International Journal of Business, Economics, and Social Development Vol 1, No 1 (2020)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v1i1.16

Abstract

As with any other business that has a risk of any incident in the future, the insurance business also needs protection against the risks that may arise in the company so that the company does not lose. Therefore, the need for anticipation in organizing any claims submitted by the insurance company to Reinsurance Company so that insurance company may assign any or all of the risks to reinsurance companies. In the method of reinsurance excess-of-loss there is a certain retention limits that allow reinsurance companies bear no claims incurred on insurance companies. The results of this study showed the average occurrence of claims and the risks that may be encountered by Reinsurance Company during the period of insurance. The magnitude of the risk assumed by the reinsurer relies on the model claims aggregation formed from individual claim size distribution models and distribution models the number of claims incurred in the period of insurance. Besides the magnitude of risk was also determined from the retention limit of insurance and reinsurance method used.
Engaging Halal Lifestyle toward Purchase Intention of Event Marketing : A Study on Car Free Day Activities in Aceh Yusniar Yusniar; Jumadil Saputra; Yuni Gemasih Tebec; Laili suhairid
International Journal of Business, Economics, and Social Development Vol 1, No 3 (2020)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v1i3.51

Abstract

This study aims to be able to test and analyze the effect of halal lifestyle, price and location on purchase intention in the activities of the Banda Aceh City Car Free Day. The method used is quantitative with Non Probability Sampling in the form of purposive sampling. The data used is primary data, which is obtained directly from the object to be studied in the form of respondents' perceptions by circulating a list of questions in the form of a questionnaire to 100 respondents. Data were analyzed using multiple linear regression statistical tools. The partial test results show that the location variable does not have a positive and significant effect on purchase intention, while the price and halal lifestyle have a positive effect on purchase intention. The simultaneous test results also show that location, price and halal lifestyle variables have a positive and significant effect on purchase intention in the Banda Aceh City Car Free Day activities.
Identifying the Green Supply Chain for Environmental Sanitation Management in Banda Aceh, Indonesia Rusli Yusuf; Maimun Maimun; Sanusi Sanusi; Jumadil Saputra; Sofyan A. Gani
International Journal of Supply Chain Management Vol 9, No 3 (2020): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (575.7 KB)

Abstract

Abstract. This study aims to identify the effect of green supply chain management on environmental sanitation management in Banda Aceh. It caused by a high level of diversity and population density and circular migration in these city. This quantitative study conducted to 3 districts along case, namely densest, most diverse population and circular migration characteristics. A total of 400 respondents spreading in 3 districts were participated in this study. The result of the study shows that the behavior of Banda Aceh people is categorized as standard. Furthermore, the awareness level of Banda Aceh people on environmental sanitation management is categorized as good. Meanwhile, Green supply chain strategy and people awareness are caused by increased population growth due to massive urbanization and high birth rate. However, the existence of public facilities (such as garbage dump, etc.) and people's awareness about the environment is still lacking. Environmental sanitation management still needs the government to play a key role in improving infrastructures such as green supply chain for garbage dump, clean water tank, waste treatment facilities for residual waste, organic and inorganic waste as well as continuous socialization related to environmental sanitation management issues that can influence behavioral change and emerge high awareness from the community towards a healthier life in accordance with the objectives of sustainable development goals.
The Role of Supply Chain Management Consumer Attitude as Intervening between Brand Images, Perceived Value and Revisiting Intention Igus Rahmat Ginanjar; Ratih Hurriyati; Lili Adiwibowo; Vanessa Gaffar; Jumadil Saputra
International Journal of Supply Chain Management Vol 8, No 4 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (676.231 KB)

Abstract

Abstract- The level of revisit intention in hotel resorts in Indonesia has increased from 2017 to 2018. From the data of the Indonesia tourism ministry, the last 10 months hotel occupancy rates in Indonesia have increased significantly compared to the year of 2017, but in the West Java region there is a phenomenon of fluctuation hotel room occupancy, especially in resort types, this is related to the rise and fall of brand image and perceived value. The arrangement of vacationer goal image has been looked into in the course of recent decades and is viewed as a standout amongst the most vital regions or research in image showcasing. It's important builds comprise of the image psychological and full of feeling image alongside its general image which has all the more as of late been incorporated and connected to the intellectual impacts of occasion decision and attitude. This study tests quantitatively whether attitude becomes intervening between brand image and perceived value towards revisiting intention, using a partial least square method to analyze data, a survey with questionnaires on 100 consumers of resort hotels in Bandung City by considering the supply chain management. The result showed that consumer attitude in Bandung City is not significant as an intervening role for brand image perceived value and revisit intention.
Determining Sustainable Rice Farming through Supply Chain Risk Management: A Case Study in Central Java, Indonesia Agung Prabowo; Budi Pratikno; Jumadil Saputra; Sukono Sukono
International Journal of Supply Chain Management Vol 8, No 3 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

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Abstract

The government through the Department of Agriculture has been cooperating with Indonesian Insurance Services or PT. A suransiJasa Indonesia (PT. Jasindo), to implement an insurance program for farmers throughout the country known as rice farming insurance (RFI).The supply chain efficiency and risk management may be two causal factors to uplift the economic conditions of the agricultural communities. The premium rate for 1 hectare of land designated at 3% of the maximum benefit value of IDR 6,000,000. Consequently, the premium received by PT. Jasindo for each hectare is IDR 180,000 of which the Government subsidy pays IDR 144,000,andfarmers will pay the remaining IDR 36,000 of the premium. This research will determine the actuarially fair premium rate, both theoretically and using the data of rice harvest yield in Central Java Province from 1990-2017. The calculation, employing the rice harvest yield data, results in the premium rate. The farmers must pay for each hectare from IDR 56,000 (minimum) to IDR 161,600 (maximum) with an average value of IDR 110,750.Meanwhile,the standard deviation principle used, the premium results between IDR 78,151 and IDR 143,349. The rate of IDR 208,458 per hectare has theoretically generated if there are 100 participants per regency (city) or in size of 3,500 hectares throughout Central Java Province and IDR 182,846 per hectare if there are 10,000 participants or about 350,000 hectares. These values are not much different from RFI premium currently applied to farmers throughout Indonesia.
The Effect of Open Tourism Space on Regional Development Through Supply Chain Management in Panatapan Danau Toba Area Simalungun, Indonesia Jumadil Saputra; Muhammad Ade Kurnia Harahap; Sirojuzilam Sirojuzilam; R. Hamdani Harahap; Beny O. Y. Marpaung
International Journal of Supply Chain Management Vol 8, No 5 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (794.644 KB)

Abstract

This study aims to analyze the influence of open space tourism on regional development, both through visitor satisfaction, image or destination image, and visitor interest and loyalty (intention and loyalty). This research was conducted in several Panatapan spots as open-air tourist spaces in Simalungun Regency, with a total of 313 respondents. The data sources used are primary and secondary data obtained through questionnaires and documentation. The data analysis used in this study uses Structural Equation Modeling (SEM) with SmartPLS 3.0 tools. The results of the study show the importance of developing open space in an effort to build a tourism image, tourist satisfaction, visitor interest and loyalty, in supporting regional development in Simalungun District.
Supply Chain Strategy for World Price of Crude Palm Oil and Its Production on Palm Oil Marketing Margins in Indonesia: An Application of Pairwise Granger Causality Syahril Syahril; Jumadil Saputra; Alisman Alisman; Affandi Affandi; Helmi Noviar; Rollis Juliansyah; Mahrizal Mahrizal
International Journal of Supply Chain Management Vol 9, No 1 (2020): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (249.714 KB)

Abstract

Abstract- This study aims to examine the supply chain strategy in causal relationship between world CPO price causality, production and marketing margin price using the Granger causality approach in the period January 2006-December 2017. This research proves that: (i) The results of the bivariate causality test explain that Indonesian CPO production has a single causality direction with world CPO prices. (ii) The results of the impulse response function and variance decomposition explain that the shock of the marketing margin variable gives a fluctuating response to fluctuations in world CPO prices, but the response is always positively given by the shock marketing margin in response to changes experienced by the variable world CPO prices. The results of this study are efforts to increase the price of CPO in the country by encouraging the development of palm oil derivative industries in increasing derivatives of high economic value products.
Investigation of the Bitcoin Effects on the Country Revenues Via Virtual Tax Transactions for Purchasing Management Jumadil Saputra; Rico Nur Ilham; Erlina Erlina; Khairah Amalia Fachrudin; Amlys Syahputra Silalahi; Wahyuddin Albra
International Journal of Supply Chain Management Vol 8, No 6 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (176.236 KB)

Abstract

As a consensus network, Bitcoin enables new payment systems and money that are entirely digital or can be interpreted as a virtual currency that uses open source user-to-peer network systems for purchasing and sourcing management. It offers easier way of payment without the need for a bank account, credit card or intermediary. Bitcoin is cash stored in a computer that can be used to replace cash in an online sale transaction. Therefore, this study aims to investigate how to maximize the opportunities that allow Bitcoin in contributing for Indonesia tax revenue and also, the respond to the growing issues of virtual money transactions in the world. This study uses Literature study method based on some previous research and scientific journals that discuss about Bitcoin as a means of payment in sale and purchase transactions. The results of this study Bitcoin transaction tax still needs to be addressed is the absence of Legal Basis and legislation on legality of Bitcoin as a recognized payment instrument in Indonesia. This study can helps the Indonesian governments for creating a guidelines to adjust the regulation of virtual transactions for purchasing management, which have already been created and implemented in other countries and have a positive impact on the country's economy in addition to being one of the sources of increasing state tax revenues.
Role of Supply Chain Management on the Job Control and Social Support for Relationship between Work-Family Conflict and Job Satisfaction R Zirwatul Aida R Ibrahim; Jumadil Saputra; Azlina Abu Bakar; Mazidah Mohd Dagang; Siti Nazilah Mat Ali; Md Aris Safree Md Yasin
International Journal of Supply Chain Management Vol 8, No 4 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

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Abstract

Abstract- The present study investigates the relationship between work-family conflict and job satisfaction of Malaysian workers (N = 1125) based on the supply chain management. It examines the direct and moderating effects of job control and social support on work-family conflict and job satisfaction relationship. The current study examines the Job Demand-Control (JDC) [1] and Job Demand-Control-Support (JDCS) [2] models which are under research in the work-family conflict. Hierarchical regression analyses in the study reveal that work to family conflict (WFC), family to work conflict (FWC) and social support have a direct effect on job satisfaction. However, the result reveals that employees’ job control was not the primary predictor of their job satisfaction. Contrary to the prediction of the JDCS model, the moderating effects of job control and social support on the relationship between work-family conflict and job satisfaction are not found. Implications regarding the importance of the main effect of social support and supply chain management on understanding job satisfaction in Malaysian society and other possible moderators are discussed.
A Study of Supply Chain Manangement of Board Composition, Enterprise Risk Management, and Performance of non and Islamic Companies in Indonesia Jumadil Saputra; Husaini Husaini; Saiful Saiful; Wahyuddin Albra
International Journal of Supply Chain Management Vol 8, No 5 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (242.837 KB)

Abstract

The purpose of this study is to investigate the differences of firm performance between Islamic and non Islamic companies. Further, this study also examine the influence of the board size, independence board and enterprise risk management (ERM) on firm performance. The sample in this study is non-financial companies listed on the Indonesia Stock Exchange with the period 2011-2015, with a total of 95 Islamic and 858 non-Islamic companies. The results of this study shows that there is significant different the performance of Islamic and non Islamic companies.  The performance of Islamic companies are higher than non-Islamic companies. Further,  this study found that board size has no effect on the market performance of those companies. independence board has a negative effect on the market performance of the companies. enterprise risk management positively affects the firm performance for both Islamic and non-Islamic companies.