cover
Contact Name
-
Contact Email
orics.iorajournal@gmail.com
Phone
+6285841953112
Journal Mail Official
orics.iorajournal@gmail.com
Editorial Address
Jl. Merkuri Timur VI No. 1, RT. 007, RW. 004, Manjahlega, Rancasari, Kota Bandung, Jawa Barat, INDONESIA
Location
Kota bandung,
Jawa barat
INDONESIA
Operations Research: International Conference Series
ISSN : 27231739     EISSN : 27220974     DOI : https://doi.org/10.47194/orics
Operations Research: International Conference Series (ORICS) is published 4 times a year and is the flagship journal of the Indonesian Operational Research Association (IORA). It is the aim of ORICS to present papers which cover the theory, practice, history or methodology of OR. However, since OR is primarily an applied science, it is a major objective of the journal to attract and publish accounts of good, practical case studies. Consequently, papers illustrating applications of OR to real problems are especially welcome. In real applications of OR: forecasting, inventory, investment, location, logistics, maintenance, marketing, packing, purchasing, production, project management, reliability and scheduling. In a wide variety of environments: community OR, education, energy, finance, government, health services, manufacturing industries, mining, sports, and transportation. In technical approaches: decision support systems, expert systems, heuristics, networks, mathematical programming, multicriteria decision methods, problems structuring methods, queues, and simulation.
Arjuna Subject : Umum - Umum
Articles 78 Documents
Price Determination of Agricultural Insurance Premium Based on Rainfall Index With Black-Scholes Model Dimas Aditya Prasetyo; Luki Setiawan
Operations Research: International Conference Series Vol 1, No 4 (2020)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v1i4.153

Abstract

This article discusses the use of the Black-Scholes model to calculate the price of agricultural insurance premiums based on the rainfall index. The Black-Scholes model is one of the models used to determine option prices. The research method used is studying the material through mathematics books and journals and collecting secondary data. The data used in this study are rainfall data and rice production data in Magelang City from 2019 to 2020. Based on the results and discussion, the quarterly rainfall data that has a strong correlation are quarterly rainfall one and three. For the reference size with the latest rainfall data (319.5 mm) the premium obtained is IDR 3,557,321.00 per hectare, while for the reference size with the average rainfall data (1094,725 mm) the premium obtained is IDR 623,387. ,00 per hectare. Based on the calculation results, the higher the percentile value, the higher the premium value for the two reference sizes.
Annual Financial Statement of PT Essar Indonesia Employee Saves and Loan Cooperative for Financial Year 2021 Balances 31 December 2021 Aliyah Nur Hafifah
Operations Research: International Conference Series Vol 1, No 3 (2020)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v1i3.143

Abstract

Cooperatives according to Law No. 25 of 1992, can be interpreted as a business entity consisting of a group of people whose activities are based on cooperative principles as well as a people's economic movement based on kinship. The cooperative itself also has financial reports that are always reported. Cooperatives have financial reports that are reported within a certain period of time with the users of the report themselves being members of the cooperative, management, supervisors and other stakeholders. A balance sheet is a financial report that must be made to report the assets or liabilities of a company/organization. With this balance sheet, a company or organization can find out how much wealth or total net assets it has. The preparation of the financial balance report has 3 stages, the preparation stage, the stage for preparing the balance sheet and the preparation stage. In the stage of preparing the balance sheet, there are 2 stages, namely the stage of preparing the balance sheet page and the stage of registering asset data owned by a company or organization itself. Based on the total data, the wealth data owned by the Savings and Loans Cooperative PT. Essar Indonesia is the same as the total liability data of the Savings and Loans Cooperative PT. Essar Indonesia until the end of 2021. With the cooperative's financial report, users can view information about their financial position, performance and other financial information. The existence of a balance sheet report is also useful in making decisions.
Discussion of Total Actuarial Liabilities and Normal Costs Ami Emelia Putri Zahra
Operations Research: International Conference Series Vol 2, No 1 (2021)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v2i1.158

Abstract

Many company owners are still confused about calculating pensions for their employees so that company owners cannot prepare pensions properly. In this discussion, we will discuss the problem of calculating the total actuarial obligations and normal costs that are part of the pension fund. The purpose of this discussion is to show the solution to the problem of how to find total liabilities using the ordinary credit unit method and to find normal costs using the projected credit unit method. The calculation of total actuarial liabilities uses the credit unit method, while the normal cost calculation discussed uses the projected unit credit actuarial cost method. From the problems discussed, the total actuarial liability on 1/1/95 was IDR 405,335,428 and the normal cost for 1994 on 1/1/94 was IDR 1,071,429. The purpose of this discussion is to help readers better understand how to complete the calculation of total actuarial obligations and normal costs and can be a reference for readers in determining the amount of costs prepared for pensions.
Application of ARIMA-GARCH Model to Estimating Expected Shortfall in BMRI Stocks Alberto Simanjuntak
Operations Research: International Conference Series Vol 1, No 4 (2020)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v1i4.149

Abstract

Stocks are one of the best-known forms of investment and are still used today. In stock investment, it is necessary to know the movement and risk of loss that may be obtained from the stock investment so that investors can consider the possibility of profit. One way of calculating risk is to use the Expected Shortfall (ES). Because the stock movement is in the form of a time series, a model can be formed to predict the movement of the stock which can then be used for ES calculations using time series analysis. The purpose of the study was to determine the expected shortfall value of BMRI shares using time series analysis. The data used for this research is the daily closing price of shares for three years. In the time series analysis stage, the models used in predicting stock movements are Autoregressive Integrated Moving Average (ARIMA) for the mean model and Generalized Autoregressive Conditional Heteroscedasticity (GARCH) for the volatility model. The average value and variance obtained from the model are then used in calculating the ES on BMRI stock. Based on the results of the study, it was obtained that BMRI's stock had an ES of 0.008116. This means if an investment is made for BMRI shares of IDR 1,000,000.00 for 37 days (5% of 751 days) for an investment period with a 95% confidence level, the expected loss to be borne by the investor is IDR 8,116.00.
Income Statement CV. Source Makmur Pratama Indonesia for the 2021 Period Ruth Glory
Operations Research: International Conference Series Vol 2, No 2 (2021)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v2i2.163

Abstract

Financial statements are one of the important components in the development of a company. However, there are still companies that do not make financial statements according to the applicable rules. This report was prepared with the intention of helping CV. Sumber Makmur Pratama Indonesia in the preparation of good financial statements and analysis of the financial statements made. The financial statements made are income statements with descriptive analysis research methods. The preparation is done by collecting data, determining the accounts to be used, knowing the format to be presented, and including the three main components in the income statement. After the income statement was prepared, a net profit of IDR 632,218,514.50 was obtained and the results of ratio analysis showed that CV. Sumber Makmur Pratama Indonesia has a good turnover of goods and company effectiveness. Hopefully, this report will be useful for CV. Sumber Makmur Pratama Indonesia and other readers in compiling and analyzing company finances that can be useful in making company decisions.
Analysis of Willing to Pay Program on Rice Business Insurance in Karawang Regency Teni Suriani; Dewi Devita; Gemilang Ralfianandha Putra S; Risdawati Risdawati; Avisa Kemala Puspitasari
Operations Research: International Conference Series Vol 2, No 1 (2021)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v2i1.154

Abstract

This study aims to determine the level of farmer participation in the Rice Farming Business Insurance (AUTP) program, and to determine the estimated willingness of farmers to pay the AUTP premium in Karawang Regency and the factors that influence it. The sample in this study amounted to 100 people taken from two villages from two sub-districts, namely Kutapohaci Village in Ciampel District and LemahKarya Village in Tempuran District. Farmers in Karawang Regency are willing to pay the AUTP premium. There are 44% of respondent farmers who are willing to pay the AUTP premium, the average value of the willingness to pay the AUTP premium is IDR 42,480/ha/planting season, which is greater than the value of the AUTP self-help premium set by the current government, which is IDR 36,000/ha/season planting, with a WTP value of IDR 42,480/ha/MT. Farmers hope that there will also be an increase in claim benefits to IDR 7.080.000. Based on multiple regression analysis, the factors that influence the farmer's Willingness to Pay (WTP) value on the AUTP program are the variables of education, land area, land status and income (at the real level). 5 percent). Meanwhile, based on the results of the logit analysis, it is known that the factors that can increase the chances of farmers participating in the AUTP program independently by paying the AUTP premium are the WTP value and income.
Calculation of Pension Funds Using the Unit Credit Method Sherina Anugerah Putri
Operations Research: International Conference Series Vol 1, No 3 (2020)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v1i3.144

Abstract

Everyone certainly wants a welfare in the future, including employees. The company provides a pension program as a form of the company's concern for its employees. This pension fund provides pension benefits to employees at the time of retirement. Funding for this pension requires actuarial calculations which are normal costs and actuarial obligations. This discussion aims to calculate the amount of normal costs and actuarial obligations that must be incurred. The method used in this discussion is the ordinary credit unit method and projecting credit units by analyzing the use of actuarial formulas from several literature studies. In the first discussion using the ordinary credit unit method, the total actuarial liability on 1/1/95 is IDR. 405,355, while in the second discussion using the projecting credit unit method, the normal cost for 1994 on 1/1/94 is IDR 1071, 42. It is hoped that this discussion can increase the reader's knowledge of pension fund mathematics, especially to determine normal costs and also the value of actuarial obligations using the ordinary credit unit method or the projecting credit unit method.
Balance Report and Solvency Ratio Analysis of PT. Ekadharma International Tbk. Period 2018-2020 Nurhaliza Rahmadini
Operations Research: International Conference Series Vol 2, No 2 (2021)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v2i2.159

Abstract

PT. Ekadharma International Tbk. is a company that expands its business into the adhesive tape industry in meeting the needs of the Indonesian market. The development of this company must also be balanced with its financial stability. The source of information used to measure the company's financial condition is financial statements. The benchmark used in this research is vertical analysis and solvency ratio analysis which shows the company's ability to pay its obligations when the company is liquidated. The types of ratios used are Debt to Asset Ratio and Debt to Equity Ratio. Vertical analysis shows that the total assets of PT. Ekadharma International Tbk. always increase from year to year. While the results of the calculation of the solvency ratio show that the percentage is in a relatively small number, namely 10%-20% and always decreases every year. By presenting data that has been processed and interpreted, this balance sheet report can provide good insight for the company, employees, and shareholders in making economic decisions for the company.
Cash Flow Report RT 05/RW 22 Jakasampurna Village, Bekasi West for the 2020 Period Azizah Rini Widyani
Operations Research: International Conference Series Vol 1, No 4 (2020)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v1i4.150

Abstract

The importance of the cash flow statement to see changes in net assets is sometimes still not realized by institutions or small organizations. For example, residents of RT 05/RW 22 Jakasampurna Village, West Bekasi. In this paper, a cash flow report for RT 05/RW 22 Jakasampurna Village, West Bekasi will be prepared. With the aim of presenting valid information related to cash disbursements and receipts in the 2020 period. The method chosen is the preparation of cash flow reports directly with data analysis using descriptive methods. The results of the analysis show that the final amount of cash for the 2020 period has increased from the 2019 period with a ratio of 1,207. This means that the value of their current assets includes at least the amount of their short-term liabilities.
Balance Report Prosperous Motorcycle Workshop Nazla Aqira Maghfirani
Operations Research: International Conference Series Vol 2, No 1 (2021)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v2i1.155

Abstract

Based on the number of invoices or order notes, Bengkel Sejahtera experienced a decrease in service intensity in 2021 compared to the service intensity in 2020 which was quite high. This is because the workshop had experienced changes in service and financial management so that it could affect the company's financial condition. Therefore, the Bengkel Sejahtera balance sheet has been prepared to analyze financial statements using the current ratio or liquidity ratio and common size analysis, so that an overview of the company's financial position can be obtained. The research method used is a quantitative method with an explanatory research type. Data collection techniques were carried out by interviewing the company manager. The results of the analysis show that Bengkel Sejahtera has generated declining cash in 2021 with a ratio of 1:10 cash in 2020. In addition, the number of liabilities held has not been able to be fulfilled with company assets/assets due to the large number of passive funds that continue to be left to settle without being disbursed for fulfill the company's obligations. The financial statement analysis of Bengkel Sejahtera can be used by managers for better financial management, in which the management can begin to concentrate on the company's debts or obligations and not allow passive funds to continue to settle.