Business Commons^™

Comparison Of Value At Risk Using Historical And Monte Carlo Methods On Pt Xyz Stock Portofolio, Eka Fitriani, Yulial Hikmah, Ira Rosianal Hikmah

Jurnal Administrasi Bisnis Terapan

One way to achieve profits in a company is through investment activities. However, everything has risks. Investing can also be risky. Therefore, the relationship between risk and investment is important because it will influence the determination of investment selection. The problem faced by investors is choosing an efficient portfolio, or a portfolio that provides the smallest risk. This risk can be done by measuring risk, one of which is using the Value at Risk (VaR) measure. Measurement using Value at Risk has several methods that are quite popular, namely the Historical Method, Variance-Covariance, and Monte Carlo. In this research, the …

Development Of Jetty Structure Design Procedures At The Schematic Design Stage With The Implementation Of Computational Design And Building Information Modelling To Improve Design Time Performance, Aidil Fitriansyah, Yusuf Latief

CSID Journal of Infrastructure Development

The construction sector faces persistent productivity challenges, significantly hindering the efficiency of design workflows. Computational Design (CD) and Building Information Modeling (BIM) offer potential solutions. CD enables the exploration of parametric design alternatives, while BIM enhances collaboration, visualization, and decision-making through comprehensive 3D models. This study aimed to investigate the processes and activities involved in the structural design of jetties during the schematic design phase using CD and BIM and to assess the impact of these activities on design time performance. A comprehensive analysis of secondary data was carried out, interviews were conducted with design experts, and quantitative analysis using …

Advancing Construction Practices: Innovations, Efficiency, And Safety In The Digital Era, Mohammed Ali Berawi, Perdana Miraj, Mustika Sari

CSID Journal of Infrastructure Development

In the ever-changing landscape of the construction industry, digital tools and procedures are a cornerstone of architectural and engineering practices. Building Information Modeling (BIM) and other computational design methodologies transform how projects are imagined, planned, and executed. These tools improve design precision while allowing real-time collaboration across different teams. As a result, adopting digital approaches is no longer an option but rather a requirement for remaining competitive in the construction industry. These innovative approaches provide an in-depth understanding of project complexities, drive design optimization, and contribute to resource management efficiency.

Construction efficiency has also improved due to lean manufacturing processes …

The Most Influential Factors On The Risk Cost Estimation Process Of Implementing Bim 5d In Quantity Take-Off For Green Retrofitting Of High-Rise Buildings, Febrianti Silviana Dewi, Yusuf Latief, Bernadette Detty Kussumardianadewi

CSID Journal of Infrastructure Development

Green retrofitting aims to guide buildings toward sustainable practices, reducing carbon emissions associated with building operations and construction. This study explores the application of Building Information Modeling (BIM) 5D Quantity Take-Off (QTO) to existing high-rise buildings, focusing on components that enhance the performance of environmentally friendly structures and project management. This research identifies the factors influencing the cost estimation process and examines the risks across various phases, activities, outputs, and utilization of BIM 5D in cost estimation. The study highlights the most influential factors in implementing green retrofitting for high-rise buildings using structured interviews, questionnaires, and expert validation. The analysis …

Retracted: Empowerment Of Increasing Economic Resilience Post Covid-19 Janjang Wulung Village Community Through Creative Economic Village Planning, Alvian Wardhana, Muhammad Ramayuda, Faza Farhan Muhammad, Acyuta Putri Nariswari, Salsa Dwi Cahya, Garin Ardi Wicaksono, Dani Rizky Dianafi, Muhammad Ivan

CSID Journal of Infrastructure Development

This article has been retracted at the request of the authors.

Reason:

1. Conflict of interest for using an open database under the assignment of “Studio Desa” on the odd semester 2020/2021 at Perencanaan Wilayah dan Kota, Universitas Brawijaya

2. The plaintiff's consideration comes from another researcher under the assignment of “Studio Desa” related to the reconstruction of Journal results and development

3. Avoid bigger conflicts, especially those related to all parties, including authors, Plaintiff parties, institutions, and all parties involved

The Publisher

Comparison Of The Accuracy Of Contour Data In Photogrammetric And Terrestrial Surveys, Hendra Saputra, Roma Rizki, Marhadi Sastra

CSID Journal of Infrastructure Development

Understanding and accurately representing the Earth's surface is crucial in various scientific and practical fields. Over the past decades, measurement technology has seen remarkable advancements, offering an array of methods for recording and analyzing Earth's surface with increasing precision and efficiency. Two primary approaches have risen to the forefront of this field: the Digital Terrain Model (DTM) and terrestrial measurements using a Total Station. Although both technologies offer unique advantages and constraints, a comprehensive direct comparison between these two methods often remains an underexplored area. The Digital Elevation Model (DEM) represents the height of the ground surface resulting from acquisition …

Critical Success Factors In Pump Production To Increase Lean Manufacturing Project Performance, I Bayu Dwianditya, Leni Sagita Riantini, Yusuf Latief

CSID Journal of Infrastructure Development

Floods represent a significant global disaster, occurring more frequently and causing severe damage. The effective production of pumps is crucial in supporting flood infrastructure projects. Lean Manufacturing (LM) and Project Management (PM) approaches must be incorporated to improve pump production manufacturing. Therefore, this study aims to identify the critical success factors that enhance LM performance in pump production projects for flood management through surveys conducted among pump manufacturers, governmental bodies, and relevant stakeholders engaged in flood infrastructure projects. The study's results highlight the importance of understanding and analyzing project complexity, aligning pump design with project requirements, and mastering processes and …

Analyzing The Effect Of The Construction Safety Audit Model Using The Business Process Model And Notation (Bpmn) Method On Improving Communication And Collaboration Between Stakeholders., Muhammad Ghazali, Danang Budi Nugroho, Yusuf Latief

CSID Journal of Infrastructure Development

The significant increase in infrastructure development is directly proportional to the rising accident rate in the construction sector, making it one of the highest-risk sectors for accidents. This phenomenon indicates that existing construction safety audits have not been effective in preventing accidents, largely because audits are generally conducted only at the construction stage. Audits at the design stage, however, have the potential to impact accident prevention significantly. Therefore, this research aims to develop a construction safety audit model using the Business Process Model and Notation (BPMN) and analyzes the impacts on stakeholder communication and collaboration. BPMN was chosen because it …

Investigating The Relationship Among The Construction Safety Plan, Knowledge Management, Audit Process, Information System, Web, And Bim With Construction Safety Performance, Zafira Alysha Fadli, Yusuf Latief, Danang Budi Nugroho

CSID Journal of Infrastructure Development

The rapid growth of high-rise building construction in Indonesia has led to a significant increase in accidents, necessitating a robust audit process for construction safety. This research investigates the relationship between construction safety plans (CSPs), audit processes, knowledge management (KM), information systems, the web, and BIM on construction safety performance, aiming to develop a BIM-based KM audit process. To analyze the significance level of various indicators for each variable considerable importance, a mixed-methods approach was employed, combining qualitative insights from expert interviews with quantitative analysis using Structural Equation Modeling (SEM) via SmartPLS. The findings in the study reveal that the …

Mobility Index Towards Heritage Tourism Area, Case Study: Borobudur, Prambanan, And Ratu Boko, Kurniawan Pungki Aji, Andyka Kusuma, Efendhi Prih Raharjo

Smart City

Mobility has become a crucial factor in transportation management, especially in the tourism sector. It is a key indicator of the performance of transportation infrastructure and people's response to it. To evaluate mobility in tourist areas, there is a need for tools to represent its value. In this study, the concept of an index as a measure of performance is applied, gathering information into a simpler and more mutually agreeable form. The cultural heritage sites of Borobudur, Prambanan, and Ratu Boko are chosen as an ideal study location due to their popularity internationally. Given the limitations of previous research on …

The Effect Of Tax Avoidance, Tax Rate Change, And Sustainability Disclosure On Earnings Management, I Putu Hendy Bimantara Dinata, Asqolani Asqolani

Economics and Finance in Indonesia

This study aims to analyze the effect of tax avoidance, changes in tax rates, and sustainability disclosures on earnings management. The sample in this study is public companies listed on the IDX for the period 2018–2021. The results of this study indicate that tax avoidance has no effect on earnings management. In addition, after the reduction in the corporate income tax rate, companies tend to conduct earnings management to reduce revenue. In the sustainability aspect, environmental sustainability disclosure has no effect on earnings management, while social sustainability disclosure has a positive effect on earnings management. The results of this study …

Identifying Risk-Taking Behavior And Prudent Asset Allocation In Pension Funds In Indonesia, Mohammad Alvin Prabowosunu, Reza Yamora Siregar, Rosi Melati, Devan Hadrian, Rizky Rizaldi Ronaldo

Economics and Finance in Indonesia

This research aims to investigate asset allocation strategies in the pension fund industry in Indonesia in relation to liability profiles and risk-taking behavior. Utilizing data on market returns for each asset class and several financial indicators of pension funds, we applied the risk-taking behavior model proposed by Andonov & Rauh (2022) and a modified model to observe the Liability-Driven Investment (LDI) strategies of pension funds in Indonesia. We discovered that private defined contribution pension fund schemes (PPIP) tend to exhibit higher risk-taking behavior, primarily through investment allocation in equities. On the other hand, private defined benefit pension funds (PPMP) demonstrate …

Performance Of The Public Service Bureaucracy: Urban, Rural, And Building Tax Service Model (Pbb-P2) Based On Information And Technology, Rahmawati Rahmawati, Raniasa Putra

BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi

The community needs effective, efficient, and accountable public services, including tax services. The Urban & Rural Land & Building Tax (PBB-P2) is a new type of tax for the regions. In the course of its management, there are obstacles and problems. Among them, the community as taxpayers (WP) has difficulty fulfilling their obligations to pay taxes. In addition, the weak administration system of services to taxpayers is due to limited human resources (HR) facilities, infrastructure, organizations, and others. Regional Financial and Asset Management (BPPKAD) considers the bureaucracy too long and prone to deposit discrepancies. The research method used is descriptive …

The Urgency Of Administrative Reform In E-Government-Based Recruitment Of General Elections Commission Members In Bali Province, Ni Wayan Widhiasthini, Ni Kadek Winda Yanti, Nyoman Sri Subawa, Made Srinitha Millinia Utami

BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi

This study aims to explore the role of information technology, particularly the application of e-government, in the recruitment process for General Elections Commission (KPU) members, focusing on administrative reform in Bali. It emphasizes the optimization of administrative reform through an e-government-based recruitment system. Utilizing a qualitative research framework, this study employed a descriptive approach with a post-positivist perspective. Data were collected through interviews, observations, and document analysis, followed by systematic stages of data reduction, presentation, and conclusion drawing. Both qualitative and quantitative data were collected from primary and secondary sources and validated through source triangulation and determination. Informants were purposively …

Critical Success Factors Of Agile Innovation Management In The Government Of Palu Municipality In Central Sulawesi Province, Rahmawati Halim Rhm, Mashuri H. Tahili Mht

BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi

Agile governance plays a crucial role in developing agile innovation to enhance performance in Palu Municipality. This study examines the critical success factors of agile innovation management (AIM) in the government of Palu Municipality. This study employed an exploratory survey and a quantitative method to collect data through questionnaires, with analysis conducted using the Structural Equation Modeling (SEM) method. The findings identify end-user involvement, technology development, organizational innovation, and agile methodology for service innovation as crucial success elements in achieving effective AIM

Value Of National Cultural Dimension Of Social Entrepreneurship In Indonesia, Ati Cahayani, Aristo Surya Gunawan, Nidaan Khafian

BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi

Social entrepreneurship in Indonesia has multiplied. They are more public figures in the field of social entrepreneurship. The fundamental value that made them set up social entrepreneurship is caring. However, it assumed that those specific fundamental values make social entrepreneurship in Indonesia unique. These values reflect the national cultural dimensions of social entrepreneurship in Indonesia. This study wants to analyze whether the national cultural dimensions of the seven organizations are identical using a qualitative method for analyzing secondary and primary data. Primary data were obtained from interviews with seven owners or leaders of the social enterprises, and the sampling technique …

Moving Up Trainees’ Motivation For Using On-Job Training: Relationship Between Leaders’ Support And Trainees’ Motivation For Learning, Azman Ismail, Maryam Jamilah Asha'ari, Siti Nurul Afiqah Foboy, Wan Noordiana Wan Hanafi, Azmawaty Mohamad Nor, Tehsapuan Husin

The South East Asian Journal of Management

Research Aims: This study examined the relationship between leaders’ support and trainees’ learning outcomes and the relationship between leaders’ support, trainees’ motivation for learning, and trainees’ motivation for using on-job training.

Design/Methodology/Approach: A cross-sectional research design was employed to collect 226 self-report questionnaires from employees at military healthcare organisations in Peninsular Malaysia. The SmartPLS was used to assess the quality of the measurement model and test the structural model.

Research Findings: This study confirmed that trainees’ motivation for learning is an essential mediating construct in the relationship between leaders’ support and trainees’ motivation for using on-job training.

Theoretical Contribution/Originality: This …

Understanding The Influences Of Hedonic Personality Towards Advertising Avoidance On Social Media, Diera Desmonda, So Yohanes Jimmy, Mohammad Annas

The South East Asian Journal of Management

Research Aims: This study aims to investigate and explore how the hedonic personality that exists in each individual can influence avoidance behaviour towards advertisements on social media platforms.

Design/Methodology/Approach: A quantitative approach with a purposive sampling technique was employed to collect data from 198 respondents who have shopped or at least searched for products on social media. The data were then analysed using the Structural Equation Modelling (SEM) technique.

Research Findings: The results showed that hedonic personality affected advertising avoidance behaviour. Through multigroup analysis, this research found differences in how men and women respond to an advertisement. On the other …

Relationships Among Crisis Leadership, Innovation Capability, Implementation Of Business Continuity Management, And Sustainable Performance In The Covid-19 Pandemic, Daniel Kurniawan, Damelina Tambunan, Grace Citra Dewi

The South East Asian Journal of Management

Research Aims: This study explores the dynamics between crisis leadership (CLE) and sustainable performance (SP) during the COVID-19 pandemic, investigating the mediating roles of innovation capability (IC) and business continuity management (BCM).

Design/Methodology/Approach: Utilising questionnaires from 209 respondents and employing quantitative approaches, this research examines the connections between CLE, IC, BCM, and SP, employing PLS-SEM for analysis.

Research Findings: CLE significantly influences both IC and BCM, while IC positively impacts SP. This study also highlights the moderating roles of IC and BCM in enhancing organisational resilience.

Theoretical Contribution/Originality: The study unveils the substantial influence of CLE on IC and BCM, …

Resilience, Self-Efficacy, Openness To Change, And Innovativeness Of Msme Owners: A Quantitative-Qualitative Integration Before, During, And After The Covid-19 Crisis, Imelda T. Angeles

The South East Asian Journal of Management

Research Aims: Micro, small, and medium-sized enterprises (MSMEs) have consistently demonstrated their resilience in the face of economic challenges, particularly during crises. This study delves into how the experiences of MSMEs before, during, and after the COVID-19 crisis have translated into resilience, self-efficacy, openness to change, and innovativeness as they responded to the unprecedented challenges posed by the pandemic.

Design/Methodology/Approach: This mixed-methods study combines the quantitative analysis of the characteristics of MSME owners with their narratives of their experiences during the COVID-19 crisis, translating adversity into an opportunity.

Research Findings: The integrated results showed how the quantitative-qualitative insights enabled a …

Integrity And Legitimacy Of Halal Products: The Urgency Of Halal Supply Chain Management Technology Adoption In Halal Product Authentication Traceability Evidence From Indonesia, Ari Agung Nugroho, Sumiyati Sumiyati, Hamsani Hamsani

The South East Asian Journal of Management

Research Aims: This research aims to determine how technology, integrity, and the environment affect traceability of halal product certification and its relationship with Halal Value Chain (HVSC) Management in micro, small and medium processing industries.

Design/Methodology/Approach: The quantitative research utilised survey data from 285 respondents who are processing industry players throughout Indonesia. Structural Equation Modelling-Partial Least Square (SEM-PLS) is applied for data analysis.

Research Findings: The study's findings indicate that technology adoption and environmental factors have a significant effect on HVSC traceability. The authentication and legitimacy of halal products are positively impacted by technology adoption, among others, which contributes to …

Leadership Styles, Self-Efficacy, And Innovative Work Behaviour Of Software Developers, Win Moe Moe Kyaw, Aye Thanda Soe

The South East Asian Journal of Management

Research Aims: The primary aims of this study involve examining the effect of leadership styles on self-efficacy and the effect of self-efficacy on innovative work behaviour.

Design/Methodology/Approach: Quantitative research was conducted by collecting data from 242 randomly selected software developers in four software development companies in Yangon using structured questionnaires. Regression analysis was used to attain the research objectives.

Research Findings: The results showed that transactional and ambidextrous leadership styles have a significant effect on increasing the self-efficacy of software developers. This study also revealed that self-efficacy is an antecedent of the innovative work behaviour of software developers.

Theoretical Contribution/Originality: …

An Architectural Approach To Neighborhood Design In The Quarry Road Informal Settlement In Durban, Viloshin Govender, Ameen Shaikjee

CSID Journal of Infrastructure Development

Informal settlements, often characterized by inadequate infrastructure, housing, and services, are a significant urban challenge in the global South. Creating well-functioning and supportive neighborhoods within these settlements is crucial for improving the living conditions and livelihoods of those living there. This paper explores the strategies and principles of creating neighborhoods in informal settlements that promote community empowerment, social cohesion, and sustainable development. Conventional top-down development approaches often fail to address these settlements' unique needs and dynamics. In contrast, a bottom-up approach empowers residents, fosters community engagement, and promotes sustainable development. This paper explores how architecture can respond to the needs …

Assessing The Characteristics Of Coastal Neighbourhoods That Influence Flood Susceptibility In Kosofe, Nigeria, Saudat O. Ajijola, Funmilayo M. Adedire, J A. Fadamiro

CSID Journal of Infrastructure Development

As climate change continues to exacerbate weather patterns, flood susceptibility has become an increasingly pressing global concern. The susceptibility to floods is influenced by many contextual factors; as such, characterizing coastal neighbourhoods for the purpose of articulating susceptibility pathways is crucial for developing appropriate physical planning policies. The specific research objective seeks to assess the dimensions of neighbourhood characteristics that influence flood susceptibility in Kosofe, a suburban coastal community in Lagos, Nigeria. The data used were based on primary and secondary sources. Using a systematic sampling method, 324 respondents participated in the field survey. The result of the descriptive statistics, …

Evolving Hangwuran City Development Model Through Partial Least Square Approach In North-Central Nigeria, Samuel Medayese, Hangwelani H. Magidimisha-Chipungu, Lovemore Chipungu

CSID Journal of Infrastructure Development

The need for a paradigmatic shift in city development ideology has become increasingly evident over the years. In response to this need, the Hangwurian City Development Model was developed to establish a connection between the concepts of environmental awareness, urban governance, and management. This model also integrates sustainable urban development, urban liveability, and inclusive physical development. The research sets a critical objective of analyzing the significant levels of various indicator variables. The exploratory research utilized partial least squares (PLS) via SmartPLS to evaluate the variables, collecting quantitative data through the open data toolkit from three selected cities: Lokoja, Minna, and …

Neighbourhood Planning: Reminiscence Towards Liveable Communities, Bolanle Wahab, Waheed Kadiri, Ayobami Popoola, Bamiji Adeleye, Robert A. Dwamena

CSID Journal of Infrastructure Development

Urbanisation remains a topical discussion across the globe. According to the United Nations (2022), 68% of the world's population will be absorbed in urban areas by 2050. The envisaged rapid urbanisation in cities by 2050 is believed to be accompanied by various planning problems, which include accelerated climate change, urban slums, urban sprawl, poor sanitation, inadequate infrastructure, overcrowding, housing deficiency and transportation issues. To mitigate these planning problems, the role of effective urban planning cannot be overemphasised. Urban planning provides a pathway for overcoming the various challenges posed by urbanisation both in the present and in the future.

Urban planning …

Urban Expansion And Loss Of Watershed Of Eleyele Dam In Ibadan, Nigeria, Samson A. Adejumo, Solomon Osunwale

CSID Journal of Infrastructure Development

The study examined human activities contributing to the depletion of the Eleyele watershed. The activities have grown over time due to urban expansion through population growth and land and space requirements, resulting in rapid land use and land cover change. The study sourced both quantitative and qualitative data. A total of 247 pre-tested questionnaires were administered to randomly selected residents in the four communities (Eleyele, Ijokodo, Awotan, and Idi Osan) abutting the Eleyele watershed. In-depth interviews were conducted with the heads of Eleyele Waterworks, the Forestry Department, and the Oyo State Ministry of Agriculture and Natural Resources. We used Remote …

Condition Of Drainage System And Its Impact On The Residents Of Mowe, Ogun State, Nigeria, Ayodeji Olusola Ajayi, Testimony Ayomide Oladiran, Ismail Adedapo Oyerinde, Aderonke Olufunmi Ajayi, Adonis Busuyi Fakanlu

CSID Journal of Infrastructure Development

This study examines the impacts of drainage infrastructure conditions on Mowe, Ogun State, residents. The study used a quantitative research design, using a systematic random sampling technique to select ten (10) residential estates (three public-owned and seven privately owned) in the study area. In all, 107 residents were sampled using a structured questionnaire. The data collected was analysed using descriptive statistics. Based on the findings of this study, it was evident that the surface drainage system, mainly constructed with sandcrete blocks, was predominant in the study area. The result established that the drainage's minimum height in the study area was …

Partnership And Coalition Efforts For Community-Based Research: Towards A Liveable Urban And Rural Settlement In Kwazulu-Natal, Sibongile A. Ngcobo, Nene E. Khalema, Tawanda Makusha

CSID Journal of Infrastructure Development

This paper examines the role of community partnerships and coalitions in the intricate and constantly evolving dynamics of communities in KwaZulu-Natal, South Africa. Various aspects of the community context, such as socioeconomic conditions, geography, environmental factors, demographics, community politics, and cultural norms, often influence these community partnerships and coalitions. This study adopted the Community Coalition Action Theory as an organisational framework to examine the efforts of coalitions and partnerships in community-based research. The research applied a mixed-methods approach. This included a survey and individual interviews within the research organisation responsible for multiple community-based projects in rural and urban areas of …

Land Surface Temperature And Landuse/ Land Cover Change Variability Using Remotely Sensed Data For Sub-Urban Settlements In Osun State, Nigeria, Saeed K. Ojolowo, Abiodun A. Audu, Charles O. Olatubara, Olusiyi Ipingbemi, Olaitan O. Odunola, Olaide J. Omirin, Oluwasinaayomi F. Kasim

CSID Journal of Infrastructure Development

Land surface temperature (LST) is an indispensable factor in studying urban climate. Ground-based measurements have been employed to quantify LST and Land Use/Land Cover Change (LULC). However, due to advancements in space technology and extensive spatial coverage, remote sensing techniques are increasingly being used to measure the intensity of LST and LULC dynamics, owing to the availability of enhanced satellite-based thermal observations of the Earth. The climatic conditions over a medium-sized city could be improved by understanding the interplay of LST and LULC. In this study, we estimated LST based on Landsat bands 4 and 5 for 1990 and 2000, …