scholarly journals LIFE-CYCLE HYPOTHESIS OF HYBRID SUKUK

JURISDICTIE ◽  
2020 ◽  
Vol 10 (2) ◽  
pp. 137
Author(s):  
Luthvia Moonda
Keyword(s):  
Economic Growth ◽  
Life Cycle ◽  
Financial Institutions ◽  
Financial Services ◽  
Net Present Value ◽  
Vital Role ◽  
Muslim World ◽  
Present Value ◽  
The Public ◽  
Life Cycle Hypothesis

The development of financial system recently has been contributing to the economic growth of the nation. Its vital role helps many financial institutions to advance their financial services, particularly in investment systems such as Sukuk. As seen in recent years, the involvement of Sukuk in many industries ranging from sovereigns to corporates for both Muslim and non-Muslim world companies. Although its popularity increases, it seems to be widely accepted that the insufficient structures of Sukuk become a big challenge to serve the public needs to be in compliance with Shari’ah principles. In an attempt to fulfil many financial companies in issuing Sukuk and the needs of the Muslim world, this study aims to provide the new structure of Sukuk. The study proposes a design of securitization by combining two contracts of Sukuk into one Sukuk structure. The constructed idea will use a model of life cycle hypothesis to support the Sukuk issuing companies in maintaining their incomes. It also explains the cycle cash flow and asset movement as well as the calculation of Net Present Value (NPV) of the project.

Life Cycle Cost Analysis Case Study on Corrosion Remedial Measures for Concrete Structures

2012 ◽  
Author(s):  
Jin How Ho ◽  
Azlan Abd. Rahman
Keyword(s):  
Life Cycle ◽  
Cost Analysis ◽  
Life Cycle Cost ◽  
Net Present Value ◽  
Cost Effective ◽  
Concrete Bridges ◽  
Analysis Tool ◽  
Life Cycle Cost Analysis ◽  
Remedial Measures ◽  
Present Value

Artikel ini membincangkan kajian ringkas berkaitan analisis kos kitaran hayat terhadap langkah-langkah pembaikan pengaratan bagi jambatan dan struktur marin konkrit yang terdedah kepada karbonasi atau serangan natrium klorida daripada air laut atau sumber-sumber lain. Perisian kos kitaran hayat, Bridge LCC 2.0 digunakan untuk menjalankan analisi kitaran hayat untuk tiga kes kajian melibatkan kaedah nilai bersih kini. Keputusan kajian menunjukkan analisis kos kitaran hayat berkeupayaan untuk membantu jurutera dan agensi pengangkutan dalam menilai keputusan penyelenggaraan yang efektif berkaitan dengan masalah pengaratan. Ia boleh digunakan sebagai alat analisis ekonomi kejuruteraan yang membantu mantaksir kos-kos perbezaan dan membuat pilihan terhadap langkah pembaikan pengaratan yang berkesan. Analisis kos kitaran hayat bagi langkah pembaikan dipengaruhi oleh banyak pemboleh ubah seperti kos permulaan, kos penyelenggaraan, tahun kekerapan, dan jangka masa analisis. Amalan terbaik untuk analisis kos kitaran hayat bukan sahaja mengambil kira perbelanjaan oleh agensi, tetapi perlu mempertimbangkan kos-kos oleh pengguna dan analisis sensitiviti di sepanjang jangka hayat sesuatu langkah pembaikan. Kata kunci: Analisis kos kitaran hayat, jambatan konkrit, pengaratan, langkah, pembaikan, pemulihan struktur, keberkesanan kos, kaedah nilai bersih kini (NPV) This paper discusses a short study on life cycle cost analysis (LCCA) on corrosion remedial measures for concrete bridges and marine structures, which are subjected to carbonation or ingress of sodium chloride from sea water and other sources. Life cycle costing software, Bridge LCC 2.0, was used to perform life cycle cost analyses on three case studies, based on net present value method. The analysis of the results showed that LCCA is capable of assisting engineers or transportation agencies to evaluate optimum maintenance decisions in corrosion–related problems. It can be used as an engineering economic analysis tool that helps in qualifying the differential costs and choosing the most cost–effective corrosion remedial measures. Life cycle costs for the remedial measures are influenced by many costing variables such as initial costs, periodic maintenance costs, frequency years and analysis period. The best practice of LCCA should not only consider agency expenditures but also user costs and sensitivity analysis throughout the service life of a remedial measure. Key words: Life cycle analysis, concrete bridges, corrosion, remedial measures, structural rehabilitation, cost-effective, net present value method (NPV)

scholarly journals IMPLEMENTASI LIFE CYCLE COST PADA GEDUNG BANK MANDIRI SYARIAH YOGYAKARTA

2020 ◽  
Vol 8 (1) ◽  
pp. 46-55
Author(s):  
Sola Fide Krisnanda
Keyword(s):  
Life Cycle ◽  
Cost Analysis ◽  
Life Cycle Cost ◽  
Net Present Value ◽  
Life Cycle Cost Analysis ◽  
Present Value

Dalam pembangunan sebuah gedung, pemilik gedung pasti dihadapkan dengan berbagai alternatif dalam melakukan pemilihan suatu material, produk ataupun sistem gedung. Selain aspek teknis, biaya pun turut menjadi aspek penting yang perlu menjadi salah satu pertimbangan. Untuk mengetahui pilihan alternatif yang lebih hemat diperlukan metode penghitungan, salah satunya adalah dengan menggunakan metode  analisis life cycle cost (LCC). LCC menghitung keseluruhan biaya mulai dari biaya awal, biaya penggantian serta biaya operasional dan pemeliharaan. Metode yang dilakukan pada studi ini menggunakan life cycle cost analysis berdasarkan ISO 15686:5 dengan periode 25 tahun. Net present value juga diterapkan dalam perhitungan untuk mencari nilai saat ini dari total LCC. Hasil perhitungan pada bangunan Bank Mandiri Syariah Yogyakarta dirumuskan menjadi tiga kelompok estimasi biaya yaitu biaya awal, biaya operasional dan biaya pemeliharan dan penggantian dengan besar biaya masing-masing Rp 19,412,002,758 (47%), Rp 15,979,434,435 (39%) dan Rp 5,868,499,911 (14%). Total LCC 25 tahun sebesar Rp 41,259,937,014.

scholarly journals Peranan Slik (Sistem Layanan Informasi Keuangan) Pada Pt. Bank Pembangunan Jawa Barat Dan Banten Kantor Cabang Pembantu Jalancagak

2020 ◽  
pp. 119-135
Author(s):  
Asep Sumarna ◽  
Ade Suparman
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Service System ◽  
Information Service ◽  
Development Bank ◽  
West Java ◽  
The Public ◽  
Exchange Information ◽  
Branch Office

Salah satu lembaga keuangan yang melayani masalah keuangan masyarakat yaitu PT. Bank Pembangunan Jawa Barat Dan Banten Kantor Cabang Pembantu Jalancagak berdasarkan data yang di peroleh terdapat beberapa kegiatan yang dilakukan PT. Bank Pembangunan Jawa Barat Dan Banten Kantor Cabang Pembantu Jalancagak yaitu menghimpun dana dan penyaluran kredit Peran bank dalam penyaluran kredit memang tidak bisa dipungkiri lagi bahwa merupakan usaha yang banyak   menghasilkan keuntungan atau return yang tinggi. Dalam hal ini Otoritas Jasa Keuangan atau yang biasa di sebut OJK selaku lembaga yang mempunyai peran mengawasi seluruh kegiatan lembaga keuangan yang ada di Indonesia meluncurkan sebuah sistem yang berbentuk aplikasi yang dinamakan dengan SLIK atau kepanjangan dari (Sistem Layanan Informasi Keuangan) yang diluncurkan dan digunakan secara meluas pada tanggal 1 januari 2018 untuk membantu pengawasan terhadap kreditur dan debitur dan dapat digunakan untuk bertukar informasi.   One of the financial institutions that serves the public financial problems, namely PT. West Java and Banten Development Bank Jalancagak Sub-Branch Office based on the data obtained there are several activities carried out by PT. West Java and Banten Development Bank Jalancagak Sub-Branch Office is to raise funds and credit distribution The role of banks in lending is indeed undeniable that it is a business that generates high profits or returns. In this case the Financial Services Authority or commonly called OJK as an institution that has the role of overseeing all activities of financial institutions in Indonesia launches a system in the form of an application called SLIK or stands for (Financial Information Service System) which is launched and used extends on January 1, 2018 to help supervise creditors and debtors and can be used to exchange information.  

scholarly journals Kajian Teknis Dan Ekonomis Penerapan Sistem Hibrid BAPV-PLN Pada Gedung Politeknik Aceh

2019 ◽  
Vol 2 (2) ◽  
pp. 166
Author(s):  
Rachmad Ikhsan
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Net Present Value ◽  
Present Value ◽  
Banda Aceh

<p>Potensi radiasi matahari yang cukup besar (rata-rata 4,65 kWh/m<sup>2</sup>/hari) di wilayah Banda Aceh dapat dimanfaatkan untuk membangun sistem hibrid BAPV (<em>Building Applied Photovoltaic</em>)-PLN. Namun, penerapan sistem konversi energi surya menjadi energi listrik kurang berkembang di Aceh. Kondisi ini disebabkan oleh harga teknologi modul surya masih dianggap mahal bagi masyarakat. Studi ini juga melakukan kajian secara teknis dan ekonomis dari sistem BAPV yang diterapkan. Kajian teknis yang digunakan bertujuan menentukan apakah jumlah energi yang dihasilkan oleh sistem BAPV dapat memenuhi jumlah beban listrik pada Gedung Politeknik Aceh. Sementara kajian ekonomis bertujuan memperkirakan biaya investasi yang diperlukan untuk menerapkan sistem BAPV dan menentukan kapan sistem BAPV bernilai ekonomis. Metode yang digunakan pada kajian teknis yaitu perhitungan secara teori, sedangkan metode yang digunakan untuk kajian ekonomis adalah metode <em>Life Cycle Cost</em>.  Dari hasil kajian teknis, energi yang dihasilkan oleh sistem BAPV ini dapat memenuhi kebutuhan energi listrik tahunan dengan <em>surplus</em> energi sebesar 6.017 kWh/tahun. Dari hasil kajian ekonomis, sistem ini bernilai ekonomis karena memiliki nilai NPV (<em>Net Present Value</em>) sebesar Rp. 1.310.803.600 dan  nilai PP (<em>Payback Periode</em>) selama 14 Tahun. Berdasarkan kajian teknis dan ekonomis dapat disimpulkan penerapan sistem hibrid BAPV-PLN ini dapat dilaksanakan karena bernilai ekonomis.</p>

scholarly journals Original Model for Estimating the Whole Life Costs of Buildings and its Verification

2019 ◽  
Vol 65 (2) ◽  
pp. 163-179 ◽  
Author(s):  
E. Plebankiewicz ◽  
K. Zima ◽  
D. Wieczorek
Keyword(s):  
Life Cycle ◽  
Input Data ◽  
Net Present Value ◽  
Model Development ◽  
Life Cycle Costs ◽  
Present Value ◽  
Initial Stage ◽  
Risk Effect ◽  
Comparison Of The Results ◽  
Building Life Cycle

Abstract The model for estimating the whole life costs of the building life cycle that allows the quantification of the risk addition lets the investor to compare buildings at the initial stage of planning a construction project in terms of the following economic criteria: life cycle costs (LCC), whole life costs (WLC), life cycle equivalent annual costs (LCEAC) and cost addition for risk (ΔRLCC). The subsequent stages of the model development have been described in numerous publications of the authors, while the aim of this paper is to check the accuracy of the model in the case of changing the parameters that may affect the results of calculations. The scope of the study includes: comparison of the results generated by the model with the solutions obtained in the life cycle net present value method (LCNPV) for time and financial input data, not burdened with the risk effect; the analysis of the variability of results due to changes in input data; analysis of the variability of results as a consequence of changing the sets of membership functions for input data and methods for defuzzification the result.

scholarly journals Benefit and Cost Periodized: Stretching Your Points

2021 ◽  
pp. 87-100
Author(s):  
Jo Erskine Hannay
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Net Present Value ◽  
Common Method ◽  
Present Value ◽  
Cost And Benefit ◽  
Good Case ◽  
Return Of Investment ◽  
Software Product

AbstractWhen you estimate the life cycle cost and benefit of your software product, your stakeholders should not only be assured that you will deliver value, but also be informed when that value is expected to manifest itself. Periodization is a common method for showing when a return of investment is expected, and one is often careful to express the present value of future cash (net present value) in such deliberations. This chapter shows how to carry out periodization using points. Periodized points then amount to plan templates that can be instantiated with monetary values according to most likely, bad-case, and good-case uncertainty assessments.

Protecting Public Interest in Financial Crisis

2016 ◽  
Vol 14 (1) ◽  
pp. 19-32
Author(s):  
Bojan Škof ◽  
Matej Pollick ◽  
Aleš Kobal
Keyword(s):  
Financial Crisis ◽  
Financial Institutions ◽  
Public Interest ◽  
Financial Services ◽  
The European Union ◽  
International Organisations ◽  
Social Reforms ◽  
The Public ◽  
Definition Of ◽  
The International Monetary Fund

The financial crisis has been ongoing from beginning of year 2008 and we still have not reached a point of recovery throughout the European Union. Many European countries, such as Greece, Portugal, Ireland, Spain and Cyprus, received the financial help of international organisations (notably the International Monetary Fund, the European Central bank and the European Commission). Taking into account the public interest as the ultimate goal and objective of the system-wide reforms arising from the start from the financial institutions, namely banks and other financial institutions, it is important to analyse whether the wide economic and social reforms which are still reshaping the democratic setup of these countries really met the public interest objectives. Thus, this article deals with first and foremost the definition of public interest in financial services.

Robust Constrained Optimization of Short- and Long-Term Net Present Value for Closed-Loop Reservoir Management

SPE Journal ◽  
2012 ◽  
Vol 17 (03) ◽  
pp. 849-864 ◽  
Author(s):  
C.. Chen ◽  
G.. Li ◽  
A.C.. C. Reynolds
Keyword(s):  
Life Cycle ◽  
Net Present Value ◽  
Production Optimization ◽  
Nonlinear Constraints ◽  
Present Value ◽  
Short Term ◽  
Linear And Nonlinear Constraints ◽  
Linear And Nonlinear ◽  
Reservoir Description

Summary In this paper, we develop an efficient algorithm for production optimization under linear and nonlinear constraints and an uncertain reservoir description. The linear and nonlinear constraints are incorporated into the objective function using the augmented Lagrangian method, and the bound constraints are enforced using a gradient-projection trust-region method. Robust long-term optimization maximizes the expected life-cycle net present value (NPV) over a set of geological models, which represent the uncertainty in reservoir description. Because the life-cycle optimal controls may be in conflict with the operator's objective of maximizing short-time production, the method is adapted to maximize the expectation of short-term NPV over the next 1 or 2 years subject to the constraint that the life-cycle NPV will not be substantially decreased. The technique is applied to synthetic reservoir problems to demonstrate its efficiency and robustness. Experiments show that the field cannot always achieve the optimal NPV using the optimal well controls obtained on the basis of a single but uncertain reservoir model, whereas the application of robust optimization reduces this risk significantly. Experimental results also show that robust sequential optimization on each short-term period is not able to achieve an expected life-cycle NPV as high as that obtained with robust long-term optimization.

scholarly journals Analysis of the Impact of Input Data on the Planned Costs of Building Maintenance

2021 ◽  
Vol 13 (21) ◽  
pp. 12220
Author(s):  
Edyta Plebankiewicz ◽  
Jakub Gracki
Keyword(s):  
Life Cycle ◽  
Input Data ◽  
Net Present Value ◽  
Legal Regulations ◽  
Present Value ◽  
Warranty Period ◽  
Building Maintenance ◽  
Durable Solutions ◽  
Polish Law ◽  
The Impact

The aim of the article is to analyze the method of determining the maintenance costs of buildings based on the method proposed in Polish legal regulations. The analysis of the sensitivity of the method shows that the assumed number of product use cycles during the calculation period has the greatest impact, while the adopted warranty period has the lowest impact. A multi-functional building combining housing, office, service and commercial was analyzed in order to obtain a broader picture of the model’s operation. The results of the analyses allow us to conclude that despite the higher price of materials, the most durable solutions, which are the most expensive to purchase, turn out to be the most advantageous in the entire life cycle of the building. The method proposed in Polish law regulations has certain limitations. In order to level them, it was proposed to extend the method by using NPV (Net Present Value) for calculations and extending the life cycle of the building to 80 years.

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