scholarly journals Solusi atas Permasalahan Pengawasan dan Penagihan Outstanding Premi Asuransi Syariah di Indonesia

AL-TIJARY ◽  
2020 ◽  
Vol 5 (2) ◽  
pp. 89-108
Author(s):  
Bambang Dwi Handoko ◽  
Achmad Firdaus
Keyword(s):  
Internal Control ◽  
Quantitative Method ◽  
Analytic Network Process ◽  
Short Term ◽  
Operational Effectiveness ◽  
Billing System ◽  
General Insurance ◽  
Network Process ◽  
Islamic Insurance

Islamic Insurance has to increase its profit, especially premium as the main income to maximize the profit. It’s also the purpose of the Sharia Unit Bumiputera Muda 1967 General Insurance. Therefore, it needs strategies and efforts and minimizes the obstacles. One of them is the premium receivables that have matured but not collected or called the outstanding premium. This study aims to analyze problems of the premium receivables that have matured but not collected or called the outstanding premium. Therefore, it needs strategies and efforts and minimizes the obstacles. This study uses a qualitative-quantitative method using Analytic Network Process (ANP). The analysis is focused on internal-external problems and short-term-long term solutions from Sharia Unit Bumiputera Muda 1967 General Insurance that are expected to overcome these problems. The results showed that the most priority problem is internal problems, as follows: premium payment and billing system, internal control, and less effective business processing. Meanwhile, the most priority solution is short-term, as follows: communication and confirmation, performance and operational effectiveness, and structural appreciation and punishment. The results are expected to be implemented by insurers and support the regulator to establish specific policies related to this issue.

An Analytical Model for Evaluating Wind Turbine Types

2014 ◽  
Vol 543-547 ◽  
pp. 333-336 ◽  
Author(s):  
Amy H.I. Lee ◽  
Meng Chan Hung ◽  
W.L. Pearn ◽  
He Yau Kang
Keyword(s):  
Decision Making ◽  
Renewable Energy ◽  
Evaluation Model ◽  
Renewable Energy Sources ◽  
Multiple Criteria Decision Making ◽  
Analytic Network Process ◽  
Renewable Energy Resources ◽  
Network Process ◽  
Term Energy

With worldwide developments stressing the security, economy, human well-beings and environmental costs of relying heavily on fossil and nuclear energy, the demand of safe renewable energy resources is expanding consistently and tremendously in recent years. With its safe and environmental characteristics, wind energy production has become one of the fastest growing renewable energy sources in the world. While new wind power capacity is being added in more places in various countries, the installation of wind turbines is an important process for long-term energy generation. In this study, an evaluation model, which incorporates multiple criteria decision making (MCDM) methods, including decision making trial and evaluation laboratory (DEMATEL) and fuzzy analytic network process (FANP), is developed to establish interactive relationships between criteria. Fuzzy Yager ranking method is used for deffuzification. The final ranking of the alternatives is obtained, and this can provide decision-makers for references.

scholarly journals A Computation Model for Planned and Functional Systems using Enterprise Information Technologies

2019 ◽  
Vol 9 (2) ◽  
pp. 4371-4375
Keyword(s):  
Information Technologies ◽  
Large Scale ◽  
Short Term ◽  
Real World Data ◽  
Enterprise Information ◽  
Medium Scale ◽  
Network Process ◽  
The Stability ◽  
Financial Losses

All the large scale and medium scale companies have the anticipation of obtaining long term benefits perhaps of short term financial losses, probable breakdown as well. For that Enterprise Information Technologies (EIT) put into service by many large scale and medium scale companies in an increasing number in the expectation of achieving long term benefits. EIT is a very costly and risky asset of Information Technology and the assessment is done based on the increase in the production and the reinforcement of corporate restructure through the business integration process. To work out this, we propose Analytical Network Process (ANP) to handle distinguished assessment of associated set of evident, critical and operational attributes. To illustrate the stability and the consequential administrative significance, we perform analyzes and carry out experiments with real-world data.

scholarly journals Takaful Models: Their Evolution and Future Direction

ICR Journal ◽  
2016 ◽  
Vol 7 (4) ◽  
pp. 457-473
Author(s):  
Mohammad Mahbubi Ali
Keyword(s):  
Financial Industry ◽  
Short Term ◽  
Muslim Countries ◽  
Operational Models ◽  
Future Direction ◽  
Islamic Insurance

Takaful (Islamic insurance), being an important emerging sector in the Islamic financial industry, has exhibited remarkable growth across the globe over the last few decades. This indicates an enormous demand for takaful products, from short-term general takaful to long-term family takaful. As a result, takaful has attracted sizable attention from both Muslim and non-Muslim countries. Nevertheless, the industry continues to experience a plethora of contentious issues in its operational models. The present study explores the evolution of takaful models and their future direction.

Suppliers Selection for Sazeh Gostar Saipa Co. Using a Combination Approach of Analytic Network Process and Goal Programming

2013 ◽  
Vol 4 (1) ◽  
pp. 14-34
Author(s):  
Hassan Farsijani ◽  
Mohsen Shafiei Nikabadi ◽  
Reza Malmir ◽  
Fatemeh Shakhsian
Keyword(s):  
Goal Programming ◽  
Supplier Selection ◽  
Analytic Network Process ◽  
Corporate Strategies ◽  
Top Managers ◽  
Network Process ◽  
Selection Decision ◽  
Selection For ◽  
Combination Approach

Strategic evaluation and supplier selection, or strategic supply, is a main subject of supply chain management. Strategic evaluation and supplier selection is a multi-criteria decision problem, considering both tangible and intangible criteria and organizations are seeking various and sometimes opposite objectives in purchasing from suppliers. As the increasing rivalry in Iran’s auto industry, producers and suppliers face several challenges. Sazeh Gostar Saipa Co., the main supplier of Saipa automobile maker firm, is not exempt of this norm. Top managers of the company believe that the best supplier selection for long-term cooperation is vital for the implementation of corporate strategies. In this paper, using decision technique of Analytic Network Process (ANP) and Base Overhead Cost Recovery (BOCR), 20 tangible and intangible operational and strategic criteria are considered in the supplier selection decision through a suggested methodology. Different organizations’ goals in purchasing from suppliers that are ranked in the previous stage are formulated to determine the amount of supply allocation to each supplier based on goals. The innovation aspect and main goal of the research are suggesting a methodology for selecting suppliers and determining the amount of allocated orders to them with combining ANP method, BOCR structure and goal programming in Sazeh Gostar Saipa Co.

PENGARUII CORPORATE GOWRNANCE TERIIADAP STRUKTUR MODAL DAN KINERJA PERUSAHAAI\: STUDI EMPIRIS PADA FAMILY BASINESS GROUP YANG TERDAFTAR DI BURSA EFEK JAKARTA

2007 ◽  
Vol 2 (1) ◽  
pp. 23
Author(s):  
Freddy Iston Hasil Marbudi Pangaribuan
Keyword(s):  
Capital Structure ◽  
Internal Control ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Short Term ◽  
Internal Mechanism ◽  
Big Six ◽  
The Relationship

The aim of this research is to examine the effect of corporate governancet's internal mechanism that ls institutionii o*r"rriip, oi both firm performance and firm capital structure. To the extent, the moderating effect of managerial ownership on the relationship between institutional ownership,-fir* performance and capital structure wilt be examined as well.The sample of this research is drar,vn fro* companies within the big six family,owned business in Indonesia, which are listed at The Jakarta Stock Exchange fro* 1998 until 2005. Using the Moderated Regression Analysis (MRA),. the result shows that both institutional and managerial ownership fail to demonstrate the direct and moderated effect on both performance and capital structure. These findings suggest that the froil of economic, social and political circumstances create the "short term-focused" toward investment return. Moreover, the slow achiqement of collusion, corruption, and nepotism (KI< I) eradication has resulted in sudden-withdrawal of investor's investment. Hence, the internal control mechanism of corporate governance which is long-term focused and associated with KKI{ eradi cation cannot b e su cc es sfully impl em ent ed.Keywords: Institutional ownership, managerial ownership, performance,capital structure

Potential Functional and Dysfunctional Effects of Continuous Monitoring (Retracted)

2008 ◽  
Vol 83 (6) ◽  
pp. 1551-1569 ◽  
Author(s):  
James E. Hunton ◽  
Elaine G. Mauldin ◽  
Patrick R. Wheeler
Keyword(s):  
Internal Control ◽  
Continuous Monitoring ◽  
Internal Audit ◽  
Theory And Practice ◽  
Short Term ◽  
Corporate Managers ◽  
Managerial Decisions ◽  
Monitoring Frequency ◽  
Research Findings

ABSTRACT: The trend toward continuous monitoring of automated business transactions by the internal audit function is growing as organizations seek to improve internal control. In this study, we demonstrate that continuous monitoring and the time horizon over which performance-contingent incentives are based can interact, thereby yielding potential functional and dysfunctional effects on managerial decisions. Seventy-two experienced corporate managers completed a between-participants experiment that randomized monitoring frequency (periodic or continuous) and incentive horizon (short-term or long-term). We found that earnings management of real activities significantly decreased as the frequency of monitoring increased in the presence of a short-term incentive horizon—a functional effect. However, with a long-term incentive horizon, the participants’ willingness to change the current level of investment in a risky but viable project significantly dropped as the frequency of monitoring increased, even though additional investment would enhance the likelihood of the project’s eventual success—a dysfunctional effect. We also observed that more frequent monitoring significantly decreased the willingness of managers to continue with a risky but viable project regardless of incentive horizon and the effect was significantly pronounced in the presence of a short-term, relative to long-term, incentive horizon—another dysfunctional consequence. Implications of the research findings to theory and practice are discussed.

scholarly journals Muzakki's Commitment Improvement Model in Distributing ZIS Funds Through Prosocial Values Behavioral Approach

2021 ◽  
Vol 9 (2) ◽  
pp. 217
Author(s):  
Ira Murwenie ◽  
Nanang Fattah ◽  
Kusnendi Kusnendi ◽  
Mokhamad Adib Sultan ◽  
Lili Adi Wibowo
Keyword(s):  
Development Strategy ◽  
Survey Design ◽  
Analytic Network Process ◽  
Behavioral Approach ◽  
Service Development ◽  
Use Of Technology ◽  
Network Process ◽  
The Government ◽  
Islamic Insurance ◽  
Strategic Policies

<p><em>The presence of Islamic insurance is an alternative, in order to avoid conventional insurance which is considered to have elements of usury, maytsir, gharar and zholim. In the era of economic disruption, Islamic insurance players and customers are waiting for the direction of strategic policies from the government as regulator and facilitator. The formulation of a sharia insurance development strategy policy begins with analyzing the obstacles to developing sharia insurance in Indonesia. These constraints mean that the number of sharia insurance customers in Indonesia is not maximal. These obstacles include the lack of socialization and promotion, inadequate use of technology, lack of product and service development, lack of knowledge, and the existence of conventional insurance. Based on these constraints, strategies for developing sharia insurance in Indonesia that can be carried out include maximizing socialization and promotion, maximizing the use of technology, developing products and services, increasing literacy, and market penetration. This research is aimed at analyzing the constraints and development strategies of Islamic insurance using a mathematical method, namely the Analytic Network Process (ANP) method, so that policy recommendations are supported by scientific studies. Furthermore, in this study the ANP method was adopted in a survey design involving a number of respondents. The heterogeneity of the assessments of a number of respondents is expected to provide a more rational alternative. The results of the analysis using the ANP method are priority constraints in order to get more attention and priority strategies that can be used to formulate policies to make them more focused.</em></p>

scholarly journals The Implementation of Good Corporate Governance to Develop Islamic Micro Insurance In Indonesia

2019 ◽  
Vol 12 (2) ◽  
pp. 189
Author(s):  
Irman Firmansyah
Keyword(s):  
Corporate Governance ◽  
Internal Control ◽  
Analytic Network Process ◽  
Training And Education ◽  
Qualitative Approaches ◽  
Good Corporate Governance ◽  
Governance Model ◽  
Network Process ◽  
Micro Insurance ◽  
Corporate Governance Model

<em>This study is aimed to find the best model in order to create Good Corporate Governance (GCG) for Islamic micro insurance development. The research methodology employed in this study was Analytic Network Process (ANP) using quantitative and qualitative approaches. The informants of this consist of practitioners, academia, and researchers who have good understanding of the problem. The finding of this study shows that the priority to embody good corporate governance principle in order to develop Islamic micro insurance in Indonesia namely, responsibilities, followed by equality and fairness, independences, accountability and transparency. In addition, the priorities of strategies that can be implemented to optimize GCG implementation are training and education for human resources, followed by focus on internal control mechanism, and the third is good corporate governance implementation in each level. The finding of this study also contributed to the best model of good corporate governance model to enhance Islamic micro insurance in Indonesia.</em>

scholarly journals The Implementation Strategies of Good Corporate Governance for Zakat Institutions in Indonesia

2017 ◽  
Vol 2 (2) ◽  
pp. 85-97
Author(s):  
Irman Firmansyah ◽  
Abrista Devi
Keyword(s):  
Internal Control ◽  
Asset Management ◽  
Audit Committee ◽  
Good Governance ◽  
Implementation Strategies ◽  
Analytic Network Process ◽  
Common Interest ◽  
Equal Treatment ◽  
Network Process

Zakat institutions are aimed to contribute to poverty alleviation in a country. In order to ensure that the Zakat institutions can perform well, it is urgently needed to have professional good governance. This research is aimed to find the best strategies to improve the management quality of the Zakat institutions in Indonesia. The research method used in this study comprises both qualitative and quantitative approach using Analytic Network Process. The research results show that to enhance the quality of good governance in Zakat institutions, following are the key elements. The top three main priorities in transparency principles are financial report standardization, followed by Zakat distributions transparency, and the knowledge about decision making. The top three main priorities in responsibilities principles are working compliance with SOPs, followed by prudential principles, and Shari'ah compliance. The top three main priorities in accountability principles are the effectiveness of internal control, followed by performance measurement, and competencies compliance with job descriptions. The top three main priorities in fairness principles are giving priority to the common interest, followed by equal treatment for all stakeholders, and prudential principles in asset management. To achieve all these priorities, the main strategy which should be prioritized is independent human management system, followed by having Shari’ah board and audit committee and the computerized Zakat system. Keywords: Zakat institutions, Good Governance, Analytic Network Process JEL Classification: L31, G34

scholarly journals A research on internal control, cash dividends and enterprise performance based on economic consequences

Filomat ◽  
2016 ◽  
Vol 30 (15) ◽  
pp. 4223-4234
Author(s):  
Yilin Wang ◽  
Lei Ruan
Keyword(s):  
Internal Control ◽  
Positive Impact ◽  
Investment Decision ◽  
Synergetic Effect ◽  
Research Process ◽  
Practical Significance ◽  
Enterprise Performance ◽  
Cash Dividend ◽  
Short Term

Whether internal control and cash dividend will have an interactive synergetic effect on enterprise performance or not is a study of both theoretical value and practical significance. Consequently, this article adopts a two-stage investment decision research process, explains the complex theoretical relationship among internal control, cash dividend and enterprise performance and, taking the Chinese A-share motherboard as an example, further explores their interactive synergetic effect. The research concludes that: (1) Internal control and cash dividend can contribute to the improvement of both short-term and longterm enterprise performance; (2) Internal control and cash dividend do have a significant synergetic effect, however there is a large disparity between the synergetic effect on short-term and long-term enterprise performance. In addition, the study finds that internal control and cash dividends are mutually regulative, thereby diminishing the positive impact on short-term enterprise performance and conversely enhancing the positive impact on long-term enterprise performance respectively.

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