Optimizing Inventory Classification and Service Levels Under Budget and Warehouse Space Control

There are several techniques of inventory classification and prioritization based on a single criteria, bi-criteria, or multiple criteria; however, managing inventory can fail when trying to fit inventory classes into the operating budget and available warehouse space. This research focuses on optimizing inventory classes and determining an optimal service level of each class while simultaneously satisfying operating budget and space constraints. The idea is to help decision makers to effectively rank and group SKUs and manage them within the constraints while satisfying customers. This proposed methodology is an optimality-based approach that uses mixed integer linear programing to solve the problem. Computational experiments are conducted to illustrate the proposed method. Results are compared with a classical ABC inventory analysis.

The Infrastructure Development Compatibility To Enhance Community Welfare

This paper aims to describe and analyze the regulations, the interest of actors and the budgets compatibility between the central government, regional governments in infrastructure development of Rokan Hilir District. This research uses a descriptive approach, with qualitative research methods. The research findings show that there is no compatibility between the regulations of the central government and regional governments, therefore the regulations made by the central government cannot be carried out effectively and there are also conflicts with the wishes of local communities. The central government prioritizes the interests of the country as a whole rather than the interests of the people in the region. Infrastructure development in Rokan Hilir Regency is strongly influenced by the Executive Actor and Political Actor (Legislative). The 2012 fiscal year to 2017 indicated that the operating budget is greater than the development budget, this is happened due to the siphoning of the budget to pay the salaries of temporary workers, and other routine expenditures. The implication is that Rokan Hilir Regency unable to carry out some physical development (infrastructure).

Disproportionate Burden: Estimating the Cost of FAFSA Verification for Public Colleges and Universities

Verification is a federally mandated process that requires selected students to further attest that the information reported on their Free Application for Federal Student Aid (FAFSA) is accurate and complete. In this brief, we estimate institutional costs of administrating the FAFSA verification mandate and consider variation in costs by institution type and sector. Using data from 2014, we estimate that compliance costs to institutions in that year totaled nearly US$500 million with the burden falling disproportionately on public institutions and community colleges, in particular. Specifically, we estimate that 22% of an average community college’s financial aid office operating budget is devoted to verification procedures, compared with 15% at public 4-year institutions. Our analysis is timely, given that rates of FAFSA verification have increased in recent years.

Daily Tutor Scheduling Support at Hopeful Journeys Educational Center

Hopeful Journeys Educational Center faces a daily task of assigning tutors to students subject to myriad complex rules and restrictions. The organization’s mission, which is to provide individualized education to students with autism spectrum disorders and other developmental disabilities, as well as its limited operating budget and day-to-day resource/demand variability, makes this a uniquely challenging scheduling problem. When we first communicated with Hopeful Journeys, the organization was in critical need of an efficient methodology for producing daily schedules to replace its existing time-consuming and error-prone manual approach. This paper describes the fully open-source, Excel-based optimization tool we developed to support Hopeful Journeys’ mission. Our work illustrates the potential to use freely available operations research tools within a “rapid prototyping” approach to provide immediate impact to organizations that lack the resources to utilize commercial software or professional consultants.

Pengawasan Biaya Operasional pada UD. Saroha Serbelawan

For companies engaged in providing services, operational costs are a very influential element for the formation of corporate profits. Similarly, the UD. Saroha Serbelawan, so that the management and use of operational costs in this company are always monitored from period to period with a continuous monitoring system to maintain the creation of efficiency and effectiveness of work and to see the responsibility of each part in the deviation that occurs in the use of operational costs. After conducting a review and research on UD. Saroha Serbelawan, it can be seen that in the period of 2004 the company experienced a problem, namely the realization of operating costs in 2004 deviated from a sufficient amount of material from the company's operating budget. " To prove the truth and reality of the company, direct research is carried out in the field to obtain data related to the problem and then conduct library research to obtain theoretical materials as a basis for analyzing and evaluating problems that occur. As for suggestions - suggestions that can be made on the conclusions of the problem that occurs is that in each preparation of operational costs should the company conduct a more careful study of all factors that affect operational costs both internal and external factors and then followed up by increasing supervision of management and use of operational costs, mainly through accounting oversight by creating a more in-company accounting system.

ANALISA ANGGARAN DAN REALISASI DENGAN METODE VARIANS TERHADAP LAPORAN LABA RUGI (Studi Kasus pada PT. J Darmawan Venture Capital)

The purpose of this study was to determine how the operating budget budgeting income consisting of revenues, expenses , and net income (loss) .In practice, only the operating budget prepared by the realization last year's budget , the activities to be carried out and the predictions / assumptions that would come to cause significant variance in the number and the lack of evaluation for the problem. Evaluations are made to the budgeting process and the cause of the difference . It can also be done to determine the difference is still within the control of management of the company or not.The main thing of this study were ( 1 ) Identify the budgetary process at PT. J Darmawan Venture Capital , ( 2 ) analyzing the causes of the difference in the operational budget PT. J Darmawan Venture Capital , and ( 3 ) Evaluate the management control of PT . J Darmawan Venture Capital for the difference in the operating budget .Data used in this study is primary data and data secondary . The primary data obtained from interviews with financial managers and the financial staff PT. J Darmawan Venture Capital . Secondary data were obtained from official documents data collection owned by PT. J Darmawan Venture Capital associated with the financial data in the form of operating budget ( income and expenses ) and its realization in 2011-2013 as well as theoretical materials such as literature , textbooks , reference , and information relevant to the operational budget will be used as the basis and foundation guidelines think this study. The method used is quantitative descriptive analysis and analysis of variance.The result of research shows that one of the controlling process is analysing variance by compare budgeting and realize that we know the favourable variance or unfavourable variance and corrected if we were need. The use budget must be followed wih deppen variance analysing in order to find out the cause of tendency so that in the future we can take the step that we need to minimize unfavourable variance.Keywords : budgetting , income statement , analysis of variance