Digital Integration, Success Story of Accelerating Business Integration of Two Biggest Midstream-Downstream Natural Gas Company in Indonesia

To achieve 24% portion of natural gas in targeted national energy mix in 2050, Indonesia government has integrated Pertagas, biggest transmission company into PGN, biggest distribution company under Oil & Gas Holding Pertamina. But survey from PWC in 2004 resulted that around 75% post-merger companies reported integration difficulties, especially both companies have long history of competition. Even more, government mandated 6 USD gas price policy at plant gate, which create enormous urgency to accelerate pipeline and digital integration in the most efficient way. Especially, in this pandemic era, midstream industry needs to foster digital transformation by rethinking outdated business models and strategically applying technology to change rather than focusing on simply cutting costs. From this integration, Pertagas with more than 2,418 km pipeline in 12 provinces spread from Sumatra, Java and Kalimantan has a big potency to be synergized with PGN, as Sub Holding Gas with the total of 10,169 km of pipeline which represent 96% of national gas infrastructure. During 2020. Both companies resulted more than 1.255 MMSCFD of transported gas and 828 BBTUD of sales gas to more than 460 thousand customers. So, PGN and Pertagas management has high expectation on this digital integration to transform from previous fragmented pipeline to be interconnected network to give flexibility in reaching unmet growing demand of strategic industry like refinery, fertilizer, electricity, steel and petrochemical in post-COVID recovery. In this paper, will be described the challenges and its solutions as a success story in digital integration. The important steps start from strategy development, digital assessment, creating coalition, culture acculturation, and change management are explained as guiding pathway for sustainable implementation. It will also portray the measured benefit and value from investment cost efficiency, time effectiveness from the initiation until launched, billing improvement, product development, and up to developed real-time integrated management dashboard for better decision making and part of the milestone for future National Dispatching Center for optimizing Sub Holding Gas portfolio of gas supply and subsidiary's infrastructure to meet growing Indonesia's demand.

‘Overuse-charge’ agricultural water price mechanism in groundwater overdraft areas

The irrigation water price is an indispensable element for the modernization of agriculture and the realization of rural revitalization. As a pilot initiative for agricultural water price reform, Hebei Province has explored various effective patterns. This study analyzed 714 first-hand data points obtained from agricultural irrigation areas in Hebei Province. The ‘two lines and three grades’ water price policy is difficult to implement in practice. The ‘overuse-charge’ includes two levels of water use standards, the water price and reward standards in each level are inconsistent, especially, actual irrigation water use far more than Individual Allowable Water Volume (IAWV). Similarly, there is a negative relationship between irrigation water use and water fees at the critical point of IAWV, that is, the more water used, the less water fees paid. The ‘one line and two grades’ water price policy is proposed. The water volume less than the irrigation quota should be purchased by the government or rewarded farmers, on the contrary, the water price should be increased. It is suggested to improve the installation of irrigation metering facilities, popularization of field water-saving technology and quota management in the groundwater water irrigation region.

Methodology of system analysis for research of energy efficiency problems in Ukraine

The results of the research on the application of a systematic approach to solving energy efficiency problems in Ukraine are presented. The reasons for restraining the level of energy efficiency are highlighted, among which are the hollowing: ineffective policy of incentives to reduce energy consumption; lack of investments and conditions for their attraction; inefficient tariff and price policy in the energy sector of the economy, non-compliance with regulations, programs of various levels and measures. The need to increase the level of energy efficiency in Ukraine is substantiated and a system analysis is proposed to solve this problem. The methodology of systems analysis is implemented using a systems approach, in particular, to the interpretation of the process of energy efficiency development as an open, nonlinear, complex system. As an element of systems analysis, the study uses a multilevel approach, which provides an opportunity to consider the object of study at different hierarchical levels: the international community, state, industry, region and individual. It is noted that in order to successfully develop the progress of energy efficiency in Ukraine, it is necessary to take into account global trends and recent large-scale changes in this area. Examples of progress realization at the state level are given, in particular, implementation of a large number of legal acts, a number of stimulating measures for energy saving, etc. The importance of the sectoral level to increase energy efficiency in Ukraine is indicated. The importance of energy efficiency potential at the regional level is emphasized, which can give a significant boost to its entire economy and significantly improve the lives of the population. The importance of optimizing the process of energy efficiency at the level of various institutions is presented; as one of the options for solving this problem, it is proposed to popularize its benefits both among the population and the individual. The multilevel approach to energy efficiency in Ukraine proposed in the study presupposes an integrated combination of efforts at different levels and a synergistic effect of solving the problem. Key words: energy efficiency, system, multilevel approach

The Effect Of Price Policy And Experiential Marketing On Repurchase Intention Mediated By Customer Satisfaction (Study at PT. Maybank Indonesia Finance Regional Jakarta)

The increase in the number of motorized vehicles can be seen from the data released by the Central Statistics Agency (BPS) explaining that in 2019 the number of vehicles spread in Indonesia reached more than 133 million units where this number increased by around 5.3% compared to the previous two years. The distribution of the total number of vehicles consists of motorcycles, private cars, freight cars and buses. Of the total number of vehicles circulating in Indonesia in 2020, DKI Jakarta contributed about 17% or 20 million vehicles to the total, where the number of vehicles also increased very significantly compared to the previous year. Another surprising fact is that the number of vehicles circulating in Jakarta exceeds the population of Jakarta based on population census data in 2020 which only reached 10.56 million people. However, in 2020 a decline in sales in new car transactions due to the Covid-19 pandemic was also unavoidable so that it became a challenge for PT Maybank Indonesia Finance, especially for customers who had already made transactions, of course, to maintain retention from these customers so that the intention to make transactions emerged. /buyback through PT Maybank Indonesia Finance, which this requires appropriate and effective strategies. This research is a quantitative study with 111 respondents spread across DKI Jakarta, using SMARTPLS 3.3 data processing. The results of the study show that all of the hypotheses studied in this study have a significant influence, so that PT Maybank Indonesia Finance must pay attention to many things to maintain customer retention for re-transactions.

The Effect Of Price Policy On The Production And Breeding Of large Sheep flocks In Anbar Governorate (Al-Rutba District, an applied model)

Livestock constitute an essential and important part of the agricultural sector, and sheep are the mainstay in livestock, as their products come to the fore; Being an essential source of daily food; And because they also have a high nutritional value compared to plant products, and sheep are characterized by being highly efficient in food conversion, as it was mainly relied on the data obtained from the questionnaire form, where a random sample was taken of 20 sheep breeders whose sheep number exceeds 500 head of sheep. The results of this study showed that the transfers of traded inputs (J) with a negative sign, amounting to about (-9008) thousand dinars, which indicate that the social prices of traded inputs (F) are greater than private prices (B), which means that there is real support for the inputs. Stores within the applicable policy. The transfers of local resources (K) came with a negative sign and a value of (18249-) thousand dinars, which indicates the existence of support for local resources because their value at social prices is higher than their value at private prices, meaning that the protection is negative for the local product, while between the nominal protection coefficient for traded inputs which appeared With a positive value less than the correct one, its value amounted to (0.88), which indicates that the prices of traded inputs are lower than the prices of their international counterparts, and this confirms the existence of real support provided for these inputs by the state, and the cost factor of the local resource (comparative advantage factor) also appeared. With a positive sign, its value amounted to (0.24), which means that the Iraqi product has a comparative advantage and efficiency for its local production of sheep, while between the effective protection factor, which came with a positive value, its value was (0.30), which is less than one. This means that local producers receive their returns in the event that there are The price intervention policy is less than returns in the absence of it, and it showed that it is less than the right one, that is, the commodity system loses its profits in favor of other sectors.

Mediasi Corporate Image pada Hubungan Price Policy dengan Keputusan Pembelian

This research on the effect of price policy on purchasing decisions through corporate image mediation aims to analyze how much influence is generated by the price policy mediated by corporate image on purchasing decisions. To achieve this goal, the research method used is quantitative. The sampling technique uses accidental random sampling technique and the number of samples used is 100 respondents. Data analysis techniques using SmartPLS. The independent variable in this study is the price policy while the dependent variable is purchasing decisions, and the corporate image mediation variable. Primary data is obtained through Matahari Department Store visitors and of course the local community. Based on data analysis, it is revealed that the price policy does not significantly affect on purchasing decisions. However, the pricing policy significantly effect on corporate image. Meanwhile, corporate image significantly affect on purchasing decisions and price policy significantly effect on purchasing decisions that are mediated by corporate image. The findings of this research provide interesting information because corporate image not only affects purchasing decisions, but also mediates the effect of price policies on purchasing decisions.

CURRENT TRENDS IN PRICE POLICY AND METHODS OF PAYMENT IN THE HOSPITALITY INDUSTRY

In the hospitality industry, pricing policies and payment methods are and have always been common in the tourism market for organizing a safe, successful, and revenue-generating activity. The wish of being the best on the market is always actual, so the entrepreneur wants to use various strategies to promote their product by applying a convenient price but also to meet customer preferences the way that the applied pricing policy applied guarantee the success of the hotel business. Identifying and researching the pricing policy within the hotel industry but also highlighting the most modern payment methods used between customer-enterprise that ensures data confidentiality and fast, secure payment of services consumed remotely without direct interaction has become a well-defined goal in this article. The main objective of this article is to analyze the strategies for creating price offers, as well as to analyze the importance of reservation systems (IDS) in creating the discounts that will form the individualized pricing policy of the hotel enterprise. Determining all payment instruments and their characteristics in hotel enterprises has become another well-defined goal. The price policy is one of the most important elements of the overall business strategy, being one of the mechanisms by which decisions are made on the main types of markets to achieve the stability objectives of economic activity.

The Impact of Target Price Policy on Cotton Cultivation: Analysis of County-Level Panel Data from China

China is an important cotton production area in the world. Since 2014, China has implemented a cotton target price subsidy policy in Xinjiang for 7 years. As the policy implementation time has lengthened, some deep-seated problems have started to emerge. Therefore, it is necessary to summarize and evaluate to clarify the future policy direction of the cotton target price subsidy policy. Based on county-level panel data of Xinjiang and Shandong from 2011 to 2018, this paper used the Propensity Score Matching—Difference in Difference method to analyze the impact of the implementation of cotton target price subsidy policy on cotton planting in Xinjiang. The results showed that: (1) after the implementation of the cotton target price subsidy policy, cotton production was stimulated by the transition, cotton producers’ enthusiasm for cotton production was higher, cotton production increased rapidly, and the yield per unit area decreased, indicating that there was a 'bubble' in cotton cultivation. (2) The target price subsidy policy mainly achieves the expansion of the cotton planting scale by reducing the area of competitive crops. In view of the above research conclusions, this paper further explains its policy implications. It is proposed that the future cotton target price level should be formulated to fully consider the comparative benefits between different crops, to restrict the subjects that enjoy subsidies and the upper limit of subsidies, and strictly implement the concept of green development; it is necessary to guide cotton production out of ecologically vulnerable areas.

The Effect of Product Quality and Price Policy On Consumer Loyalty Through the Variables of Customer Satisfaction Ulamm Pt. Permodalan Nasional Madani (Persero) Bekasi Branch

This study aims to determine the effect of product quality on consumer loyalty, the effect of price policy on consumer loyalty, the influence of consumer satisfaction on consumer loyalty, the influence of product quality on customer satisfaction, the influence of price policy on consumer satisfaction, the influence of product quality on consumer loyalty through the variable customer satisfaction, and knowing the effect of price policy on consumer loyalty through customer satisfaction variables. This research was conducted at Pt. Permodalan Nasional Madani (Persero) Bekasi branch involving 98 consumers of the company. Data analysis used path analysis with partial least square (PLS) model with t-test. Based on data analysis, it is found that product quality has a significant effect on consumer loyalty. The analysis in this path is the effect of product quality on consumer loyalty. Price policy has a significant effect on consumer loyalty. Satisfaction has a significant effect on consumer loyalty. The analysis in this path is the effect of customer satisfaction on customer loyalty. Product quality has a significant effect on satisfaction. The analysis in this pathway is the effect of product quality on customer satisfaction. Price policy has a significant effect on satisfaction. Analysis in this pathway is the effect of price policy on customer satisfaction. The consumer satisfaction variable is not a moderating variable. The analysis on this path is the effect of product quality on consumer loyalty through customer satisfaction. The consumer satisfaction variable is not a moderating variable. The analysis in this path is the effect of price policy on consumer loyalty through customer satisfaction.