Supplier Selection for Food Industry: A Combination of Taguchi Loss Function and Fuzzy Analytical Hierarchy Process

Supplier selection is an important part of supply chain management process by which firms identify, evaluate, and establish contracts with suppliers. Deciding the right supplier can be a complex task. As such, various criteria must be taken into account to choose the best supplier. This study focused on the supply in the packaging division of a food industry in Denpasar-Bali. A combination of Taguchi Loss Function and fuzzy-AHP (Analytical Hierarchy Process Fuzzy Linear Programming) was used to determine the best supplier. In this analysis, several suppliers’ criteria were considered, namely quality, delivery, completeness, quality loss and environmental management. By maximizing the suppliers’ performances based on each criterion and aggregating the suppliers’ performances based on the overall criteria, the best supplier was determined. Keywords: supplier selection, taguchi loss function, AHP, fuzzy linear programming,environmen

Online Self Assessment and Peer Assessment of Students Teamwork: Evidence from Accounting Information System Discipline

This research was conducted to find out the extent to which a College Instructor can depend on peer evaluation of students as an accurate reflection of the contribution of each team member on the Team Project. This study used two approaches, namely quantitative and qualitative approaches. Quantitative approach is carried out to find out whether there is a difference between the assessment of group friends during the process of making project report and performance of their teamwork during the presentation. This is to see whether the assessment by the lecturers is sufficient to assess the contribution of each team member. Then, to find out if the Peer Assessment is fair, the Peer Assessment will be compared to Self-Assessment, whereby students were given the opportunity to assess their own contributions in the Team. Qualitative approach is carried out to see how students perceive the implementation of Peer assessment and Self-Assessment to determine the contribution of each member to the Team. Keywords: Accountant, Peer Assessment, Self-Assessment, Online Assessment. DOI: 10.7176/RJFA/10-10-05 Publication date:May 31st 201

Abnormal Return in Growth Incorporated Value Investing

Two main types of investing strategies are value investing and growth investing. In value investing investors search for stocks which are considered cheaper than average based on certain measures like P/E ratio or P/B ratio. In growth investing investors search for stocks with high gr0owth potential regardless of price. High growth potential is reflected in above average price. Thus value investing strategy and growth investing strategy are usually considered to be opposite of each other. This view ignores possibility that instead of opposite, they can complement each other. Particularly growth investing strategy can be used to solve the main problem in value investing, that is to differentiate between stocks that are cheap due to valid reason and stocks that are cheap due to mispricing. This study develops a method where growth factor is incorporated to value investing and thus indicating mispriced stocks among group of low price stocks. Keywords: Value investing, Growth investing, Stock mispricing, Stock retur

Effect of Related Parties Transactions to the Value of Enterprises Listed on Indonesian Stock Exchange

Based on the increasing numbers of accounting scandals, attention to related parties transaction is required. More specifically, the accounting scandals caused by the presence of many related party transactions within the business entity. Related party transactions may cause considerable change in company value and thus will influence various investment decisions. Failure to take this factor into consideration may result in suboptimal decisions. It is then very important to understand how related party transaction affects a company. With reference to this condition; the study was designed with the aim to determine the effect of related party transactions of the value of a business entity that is listed in the Indonesian Stock Exchange during 2010-2012. In more detail, the variable for related party transactions include the total value and the relative scale, while the value of the business entity is viewed from external viewpoint, which is Stock Return. This study uses a quantitative approach to analyze the data. Financial statement data used is the corporate financial statements listed in the Indonesia Stock Exchange from 2009 to 2012 and meet specified characteristics. The study was conducted using multiple linear regression. Independent variable is related party transactions variable, while the dependent variable is the value of a business entity one year after the publication of financial statements. This is done with the assumption that the investor reaction was in the period after the financial statements. The statistical method used is the calculation of descriptive statistics and multiple linear regression test. Descriptive statistics include the mean, standard deviation, maximum value and minimum value of each variable used in this study. Multiple linear regression analysis was conducted to test whether there is any relation between independent variables and the dependent variable. Classical assumption F test, which aims to see whether there is influence between the independent and dependent variables simultaneously, will be performed to the model. F test results will determine whether the model will be tested further. T test, which aims to determine the effect of independent variables on the dependent variable partially or in other words to find out how significant an independent variable can affect the dependent variable. Keywords: Related Party Transactions, Corporate Value, Financial Statements Reporting

Diminishing Utility, Loss Aversion, and Framing Effect in Financial Decission Making

This paper shows the effect of individual characteristics to individual’s disposition to experience diminishing utility and loss aversion during decission making process according to Prospect Theory. Participants of this study are undergraduate students in an Indonesian private university. Individual characteristics studied are GPA, semester level, wheter participant is majoring in economic, sex, and whether participant has ever taken statistic subject. The level of diminishing utility and loss aversion is measured by asking participants to assign values to gambles with various outcomes and odds. The assigned values are then plotted to Utility-Value function according to Prospect Theory using MyCurveFit software. Level of diminishing utility and loss aversion of each participant can then be calculated. It is found that GPA is positively while semester level is negatively related to level of diminishing utility both in profit and loss situation. Major has no effect to diminishing utility. Female participants show bigger effect of diminishing utility compared to male participants. Statistic subject makes no difference on level of diminishing utility. For level of loss aversion effect, only statistic subject makes any significant effect to participants. Keywords: Prospect Theory, Diminishing Utility, Loss Aversion, Decission Making, Risky Choic

Konsep akuntansi pertanggungjawaban: perspektif filsafat kuno Tiongkok yin yang dan wu xing

The purpose of this paper is to propose the Responsibility Accounting concept that exists in Management Control System based on the perspective of the Chinese philosophy of Yin Yang and Wu Xing. Responsibility Accounting concept that has existed so far is a product of Western culture, which is more focused on the achievements of each division as an individual Responsibility Center. As a result, the individual side of each division will grow and may weaken the unity of the organization. Responsibility Accounting concept may be improved if it can be integrated with the philosophy of Yin Yang and Wu Xing which do not only focus on achievement but also focus on the contributions made by the Responsibility Centers to one another. The result of this study is the concept of division’s performance appraisal which is reflected in the Key Performance Indicator (KPI) which assess the division not only from the financial performance of its own division, but also from how the division gives value to other divisions. From Wu Xing's philosophy, we obtain the direction of transfer of values between divisions as the Accountability Center in accordance with the balance of each element. The authors hope that aspects of Chinese Philosophy may give a different view to the existing Responsibility Accounting concepts, to encourage empathy in the organization which in turn will enable companies into sustainability and support Good Corporate Governance. Penelitian ini bertujuan untuk memperkenalkan konsep Akuntansi Pertanggungjawaban yang ada dalam Sistem Pengendalian Manajemen dari sudut pandang filosofi Tiongkok Yin Yang dan Wu Xing. Konsep Akuntansi Pertanggungjawaban yang ada selama ini merupakan produk dari budaya Barat, yang lebih berfokus pada prestasi masing-masing divisi sebagai Pusat Pertanggungjawaban secara individu. Akibatnya sisi individual dari tiap divisi akan menguat dan dapat melemahkan persatuan organisasi. Konsep Akuntansi Pertanggungjawaban akan lebih berdaya guna jika dapat dipadukan dengan filosofi Yin Yang dan Wu Xing yang tidak hanya berfokus pada prestasi, namun juga berfokus pada kontribusi yang diberikan oleh Pusat Pertanggungjawaban satu kepada yang lainnya. Hasil dari penelitian ini adalah konsep penilaian kinerja yang dicerminkan dari Key Performance Indicator (KPI) yang digunakan untuk menilai divisi tidak hanya dari kinerja keuangan divisinya sendiri, tapi dinilai juga dari bagaimana divisi tersebut memberi nilai bagi divisi lain. Dari Filosofi Wu Xing diperoleh arah Transfer Nilai antar divisi sebagai Pusat Pertanggungjawaban yang sesuai dengan keseimbangan masing-masing elemen. Diharapkan penelitian yang memasukkan aspek filosofi Tiongkok ini akan memberikan warna khusus pada konsep Akuntansi Pertanggungjawaban yang ada saat ini dan dapat mendorong empati dalam organisasi yang membawa perusahaan menjadi menuju keberlanjutan, dan mendukung tata kelola perusahaan yang baik

Perancangan peningkatan kualitas layanan Radio Pesona Bali FM

Munculnya dua radio yang memiliki ciri khas sama menyebabkan Radio Pesona Bali FM ingin meningkatkan kualitas layanannya agar mampu bertahan di tengah persaingan yang akan timbul. Langkah-langkah yang harus dilakukan untuk meningkatkan kualitas layanan berupa respon teknis yang merupakan bagian dalam House of Quality (HOQ). Respon teknis ditentukan dengan mempertimbangkan profil pendengar, posisi persaingan dan kemampuan internal Radio Pesona Bali FM. Hasil House of Quality merekomendasikan usulan perbaikan kualitas layanan yaitu training penyiar, evaluasi acara secara berkala, penambahan kebijakan perusahaan, penambahan daya pancar, inisiatif Radio Pesona Bali FM untuk menghubungi pemasang iklan dan training karyawan

Pricing strategy and buyer's considerations for house: Central government area vs tourism centre area

The purpose of this study is to propose Pricing Strategy. First, this study determines the dominant factors that influence the number of housing prices in Denpasar as the Capital city of Bali Island, a center of tourism in Indonesia and Jakarta as the Capital City and central government of Indonesia. This study uses a multiple linear regression test; the sample was 115 houses data, 60 houses in Denpasar, and 55 in Jakarta. Second, this study will propose a strategy for determining house prices. The survey results will show what factors are dominant in determining the number of housing prices in Denpasar and Jakarta. This research is helpful for home sellers to determine the cost of the house to be sold. This research is also helpful for prospective home buyers to determine the reasonableness of the house price they will buy. This study also covers the discussion regarding the consideration of homebuyers in terms of taxes

A multi-laboratory comparison of photon migration instruments and their performances: the BitMap exercise

Performance assessment and standardization are indispensable for instruments of clinical relevance in general and clinical instrumentation based on photon migration/diffuse optics in particular. In this direction, a multi-laboratory exercise was initiated with the aim of assessing and comparing their performances. 29 diffuse optical instruments belonging to 11 partner institutions of a European level Marie Curie Consortium BitMap were considered for this exercise. The enrolled instruments covered different approaches (continuous wave, CW; frequency domain, FD; time domain, TD and spatial frequency domain imaging, SFDI) and applications (e.g. mammography, oximetry, functional imaging, tissue spectroscopy). 10 different tests from 3 well-accepted protocols, namely, the MEDPHOT, the BIP, and the nEUROPt protocols were chosen for the exercise and the necessary phantoms kits were circulated across labs and institutions enrolled in the study. A brief outline of the methodology of the exercise is presented here. Mainly, the design of some of the synthetic descriptors, (single numeric values used to summarize the result of a test and facilitate comparison between instruments) for some of the tests will be discussed.. Future actions of the exercise aim at deploying these measurements onto an open data repository and investigating common analysis tools for the whole datase