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1. |
Designing pathways towards sustainable tourism in Soka Tourism Bali: A MULTIPOL policy analysis
, Pages: 649–658 Ni Komang Ayu Rustini, Made Kembar Sri Budhi, Ni Putu Wiwin Setyari, Ni Nyoman Reni Suasih PDF (416 K) |
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Abstract: Sustainable tourism is known as an effort to prevent the negative impacts of tourism development by considering economic, social and environmental aspects. Sustainable tourism development is very important to be used as a reference in managing tourism destinations. The large tourism potential in the Bali Province has been inventoried by the Provincial Government of Bali by establishing a tourism area. However, in its development, several designated tourism areas cannot develop optimally and tend to experience a decrease in the quality and quantity of tourist visits. This paper presents transformation pathways toward sustainable tourism development in tourism areas. The general objective is to determine strategies that can be pursued in the development of tourism areas. The specific objective is to develop the best policies and scenarios in the development of tourism areas. This research was conducted in the Soka Tourism Area in Bali Province, Indonesia, which is the only strategic tourism area in Tabanan Regency, which has great potential but has not been able to develop optimally. The data obtained from the focus group discussion, as a data collection method will be analyzed using the MULTIPOL method. The results of the research show that the development of sustainable tourism areas can be carried out by preparing a clear and measurable framework. Promotion, preparation of cross-sector programs and tourism management training activities are needed as priority programs. On the policy, it is necessary to carry out effective planning as an optimal policy involving all stakeholders. In addition, the “Progressive Transformation” and “Integrated Transformation” scenarios can be considered to achieve sustainable tourism development. This study can be an important input for stakeholders in determining policies for the development of tourism areas in the research locations and can be applied in other areas that have similar characteristics. DOI: 10.5267/j.dsl.2023.9.001 Keywords: Multi policies (MULTIPOL method), Transformation pathways, Sustainable tourism, Tourism area, Tourism planning
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Open Access Original Article | |||
2. |
Financial performance persistence in islamic and conventional fund family: Developing market evidence
, Pages: 659–670 Ahmad Marei PDF (416 K) |
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Abstract: The paper investigates performance persistence in both Islamic focused (IFFs) and conventional focused fund families (CFFs) in four emerging markets (Saudi Arabia, Malaysia, Indonesia, and Pakistan) from 2007 to 2021 using contingency tables. In the overall sample, we find that positive (negative) persistence in IFFs (CFFs) exists only in the short-run (one-month). At the country level, IFFs demonstrate positive persistence up to one month in Saudi Arabia and Indonesia and six months in Malaysia. For CFFs, negative persistence appears up to one month in Malaysia and six months in Indonesia. Surprisingly, the positive persistence of Indonesian IFFs changes to negative persistence in six months, before disappearing completely later. This result confirms the existence of short-run persistence for both IFFs and CFFs. This study presents new evidence for the persistent performance of fund families in emerging markets. DOI: 10.5267/j.dsl.2023.8.003 Keywords: Mutual funds, Fund families, Performance, Contingency tables, Islamic finance
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Open Access Original Article | |||
3. |
The impact of the logistics performance index on global trade volume between the republic of Korea and major GVC reconfiguration participants in ASEAN
, Pages: 671-684 Seongsuk Park, Edhie Budi Setiawan, Zaenal Abidin and Prasadja Ricardianto PDF (416 K) |
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Abstract: Logistics’ significance in international trade is being noted more and more frequently. This study was conducted to analyze the influence of logistics performance on trade volume between the Republic of Korea (ROK) and member states of the Association of Southeast Asian Nations (ASEAN) in order to identify the areas of the Indonesian logistics industry that require improvement to increase trade volume between Indonesia and the ROK. This study focuses on Indonesia, Vietnam, Malaysia, Thailand, and the Philippines, which are actively responding to the reconfiguration of the global value chain (GVC). The report also includes Cambodia, Laos, and Myanmar, which can be viewed as potential GVC competitors of Indonesia due to their considerable manufacturing growth potential. Based on the gravity model, which explains trade volume between regions, this study looked into the effect of the logistics performance index (LPI) of these ASEAN nations on trade with the ROK by analyzing panel data. This study utilized previously published (secondary) data to derive new outcomes. Most of the statistical data were extracted from the World Bank database, IHS Markit, and Euromonitor. The results show that an improvement of LPI can lead to growth in the trade volume between ROK and ASEAN Nations including Indonesia. The study’s insights suggest which logistical areas Indonesia should focus on developing in order to boost trade with ROK and obtain a competitive edge in the GVC reconfiguration. DOI: 10.5267/j.dsl.2023.8.002 Keywords: Logistics performance index (LPI), Global value chain (GVC), Reconfiguration, Gravity model, International Trade
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Open Access Original Article | |||
4. |
Enterprise risk management and supply chain effectiveness: Evidence in the Indonesian electricity project
, Pages: 685-696 Prasadja Ricardianto,Tri Alin Widianingrum, Endri Endri, Sita Aniisah Sholihah, Darmawan Apriyadi, Amrulloh Ibnu Kholdun, Heri Junaedi Bakhri, Rezha Rahandhi, Mohamad Wisanggeni Ariohadi and Ram Agustina Manurung PDF (416 K) |
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Abstract: The research aimed to know the influence of long-term relationships, information sharing, Cooperation, and integration process in partial on the supply chain effectiveness of the EPC Steam Power Plant project in the Province of North Sulawesi. It was also to know whether enterprise risk management moderates the influence, long-term relationship, information sharing, Cooperation, and integration process toward supply chain effectiveness. The employees who became the sample in the supply chain activities of the steam power plant project in North Sulawesi were 250 people, 149 of whom were proportionally from the project owner. The research uses the data analysis technique using Structural Equation Modelling-Partial Least Square. The result of the study indicated that long-term relationships, information sharing, Cooperation, and integration process partially have a positive and significant influence on supply chain effectiveness. In addition, enterprise risk management proved to moderate the impact of information sharing. Still, it needed to moderate the effect of a long-term relationship, Cooperation, and integration process on the supply chain effectiveness of the EPC Steam Power Plant Sulut-3 project. DOI: 10.5267/j.dsl.2023.8.001 Keywords: Long-term relationship, Information sharing, Cooperation, Integration process, Supply chain effectiveness, Enterprise risk management
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Open Access Original Article | |||
5. |
Ranking fuzzy numbers by volume of solid of revolution of membership function about axis of support
, Pages: 697-710 P. N. V. L. Sasikala and P. Phani Bushan Rao PDF (416 K) |
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Abstract: It is admissible that fuzzy numbers (FNs) are apt for representing imprecise or vague data in real-world problems. While using FNs in decision-making problems, selecting the best alternative among available alternatives is challenging, and therefore, ranking FNs is essential. We can find different studies in the literature, but to our knowledge, no one attempted to rank FNs using the concept of volume. This paper proposes a new method for ranking generalized fuzzy numbers (GFNs) using the volume of the solid obtained by revolving its membership function (MF) about the x-axis. We calculate the volumes of positive and negative sides along with the centroid of a generalized fuzzy number(GFN) to define the fuzzy number(FN) score. This score represents the defuzzified value of FN, is used to select the best alternative, and overcomes the limitations in some existing methods like ranking FNs having the same centroid, crisp numbers, symmetric fuzzy numbers, and FNs with the same core. DOI: 10.5267/j.dsl.2023.7.006 Keywords: Generalized fuzzy numbers, Volume of solid, Centroid, Ranking scores
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Open Access Original Article | |||
6. |
The mediating role of financial management skills: Examining the impact of e-government adoption and social support on financial resilience
, Pages: 711-720 Pius Lustrilanang, Suwarno, Firdaus Amyar and Renny Friska PDF (416 K) |
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Abstract: In today's rapidly changing economic landscape, financial resilience has become increasingly important especially for public sector organizations. This study investigates the impact of e-government adoption and social support on individuals' financial resilience in Indonesia, with a focus on the mediating role of financial management skills. A quantitative research methodology was employed, and 348 complete and suitable questionnaires from individuals in the financial department in local government in Indonesia were analyzed using SmartPLS 4.0 software. The results indicate a significant relationship between e-government adoption and financial management skills, suggesting that digitizing government services contributes to improved financial resilience. Additionally, social support was found to have a positive impact on financial management skills, supporting the notion that social networks provide resources and support for financial well-being. Financial management skills were also found to be significantly associated with financial resilience, indicating that individuals with strong financial management skills are better equipped to adapt to changing circumstances. While the mediating effect of financial management skills between e-government adoption and financial resilience was not significant, it was significant in the relationship between social support and financial resilience. These findings provide insights into the factors that enhance financial resilience in an increasingly digitized society and inform strategies to promote financial well-being in Indonesia. DOI: 10.5267/j.dsl.2023.7.005 Keywords: Financial resilience, e-government adoption, Social support, Financial management skills
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Open Access Original Article | |||
7. |
A hybrid model of spatial autoregressive-multivariate adaptive generalized Poisson regression spline
, Pages: 721-728 Septia Devi Prihastuti Yasmirullah, Bambang Widjanarko Otok, Jerry Dwi Trijoyo Purnomo and Dedy Dwi Prastyo PDF (416 K) |
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Abstract: Several Multivariate Adaptive Regression Spline (MARS) approaches are available to model categorical and numerical (especially continuous) data. Currently, there are other numerical data types—discrete or count data—that call for specific consideration in modeling. Additionally, spatially correlated count data is frequently observed. This has been seen in the case of health data, for example, the number of newborn fatalities, tuberculosis patients, hospital visitors, etc. However, currently no structurally consistent nonparametric regression and MARS model for count data incorporating spatial lag autocorrelation. The SAR-MAGPRS estimator (Spatial Autoregressive - Multivariate Adaptive Generalized Poisson Regression Spline) is developed to fill this gap. Although it can be applied to different count distributions, the estimator was developed in this study under the assumption of a Generalized Poisson distribution. This paper provides an information-theoretic framework for incorporating knowledge of the spatial structure and non-parametric regression models, especially MARS for the count data types. Moreover, the proposed method can assist in modeling the number of diseases while health policies are being developed. The framework presents an application of the Penalized Least Square (PLS) method to estimate the SAR – MAGPRS model. DOI: 10.5267/j.dsl.2023.7.004 Keywords: Count data, Generalized Poisson, Health policies, MARS, SAR
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Open Access Original Article | |||
8. |
China's artificial intelligence efficiency and its influencing factors: Based on DEA-Malmquist and Tobit regression model
, Pages: 729-738 Yan-Yan Dong and Dong-Qiang Wang PDF (416 K) |
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Abstract: The proliferation of artificial intelligence (AI) has emerged as a critical metric for assessing a country's technological advancement, but also for regional economic coordination and high-quality development in China. Based on panel data collected from 31 provinces between 2006 and 2021, this study employs the DEA-Malmquist index model and panel Tobit model to examine the scale, distributional attributes, and influencing factors of AI resource allocation. Results indicate that China's AI resource allocation efficiency has generally increased, with technical efficiency generating a “pull effect” that propels total factor productivity growth rates higher than those attributable to technological progress. Furthermore, AI efficiency in non-coastal regions outstrips that in coastal areas, with total factor productivity growth arising from a substantial increase in technological progress rates. Regional economic development, labor demand, openness to foreign participation, and human capital level exert pivotal roles in enhancing AI resource allocation efficiency. Based on these findings, we suggest a set of strategies aimed at enhancing China's AI resource allocation efficiency, including amplifying government guidance, increasing R&D investments, upgrading economic development levels, fostering the development and strengthening of tangible economy, and attracting and nurturing high-quality scientific research talent. DOI: 10.5267/j.dsl.2023.7.003 Keywords: Artificial Intelligence, TFP, ML Index, Panel Tobit Model
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Open Access Original Article | |||
9. |
Risk assessment, implementation of occupational health, safety and hygiene in small and medium manufacturing enterprises: A case study in central Vietnam
, Pages: 739-748 Gia-Kien Vu, Tuan-Anh Le, Toan-Pham Ngoc, Tram-Huyen Thi Nguyen and Minh-Quan Ha-Nguyen PDF (416 K) |
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Abstract: This study aims to identify and evaluate the influence of the factors affecting the implementation of occupational health and safety of employees and employers and its impact on occupational health and safety and legalize risk assessment in small and medium-sized manufacturing enterprises in central Vietnam through the survey among 246 business representatives and data processing through the software SPSS 20 and AMOS 20. The results show that there are 3 factors affecting the implementation of occupational health, safety and hygiene. In order: (1) Safety regulations and instructions; (2) Occupational health, safety policy and (3) Occupational health and safety training. There is no relationship between the impacts on the implementation of occupational health and safety of the employer. In addition, a very interesting finding about the relationship of factors implementing occupational health and safety of employers was a positive influence on the legalization of risk assessment activities. On the basis of these results, employees, business owners and state management agencies will have grounds to offer useful solutions in risk assessment in order to better perform safety work and occupational health. DOI: 10.5267/j.dsl.2023.7.002 Keywords: Risk assessment, Occupational health, Safety and hygiene in labor, SMES, Vietnam
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Open Access Original Article | |||
10. |
Estimating the Value-at-Risk (VaR) in stock investment of insurance companies: An application of the extreme value theory
, Pages: 749-758 Riaman, Amarulla Octavian, Sudradjat Supian, Sukono and Jumadil Saputra PDF (416 K) |
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Abstract: As a capital market investment, stocks have risks that must be managed. Therefore, investors should consider the returns and risks of investment products. This study aims to estimate the risk of insurance companies' loss when investing. The method used to estimate the level of risk is Value at Risk (VaR) based on Extreme Value Theory (EVT). The data used is secondary data in the form of daily stock closing prices from two insurance companies, AXA General Insurance and BRI Insurance, from January 2016 to January 2022. The data were used to estimate the risk value according to the EVT principle. As a result, Insurance AXA General Insurance, with 5.91% liquidity, has the lowest VaR value with a 99% confidence level, while BRI Insurance has 5.04%. We concluded from these results that AXA General Insurance has a lower investment risk. It means that each company has a different risk value. Therefore, investors should know these risk factors when choosing a company. DOI: 10.5267/j.dsl.2023.7.001 Keywords: Risk, Investment, Insurance, Extreme value theory
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Open Access Original Article | |||
11. |
A hybrid AHP-TOPSIS for risk analysis in maritime cybersecurity based on 3D models
, Pages: 759-772 I N. Putra, Amarulla Octavian, A.K. Susilo and A. R. Prabowo PDF (416 K) |
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Abstract: Emerging maritime cyber threats put Indonesia's marine technology-based systems at risk This study aims to determine the dimensions and analysis of risk assessment in maritime cyber security based on 3D models in the Indonesian sea area. A statistical descriptive qualitative method approach supported by the Analytical Hierarchy Process (AHP) and Technique for Order by Similarity to Ideal Solution (TOPSIS) methods were used in this study. Risk analysis in maritime cybersecurity has 3 (three) main criteria: Threat, Vulnerability, and consequence. Based on the results of 3D risk analysis, the six dimensions of MCS are identified as having a level of risk at Very Low and Low Risk. The highest risk value is obtained by the dimension of Cyber security-related company procedures (D2) (0.368) and the lowest risk value is Ship's systems readiness (D3) (0.048). DOI: 10.5267/j.dsl.2023.6.005 Keywords: Maritime Cybersecurity (MCS), Risk Analysis, 3D Model, Analytical Hierarchy Process (AHP), Technique for Order by Similarity to Ideal Solution (TOPSIS)
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Open Access Original Article | |||
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A bibliometrics study of plants, animals, bacteria, algae and technologies that reduce, filter and eliminate microplastics from planet earth, ecological solutions for the environment
, Pages: 773-782 Cristian Andres Arias Verastegui, Norma Elizabet Clemente Gilvonio and Michelle Esthefani Retamozo Flores PDF (416 K) |
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Abstract: The world surrounded by plastics generates a lot of uncertainty and the first victims are sea animals, plastic in contact with the sun is able to disintegrate and generate toxins that are harmful to health. It is for this reason that this research in bibliographic review allows us to know the different solutions to counteract microplastics through the analysis of the Scopus database and the VOSviewer tool that allows us to analyze the data, considering the essential characteristics that are plants, animals, bacteria, algae and technologies that allow the disintegration, elimination and purification of microplastics, graphs and tables were obtained which allow us to recognize the analyzed data, the countries that carry out these investigations and the bibliometric maps worldwide. The results allow us to understand that the existence of microplastics generates many negative consequences for planet earth, however, there are different solutions which we can use and apply to counteract these microplastics, also considering that countries like Peru do not find published scientific research relevant to this matter. The purpose of this research is to allow us to make better decisions and not lose heart in the face of microplastics since it can be fought with the different solutions that we find on planet earth, technology and the other objective is to motivate readers to take action in the issue and allow generating change in the use of plastics. DOI: 10.5267/j.dsl.2023.6.004 Keywords: Technologies, Animals, Bacteria, Plants, Algae, Filters, Removal and biodegradation
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Open Access Original Article | |||
13. |
The effect of customer relationship management (CRM) on business profitability in Jordanian logistics industries: The mediating role of customer satisfaction
, Pages: 783-794 Baha Aldeen Mohammad Fraihat, Aseel Mostafa Abozraiq, Ahmad Moh’D Ababneh, Ahmad Khraiwish, Mohammad Salameh Almasarweh and Yahya saber salah AlGhasawneh PDF (416 K) |
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Abstract: In today's competitive business environment, the implementation of Customer Relationship Management (CRM) strategies is essential for firms to succeed. The purpose of this study is to investigate the relationship between CRM, customer satisfaction, and business profitability in the Jordanian logistics industry. Specifically, the study examines how customer satisfaction mediates the effect of three key CRM on business profitability. To achieve this, Partial Least Squares Structural Equation Modeling (PLS-SEM) was used to analyze data collected from 384 employees of logistics firms in Jordan. The results of the study suggest that CRM positively affects customer satisfaction, and that customer satisfaction has a significant mediating effect on the relationship between CRM and business profitability. The findings of this study have important implications for logistics firms seeking to improve their business profitability through the adoption of CRM. By focusing on the three key CRM (Customer Identification, Customer Acquisition, and Customer Analytics), firms can improve their customer satisfaction levels, which, in turn, can lead to improved business profitability. This study adds to the growing body of literature on CRM practices and their impact on business profitability, particularly in the context of the Jordanian logistics industry. DOI: 10.5267/j.dsl.2023.6.003 Keywords: Business Profitability, CRM, Customer Satisfaction, Jordanian logistics industry
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Open Access Original Article | |||
14. |
Exploring managerial insights through multi criteria decision making techniques in pharmacy inventory classification problem
, Pages: 795-806 Ahmet Bahadır Şimşek, Zekiye Göktekin and Büşra Geliç PDF (416 K) |
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Abstract: The current research addresses the inventory classification problem of community pharmacies, which have a dual role as both a vital component of the pharmaceutical supply chain and a typical retail store. Despite the existing literature indicating that pharmacists may lack knowledge on inventory management, it seems that the MCIC literature is weak in explaining how pharmacists can benefit from MCDA techniques in all aspects. To bridge this gap, the study aims to demonstrate that pharmacists can utilize MCDA techniques to gain deeper insights beyond mere classification in the context of inventory management. Real-world data from a community pharmacy in Turkey was classified using the EDAS method. Sensitivity analysis was performed for MCDA inputs, about which pharmacists may lack information. Scenario findings based on criterion weights and threshold values offer important managerial implications for pharmacists. This study provides a critical contribution to the literature on inventory management in community pharmacies by highlighting the potential of MCDA techniques to support decision-making beyond mere classification. The sensitivity analysis also sheds light on areas where pharmacists may lack knowledge and suggests ways to address these gaps. Overall, the study underscores the need for pharmacists to have a deeper understanding of inventory management and highlights the potential benefits of MCDA techniques in addressing this challenge. DOI: 10.5267/j.dsl.2023.6.002 Keywords: Community pharmacy, Inventory classification, Multi-criteria decision-making, Sensitivity analysis, EDAS, BWM
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Open Access Original Article | |||
15. |
Neutrosophic multivariate EWMA control chart
, Pages: 807-816 Wibawati, Muhammad Ahsan and Hidayatul Khusna PDF (416 K) |
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Abstract: The MEWMA chart is one of the traditional multivariate charts which are widely employed in inspecting the quality of manufacturing and services. This chart is created through monitoring the small shifts of mean vectors of variable quality characteristics. Often in practice, the measurement of a quality characteristic produces uncertain, incomplete values, so that ambiguous numbers are obtained. In this condition, a neutrosophic-based control chart can overcome the problem resulting from the ambiguous data. The paper’s objective is to construct a new multivariate monitoring scheme based on a neutrosophic chart, namely the neutrosophic Multivariate EWMA (NMEWMA). Furthermore, the performance of the new multivariate monitoring scheme is evaluated in detecting process shifts employing the Average Run Length (ARL) and Standard Deviation Run Length (SDRL). This control chart is an innovation in the quality monitoring of uncertain data. The research result obtained indicates that the NMEWMA chart performs better than the MEWMA in finding the small mean shifts as well as in the real case application. DOI: 10.5267/j.dsl.2023.6.001 Keywords: Control chart, Industry, Innovation, NMEWMA, Multivariate, Neutrosophic, Average run length
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