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Search results for: Adhi Susilo
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for: Adhi Susilo</h1> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">17</span> Agricultural Extension Workers’ Education in Indonesia - Roles of Distance Education</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Adhi%20Susilo">Adhi Susilo</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper addresses the roles of distance education in the agricultural extension workers’ education. Agriculture plays an important role in both poverty reduction and economic growth. The technology of agriculture in the developing world should change continuously to keep pace with rising populations and rapidly changing social, economic, and environmental conditions. Therefore, agricultural extension workers should have several competencies in order to carry out their duties properly. One of the essential competencies that they must possess is the professional competency that is directly related to their duties in carrying out extension activities. Such competency can be acquired through studying at Universitas Terbuka (UT). With its distance learning system, agricultural extension workers can study at UT without leaving their duties. This paper presenting sociological analysis and lessons learnt from the specific context of Indonesia. Diversities in geographic, demographic, social cultural and economic conditions of the country provide specific challenges for its distance education practice and the process of social transformation to which distance education can contribute. Extension officers used distance education for personal benefits and increased professional productivity. An increase in awareness is important for the further adoption of distance learning for extension purposes. Organizations in both the public and private sector must work to increase knowledge of ICTs for the benefit of stakeholders. The use of ICTs can increase productivity for extensions officers and expand educational opportunities for learners. The use of distance education by extension to disseminate educational materials around the world is widespread. Increasing awareness and use of distance learning can lead to more productive relationships between extension officers and agricultural stakeholders. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=agricultural%20extension" title="agricultural extension">agricultural extension</a>, <a href="https://publications.waset.org/abstracts/search?q=demographic%20and%20geographic%20condition" title=" demographic and geographic condition"> demographic and geographic condition</a>, <a href="https://publications.waset.org/abstracts/search?q=distance%20education" title=" distance education"> distance education</a>, <a href="https://publications.waset.org/abstracts/search?q=ICTs" title=" ICTs"> ICTs</a> </p> <a href="https://publications.waset.org/abstracts/18747/agricultural-extension-workers-education-in-indonesia-roles-of-distance-education" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/18747.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">515</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">16</span> L2 Exposure Environment, Teaching Skills, and Beliefs about Learners’ Out-of-Class Learning: A Survey on Teachers of English as a Foreign Language </h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Susilo%20Susilo">Susilo Susilo</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In the process of foreign language acquisition, L2 exposure has been evidently assumed efficient for learners to help increase their proficiency. However, to get enough L2 exposure in the context of learning English as a foreign language is not as easy as that of the first language learning context. Therefore, beyond the classroom L2 exposure is helpful for EFL learners to achieve the language tasks. Alongside the rapid development of technology and media, English as a foreign language is virtually used in the social media of almost all regions, affecting the faces of Teaching English as a Foreign Language (TEFL). This different face of TEFL unavoidably intrigues teachers to treat their students differently in the classroom in order that they can put more effort in maximizing beyond-the-class learning to help improve their in-class achievements. The study aims to investigate: 1) EFL teachers’ teaching skills and beliefs about students’ out-of-class activities in different L2 exposure environments, and 2) the effect on EFL teachers’ teaching skills and beliefs about students’ out-of-class activities of different L2 exposure environments. This is a survey for 80 EFL teachers from Senior High Schools in three regions of two provinces in Indonesia. A questionnaire using a four-point Likert scale was distributed to the respondents to elicit data. The questionnaires were developed by reffering to the constructs of teaching skills (i.e. teaching preparation, teaching action, and teaching evaluation) and beliefs about out-of-class learning (i.e. setting, process and atmosphere), which have been taken from some expert definitions. The internal consistencies for those constructs were examined by using Cronbach Alpha. The data of the study were analyzed by using SPSS program, i.e. descriptive statistics and independent sample t-test. The standard for determining the significance was p < .05. The results revealed that: 1) teaching skills performed by the teachers of English as a foreign language in different exposure environments showed various focus of teaching skills, 2) the teachers showed various ways of beliefs about students’ out-of-class activities in different exposure environments, 3) there was a significant difference in the scores for NNESTs’ teaching skills in urban regions (M=34.5500, SD=4.24838) and those in rural schools (M=24.9500, SD=2.42794) conditions; t (78)=12.408, p = 0.000; and 4) there was a significant difference in the scores for NNESTs’ beliefs about students’ out-of-class activities in urban schools (M=36.9250, SD=6.17434) and those in rural regions (M=29.4250, SD=4.56793) conditions; t (78)=6.176, p = 0.000. These results suggest that different L2 exposure environments really do have effects on teachers’ teaching skills and beliefs about their students’ out-of-class learning. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=belief%20about%20EFL%20out-of-class%20learning" title="belief about EFL out-of-class learning">belief about EFL out-of-class learning</a>, <a href="https://publications.waset.org/abstracts/search?q=L2%20exposure%20environment" title=" L2 exposure environment"> L2 exposure environment</a>, <a href="https://publications.waset.org/abstracts/search?q=teachers%20of%20English%20as%20a%20foreign%20language" title=" teachers of English as a foreign language"> teachers of English as a foreign language</a>, <a href="https://publications.waset.org/abstracts/search?q=teaching%20skills" title=" teaching skills "> teaching skills </a> </p> <a href="https://publications.waset.org/abstracts/62695/l2-exposure-environment-teaching-skills-and-beliefs-about-learners-out-of-class-learning-a-survey-on-teachers-of-english-as-a-foreign-language" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/62695.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">342</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">15</span> Effect of Non-Tariff Measures to Indonesian Shrimp Export in International Market: Case of Sanitary and Phytosanitary and Technical Barriers to Trade</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Muhammad%20Khaliqi">Muhammad Khaliqi</a>, <a href="https://publications.waset.org/abstracts/search?q=Amzul%20Rifin"> Amzul Rifin</a>, <a href="https://publications.waset.org/abstracts/search?q=Andriyono%20Kilat%20Adhi"> Andriyono Kilat Adhi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The non-tariff policy could make Indonesian shrimp exports decrease in the international market. This research was aimed to analyze factors affecting Indonesia's exports of shrimp and the impact of SPS and TBT policy on Indonesian shrimp. Factors affecting the exports of Indonesian shrimp were estimated using gravity model. The results showed the GDP of exporters and exchange rate, have a negative influence against the export of Indonesia’s shrimp exports. The GDP of the importers and trade cost have a positive influence against the export of shrimp Indonesia while the SPS policy and TBT don’t affect Indonesia's exports of shrimp in the international market. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=gravity%20model" title="gravity model">gravity model</a>, <a href="https://publications.waset.org/abstracts/search?q=international%20trade" title=" international trade"> international trade</a>, <a href="https://publications.waset.org/abstracts/search?q=non-tariff%20measure" title=" non-tariff measure"> non-tariff measure</a>, <a href="https://publications.waset.org/abstracts/search?q=sanitary%20and%20phytosanitary" title=" sanitary and phytosanitary"> sanitary and phytosanitary</a>, <a href="https://publications.waset.org/abstracts/search?q=shrimp" title=" shrimp"> shrimp</a>, <a href="https://publications.waset.org/abstracts/search?q=technical%20barriers%20to%20trade" title=" technical barriers to trade"> technical barriers to trade</a> </p> <a href="https://publications.waset.org/abstracts/82580/effect-of-non-tariff-measures-to-indonesian-shrimp-export-in-international-market-case-of-sanitary-and-phytosanitary-and-technical-barriers-to-trade" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/82580.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">194</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">14</span> Value Chain Identification of Beekeeping Business in Indonesia: Case Study of Four Beekeeping Business in West Java</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Dwi%20Purnomo">Dwi Purnomo</a>, <a href="https://publications.waset.org/abstracts/search?q=Anas%20Bunyamin"> Anas Bunyamin</a>, <a href="https://publications.waset.org/abstracts/search?q=Fajar%20Susilo"> Fajar Susilo</a>, <a href="https://publications.waset.org/abstracts/search?q=Akbar%20Anugrah"> Akbar Anugrah</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Beekeeping became a rural economic buffer, especially for people who lived by forest side to diversify their food or sell the honey and bee colony. Aside from the high price of honey and it’s derivative products, there is another revenue stream along beekeeping value chain that could be optimized by the people. There are five of nine honey bee species in the world, exist in Indonesia, such as Apis Cerana, Apis Dorsata, Apis Andreniformis, Apis Koschevnikovi, and Apis Nigrocincta. Indonesian farmer generally developed Apis Cerana and two other honey bees species, like Apis Mellifera and Trigona. This study tried to identify, how beekeeping business practices, challenges and opportunities in four beekeeping business in West Java through the value chain along the business. Data carried out by literature review, interview and focus group discussion with key actors in beekeeping business. There are six revenue stream in beekeeping business in West Java, such as brood hunter, beehives maker, agroforestry, agro-tourism, honey and derivatives products and bee acupuncture. This assesses conclude any criteria that should grasp for developing and sustaining beekeeping business in West Java. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=beekeeping%20business" title="beekeeping business">beekeeping business</a>, <a href="https://publications.waset.org/abstracts/search?q=business%20developing" title=" business developing"> business developing</a>, <a href="https://publications.waset.org/abstracts/search?q=value%20chain" title=" value chain"> value chain</a>, <a href="https://publications.waset.org/abstracts/search?q=West%20Java" title=" West Java"> West Java</a> </p> <a href="https://publications.waset.org/abstracts/95290/value-chain-identification-of-beekeeping-business-in-indonesia-case-study-of-four-beekeeping-business-in-west-java" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/95290.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">209</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">13</span> The Implementation of Animal Welfare for Garut Sheep Fighting Contest in West Java</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mustopa">Mustopa</a>, <a href="https://publications.waset.org/abstracts/search?q=Nadya%20R.%20Susilo"> Nadya R. Susilo</a>, <a href="https://publications.waset.org/abstracts/search?q=Rhizal%20D.%20Nuva"> Rhizal D. Nuva</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study aims to determine the application of animal welfare in Garut sheep fighting contest at West Java. This study conducted by survey and discussion methods with 5 Garut sheep owners in the contest. The animal welfare is going to be proved by observing the condition of the cage, the cleanliness of it, the health of the sheep, feeding and water, also owner treatments for their sheep that will be served as a fighter. Observations made using stable conditions ACRES form with assessment scores ranged from 1 = very poor, 2 = poor, 3 = regular, 4 = good and 5 = very good, animal welfare conditions seen by conducting observations and interviews with garut sheep owners. The result shows that the Garut sheep fighting contest has fulfilled the criteria of animal welfare application. Application of animal welfare principle by the owner of Garut sheep terms of ACRES (Animal Concerns Research and Education Society) below standard, the average score obtained was 1.76 which is mean in a very bad ratings. Besides considering the animal welfare application, sheep owners also do special treatments for their Garut sheep with the purpose to produce fighters that are healthy and strong. So, if the sheep wins in Garut sheep fight contest, it will purchase a high-value prices. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=animal%20welfare" title="animal welfare">animal welfare</a>, <a href="https://publications.waset.org/abstracts/search?q=contest" title=" contest"> contest</a>, <a href="https://publications.waset.org/abstracts/search?q=garut%20sheep" title=" garut sheep"> garut sheep</a>, <a href="https://publications.waset.org/abstracts/search?q=sheep%20fighting" title=" sheep fighting"> sheep fighting</a> </p> <a href="https://publications.waset.org/abstracts/51972/the-implementation-of-animal-welfare-for-garut-sheep-fighting-contest-in-west-java" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/51972.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">278</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">12</span> Increasing the Use of LNG on the Java Island (Bali Province) through the Development of Small-Scale LNG Projects</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Herman%20Susilo">Herman Susilo</a>, <a href="https://publications.waset.org/abstracts/search?q=Rahmat%20Budiman"> Rahmat Budiman</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Bali province is one of the most famous tourist destinations in Indonesia. As a central tourist destination, Bali is very concerned about the use of clean energy. Since Bali is an area that does not have natural resources, so all of its energy sources are imported from java island and other islands. As an example, currently, Pertagas is developing the use of LNG for the needs of the retail industry. Right now, LNG is transported from the LNG plant facility in Bontang (Kalimantan Province) using ISO Tanks which are transported by cargo ships and then transported by trucks to the island of Bali. After that, LNG from ISO Tank is breakbulk into LNG Cylinders for distribution to retail customers. The existing distribution scheme is very long and costly since the source of LNG is come from another island (Kalimantan) and is relatively far away. To solve this problem, we plan to build the mini-LNG plant on Java Island since there are lots of gas sources available. There are some small gas reserves (flared or stranded gas) that are not yet monetized and are less valuable (cheaper) because the volume is very small. After liquifying the gas from the gas field, the LNG is transported by the truck using ISO Tank. After that, LNG from ISO Tank is breakbulk into LNG Cylinders for distribution to retail customers. From this new LNG distribution scheme, there are 4-5 USD/MMBTU saving compared to the existing distribution scheme. It is hoped that with these cost savings, the number of retail LNG sales can increase rapidly. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=LNG" title="LNG">LNG</a>, <a href="https://publications.waset.org/abstracts/search?q=LNG%20retail" title=" LNG retail"> LNG retail</a>, <a href="https://publications.waset.org/abstracts/search?q=mini%20LNG" title=" mini LNG"> mini LNG</a>, <a href="https://publications.waset.org/abstracts/search?q=small%20scale%20LNG" title=" small scale LNG"> small scale LNG</a> </p> <a href="https://publications.waset.org/abstracts/158459/increasing-the-use-of-lng-on-the-java-island-bali-province-through-the-development-of-small-scale-lng-projects" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/158459.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">97</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">11</span> The Battle Against Corruption in Indonesia’s Municipalities</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Edy%20Wahyu%20Susilo">Edy Wahyu Susilo</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This research discusses a comparative analysis of various anti-corruption responses of three Indonesian City Governments (Jakarta, Surabaya, and Medan) and completes previous findings on the effectiveness of the city anti-corruption program. Some factors (transparency, accountability, leadership, law enforcement, and bureaucratic reform) have been chosen in this study to diagnose the main role in the success and the failure of anti-corruption programs in these cities. These factors diagnose the relationship between factors and their dominancy, which is then utilized to create the city’s strategic anti-corruption programs. Although this study found leadership had a dominant influence both in encouraging and discouraging the performance of city transformation drastically, however, it is not the only factor that determined the performance of the city in the fight against corruption. It needs other factors as an ideal balancing element to achieve an anti-corruption program, namely KPK’s intervention and public engagement. Based on the dominance factors found, this research then develops an appropriate strategy using a policy evaluation approach to create a real practical guide regardless of the existence of good or bad leadership in the city. This research is expected to be a useful reference for stakeholders, especially the government, as a blueprint to prevent corruption by considering several important steps and guidance in efforts to eradicate corruption in the city, especially in Indonesia. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=intervention" title="intervention">intervention</a>, <a href="https://publications.waset.org/abstracts/search?q=KPK%20%28corruption%20eradication%20commission%29" title=" KPK (corruption eradication commission)"> KPK (corruption eradication commission)</a>, <a href="https://publications.waset.org/abstracts/search?q=law%20enforcements" title=" law enforcements"> law enforcements</a>, <a href="https://publications.waset.org/abstracts/search?q=leadership" title=" leadership"> leadership</a>, <a href="https://publications.waset.org/abstracts/search?q=policy%20evaluation" title=" policy evaluation"> policy evaluation</a> </p> <a href="https://publications.waset.org/abstracts/154490/the-battle-against-corruption-in-indonesias-municipalities" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/154490.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">97</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">10</span> Identification and Control the Yaw Motion Dynamics of Open Frame Underwater Vehicle </h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mirza%20Mohibulla%20Baig">Mirza Mohibulla Baig</a>, <a href="https://publications.waset.org/abstracts/search?q=Imil%20Hamda%20Imran"> Imil Hamda Imran</a>, <a href="https://publications.waset.org/abstracts/search?q=Tri%20Bagus%20Susilo"> Tri Bagus Susilo</a>, <a href="https://publications.waset.org/abstracts/search?q=Sami%20El%20Ferik"> Sami El Ferik</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The paper deals with system identification and control a nonlinear model of semi-autonomous underwater vehicle (UUV). The input-output data is first generated using the experimental values of the model parameters and then this data is used to compute the estimated parameter values. In this study, we use the semi-autonomous UUV LAURS model, which is developed by the Sensors and Actuators Laboratory in University of Sao Paolo. We applied three methods to identify the parameters: integral method, which is a classical least square method, recursive least square, and weighted recursive least square. In this paper, we also apply three different inputs (step input, sine wave input and random input) to each identification method. After the identification stage, we investigate the control performance of yaw motion of nonlinear semi-autonomous Unmanned Underwater Vehicle (UUV) using feedback linearization-based controller. In addition, we compare the performance of the control with an integral and a non-integral part along with state feedback. Finally, disturbance rejection and resilience of the controller is tested. The results demonstrate the ability of the system to recover from such fault. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=system%20identification" title="system identification">system identification</a>, <a href="https://publications.waset.org/abstracts/search?q=underwater%20vehicle" title=" underwater vehicle"> underwater vehicle</a>, <a href="https://publications.waset.org/abstracts/search?q=integral%20method" title=" integral method"> integral method</a>, <a href="https://publications.waset.org/abstracts/search?q=recursive%20least%20square" title=" recursive least square"> recursive least square</a>, <a href="https://publications.waset.org/abstracts/search?q=weighted%20recursive%20least%20square" title=" weighted recursive least square"> weighted recursive least square</a>, <a href="https://publications.waset.org/abstracts/search?q=feedback%20linearization" title=" feedback linearization"> feedback linearization</a>, <a href="https://publications.waset.org/abstracts/search?q=integral%20error" title=" integral error"> integral error</a> </p> <a href="https://publications.waset.org/abstracts/21830/identification-and-control-the-yaw-motion-dynamics-of-open-frame-underwater-vehicle" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/21830.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">536</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9</span> Hybrid Model of an Increasing Unique Consumer Value on Purchases that Influences the Consumer Loyalty and the Pursuit of a Sustainable Competitive Advantage from the Institutions in Jakarta</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Wilhelmus%20Hary%20Susilo">Wilhelmus Hary Susilo</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The marketplace would have at least some resources that are unique (e.g., well communication, knowledgeable employees, consumer value, effective transaction, efficient production processes and institutional branding). The institutions should have an advantage in resources and then could lead to positions of competitive advantage. These major challenges focus on increasing unique consumer value on reliable purchases that influence of loyalty and pursuit of a sustainable competitive advantage from the Institutions in Jakarta. Furthermore, a research was conducted with a quantitative method and a confirmatory strategic research design. The research resulted in entire confirmatory factors analysis (1st CFA and 2nd CFA) among variables pertains to; χ2//Df (9.30, 4.38, 6.95, 2.76, 2.97, 2.91, 2.32 and 6.90), GFI (0.72, 0.82, 0.82, 0.81, 0.78, 0.84, 0.89 and 0.70) and CFI (0.90, 0.95, 0.93, 0.92, 0.95, 0.91, 0.96 and 0.89), which indicates a good model. Furthermore, the hybrid model is well fit with, χ2//Df=1.84, P value = 0.00, RMSEA = 0.076, GFI = 0.76, NNFI= 0.95, PNFI= 0.82, IFI= 0.96, RFI= 0.91, AGFI= 0.71 and CFI= 0.96. The result was significant hypothesis, i.e. variables of communitization marketing 3.0 and price perception influenced to unique value of consumer with tvalue =4.46 and 5.89. Furthermore, the consumers value influenced the purchasing with t value = 5.94. Additionally, the loyalty, the ‘communitization’, and the character building marketing 3.0 are affecting the pursuit of a sustainable competitive advantage from institutions with t value = 7.57, -2.12, and 2.04. Finally, the test between the most superior variable dimensions is significantly correlated between INOV and WDES, RESPON and ATT covariance matrix value= 0.72 and 0.71. Thus, ‘communitization’ and character building marketing 3.0 with dimensions of responsibility and technologies would increase a competitive advantage with the dimensions of the innovation and the job design from the institutions. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=consumer%20loyalty" title="consumer loyalty">consumer loyalty</a>, <a href="https://publications.waset.org/abstracts/search?q=marketing%203.0" title=" marketing 3.0"> marketing 3.0</a>, <a href="https://publications.waset.org/abstracts/search?q=unique%20consumer%20value" title=" unique consumer value"> unique consumer value</a>, <a href="https://publications.waset.org/abstracts/search?q=purchase" title=" purchase"> purchase</a>, <a href="https://publications.waset.org/abstracts/search?q=sustainable%20competitive%20advantage" title=" sustainable competitive advantage"> sustainable competitive advantage</a> </p> <a href="https://publications.waset.org/abstracts/54929/hybrid-model-of-an-increasing-unique-consumer-value-on-purchases-that-influences-the-consumer-loyalty-and-the-pursuit-of-a-sustainable-competitive-advantage-from-the-institutions-in-jakarta" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/54929.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">285</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8</span> Analysis on Solar Panel Performance and PV-Inverter Configuration for Tropical Region</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Eko%20Adhi%20Setiawan">Eko Adhi Setiawan</a>, <a href="https://publications.waset.org/abstracts/search?q=Duli%20Asih%20Siregar"> Duli Asih Siregar</a>, <a href="https://publications.waset.org/abstracts/search?q=Aiman%20Setiawan"> Aiman Setiawan</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Solar energy is abundant in nature, particularly in the tropics which have peak sun hour that can reach 8 hours per day. In the fabrication process, Photovoltaic’s (PV) performance are tested in standard test conditions (STC). It specifies a module temperature of 25°C, an irradiance of 1000 W/ m² with an air mass 1.5 (AM1.5) spectrum and zero wind speed. Thus, the results of the performance testing of PV at STC conditions cannot fully represent the performance of PV in the tropics. For example Indonesia, which has a temperature of 20-40°C. In this paper, the effect of temperature on the choice of the 5 kW AC inverter topology on the PV system such as the Central Inverter, String Inverter and AC-Module specifically for the tropics will be discussed. The proper inverter topology can be determined by analysis of the effect of temperature and irradiation on the PV panel. The effect of temperature and irradiation will be represented in the characteristics of I-V and P-V curves. PV’s characteristics on high temperature would be analyzed using Solar panel modeling through MATLAB Simulink based on mathematical equations that form Solar panel’s characteristic curve. Based on PV simulation, it is known then that temperature coefficients of short circuit current (ISC), open circuit voltage (VOC), and maximum output power (PMAX) consecutively as high as 0.56%/oC, -0.31%/oC and -0.4%/oC. Those coefficients can be used to calculate PV’s electrical parameters such as ISC, VOC, and PMAX in certain earth’s surface’s certain point. Then, from the parameters, the utility of the 5 kW AC inverter system can be determined. As the result, for tropical area, string inverter topology has the highest utility rates with 98, 80 %. On the other hand, central inverter and AC-Module Topology has utility rates of 92.69 % and 87.7 % eventually. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Photovoltaic" title="Photovoltaic">Photovoltaic</a>, <a href="https://publications.waset.org/abstracts/search?q=PV-Inverter%20Configuration" title=" PV-Inverter Configuration"> PV-Inverter Configuration</a>, <a href="https://publications.waset.org/abstracts/search?q=PV%20Modeling" title=" PV Modeling"> PV Modeling</a>, <a href="https://publications.waset.org/abstracts/search?q=Solar%20Panel%20Characteristics." title=" Solar Panel Characteristics."> Solar Panel Characteristics.</a> </p> <a href="https://publications.waset.org/abstracts/39210/analysis-on-solar-panel-performance-and-pv-inverter-configuration-for-tropical-region" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/39210.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">379</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">7</span> Effect of Iron Fortification on the Antibacterial Activity of Synbiotic Fermented Milk</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Siti%20Helmyati">Siti Helmyati</a>, <a href="https://publications.waset.org/abstracts/search?q=Euis%20Nurdiyawati"> Euis Nurdiyawati</a>, <a href="https://publications.waset.org/abstracts/search?q=Joko%20Susilo"> Joko Susilo</a>, <a href="https://publications.waset.org/abstracts/search?q=Endri%20Yuliati"> Endri Yuliati</a>, <a href="https://publications.waset.org/abstracts/search?q=Siti%20Fadhilatun%20Nashriyah"> Siti Fadhilatun Nashriyah</a>, <a href="https://publications.waset.org/abstracts/search?q=Kurnia%20Widyastuti"> Kurnia Widyastuti</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Background: Iron fortification is one of the most effective and sustainable strategies to overcome anemia. It contradictively, has negative effect on gut microbiota balance. Pathogenic bacteria required iron for their growth. The iron source have greatly affect iron absorption in the intestine. Probiotic can inhibit the growth of pathogen. Lactobacillus plantarum Dad 13, Indonesian local isolate provides many benefits for health while fructo-oligosaccharides (FOS) provides selective substrates for probiotics’ growth. Objective: To determine the effect of iron fortification (NaFeEDTA and FeSO4) on antibacterial activity of synbiotic fermented milk. Methods: The antibacterial activity test was performed using the disc diffusion method. Paper discs were soaked in three kinds of synbiotic fermented milk, which are: 1) fortified with NaFeEDTA, 2) FeSO4 and 3) control. Escherichia coli was inoculated on nutrient agar medium. The ability of inhibition was shown by the formation of clear zone around the paper disc and measured in diameter (mm). Results: Synbiotic fermented milk fortified with iron (either NaFeEDTA or FeSO4) had antibacterial activity against Escherichia coli with diameter of clear zone were 6.53 mm and 12.3 mm, respectively (p<0.05). Compared to control (10.73 mm), synbiotic fermented milk fortified with FeSO4 had similar antibacterial activity (p>0.05). Conclusions: In vitro, synbiotic fermented milk fortified with NaFeEDTA and FeSO4 had different antibacterial activity against Escherichia coli. Iron fortification compound affected the antibacterial activity of synbiotic fermented milk. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=lactobacillus%20plantarum%20Dad%2013" title="lactobacillus plantarum Dad 13">lactobacillus plantarum Dad 13</a>, <a href="https://publications.waset.org/abstracts/search?q=FOS" title=" FOS"> FOS</a>, <a href="https://publications.waset.org/abstracts/search?q=NaFeEDTA" title=" NaFeEDTA"> NaFeEDTA</a>, <a href="https://publications.waset.org/abstracts/search?q=FeSO4" title=" FeSO4"> FeSO4</a>, <a href="https://publications.waset.org/abstracts/search?q=antibacterial%20activity" title=" antibacterial activity"> antibacterial activity</a> </p> <a href="https://publications.waset.org/abstracts/17035/effect-of-iron-fortification-on-the-antibacterial-activity-of-synbiotic-fermented-milk" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/17035.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">554</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">6</span> Applying Knowledge Management and Attitude Based on Holistic Approach in Learning Andragogy, as an Effort to Solve Environmental Problems after Mining Activities</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Aloysius%20Hardoko">Aloysius Hardoko</a>, <a href="https://publications.waset.org/abstracts/search?q=Susilo"> Susilo</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The root cause of environmental damage post coal mining activities as determined by the province of East Kalimantan as a corridor of economic activity masterplan acceleration of economic development expansion (MP3EI) is the behavior of adults. Adult behavior can be changed through knowledge management and attitude. Based on the root of the problem, the objective of the research is to apply knowledge management and attitude based on holistic approach in learning andragogy as an effort to solve environmental problems after coal mining activities. Research methods to achieve the objective of using quantitative research with pretest posttest group design. Knowledge management and attitudes based on a holistic approach in adult learning are applied through initial learning activities, core and case-based cover of environmental damage. The research instrument is a description of the case of environmental damage. The data analysis uses t-test to see the effect of knowledge management attitude based on holistic approach before and after adult learning. Location and sample of representative research of adults as many as 20 people in Kutai Kertanegara District, one of the districts in East Kalimantan province, which suffered the worst environmental damage. The conclusion of the research result is the application of knowledge management and attitude in adult learning influence to adult knowledge and attitude to overcome environmental problem post coal mining activity. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=knowledge%20management%20and%20attitude" title="knowledge management and attitude">knowledge management and attitude</a>, <a href="https://publications.waset.org/abstracts/search?q=holistic%20approach" title=" holistic approach"> holistic approach</a>, <a href="https://publications.waset.org/abstracts/search?q=andragogy%20learning" title=" andragogy learning"> andragogy learning</a>, <a href="https://publications.waset.org/abstracts/search?q=environmental%20damage" title=" environmental damage"> environmental damage</a> </p> <a href="https://publications.waset.org/abstracts/74845/applying-knowledge-management-and-attitude-based-on-holistic-approach-in-learning-andragogy-as-an-effort-to-solve-environmental-problems-after-mining-activities" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/74845.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">241</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5</span> Implementation of Knowledge and Attitude Management Based on Holistic Approach in Andragogy Learning, as an Effort to Solve the Environmental Problems of Post-Coal Mining Activity</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Aloysius%20Hardoko">Aloysius Hardoko</a>, <a href="https://publications.waset.org/abstracts/search?q=Susilo"> Susilo</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The root cause of the problem after the environmental damage due to coal mining activities defined as the province of East Kalimantan corridor masterplan economic activity accelerated the expansion of Indonesia's economic development (MP3EI) is the behavior of adults. Adult behavior can be changed through knowledge management and attitude. Based on the root of the problem, the objective of the research is to apply knowledge management and attitude based on holistic approach in learning andragogy as an effort to solve environmental problems after coal mining activities. Research methods to achieve the objective of using quantitative research with pretest postes group design. Knowledge management and attitudes based on a holistic approach in adult learning are applied through initial learning activities, core and case-based cover of environmental damage. The research instrument is a description of the case of environmental damage. The data analysis uses t-test to see the effect of knowledge management attitude based on holistic approach before and after adult learning. Location and sample of representative research of adults as many as 20 people in Kutai Kertanegara District, one of the districts in East Kalimantan province, which suffered the worst environmental damage. The conclusion of the research result is the application of knowledge management and attitude in adult learning influence to adult knowledge and attitude to overcome environmental problem post-coal mining activity. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=knowledge%20management%20and%20attitude" title="knowledge management and attitude">knowledge management and attitude</a>, <a href="https://publications.waset.org/abstracts/search?q=holistic%20approach" title=" holistic approach"> holistic approach</a>, <a href="https://publications.waset.org/abstracts/search?q=andragogy%20learning" title=" andragogy learning"> andragogy learning</a>, <a href="https://publications.waset.org/abstracts/search?q=environmental%20Issue" title=" environmental Issue"> environmental Issue</a> </p> <a href="https://publications.waset.org/abstracts/76017/implementation-of-knowledge-and-attitude-management-based-on-holistic-approach-in-andragogy-learning-as-an-effort-to-solve-the-environmental-problems-of-post-coal-mining-activity" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/76017.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">207</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4</span> Study Variation of Blade Angle on the Performance of the Undershot Waterwheel on the Pico Scale</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Warjito">Warjito</a>, <a href="https://publications.waset.org/abstracts/search?q=Kevin%20Geraldo"> Kevin Geraldo</a>, <a href="https://publications.waset.org/abstracts/search?q=Budiarso"> Budiarso</a>, <a href="https://publications.waset.org/abstracts/search?q=Muhammad%20Mizan"> Muhammad Mizan</a>, <a href="https://publications.waset.org/abstracts/search?q=Rafi%20Adhi%20Pranata"> Rafi Adhi Pranata</a>, <a href="https://publications.waset.org/abstracts/search?q=Farhan%20Rizqi%20Syahnakri"> Farhan Rizqi Syahnakri</a> </p> <p class="card-text"><strong>Abstract:</strong></p> According to data from 2021, the number of households in Indonesia that have access to on-grid electricity is claimed to have reached 99.28%, which means that around 0.7% of Indonesia's population (1.95 million people) still have no proper access to electricity and 38.1% of it comes from remote areas in Nusa Tenggara Timur. Remote areas are classified as areas with a small population of 30 to 60 families, have limited infrastructure, have scarce access to electricity and clean water, have a relatively weak economy, are behind in access to technological innovation, and earn a living mostly as farmers or fishermen. These people still need electricity but can’t afford the high cost of electricity from national on-grid sources. To overcome this, it is proposed that a hydroelectric power plant driven by a pico-hydro turbine with an undershot water wheel will be a suitable pico-hydro turbine technology because of the design, materials and installation of the turbine that is believed to be easier (i.e., operational and maintenance) and cheaper (i.e., investment and operating costs) than any other type. The comparative study of the angle of the undershot water wheel blades will be discussed comprehensively. This study will look into the best variation of curved blades on an undershot water wheel that produces maximum hydraulic efficiency. In this study, the blade angles were varied by 180 ̊, 160 ̊, and 140 ̊. Two methods of analysis will be used, which are analytical and numerical methods. The analytical method will be based on calculations of the amount of torque and rotational speed of the turbine, which is used to obtain the input and output power of the turbine. Whereas the numerical method will use the ANSYS application to simulate the flow during the collision with the designed turbine blades. It can be concluded, based on the analytical and numerical methods, that the best angle for the blade is 140 ̊, with an efficiency of 43.52% for the analytical method and 37.15% for the numerical method. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=pico%20hydro" title="pico hydro">pico hydro</a>, <a href="https://publications.waset.org/abstracts/search?q=undershot%20waterwheel" title=" undershot waterwheel"> undershot waterwheel</a>, <a href="https://publications.waset.org/abstracts/search?q=blade%20angle" title=" blade angle"> blade angle</a>, <a href="https://publications.waset.org/abstracts/search?q=computational%20fluid%20dynamics" title=" computational fluid dynamics"> computational fluid dynamics</a> </p> <a href="https://publications.waset.org/abstracts/167638/study-variation-of-blade-angle-on-the-performance-of-the-undershot-waterwheel-on-the-pico-scale" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/167638.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">77</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3</span> Formulation of Hybrid Nanopowder-Molecular Ink for Fabricating Critical Material-Free Cu₂ZnSnS₄ Thin Film Solar Absorber</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Anies%20Mutiari">Anies Mutiari</a>, <a href="https://publications.waset.org/abstracts/search?q=Neha%20Bansal"> Neha Bansal</a>, <a href="https://publications.waset.org/abstracts/search?q=Martin%20Artner"> Martin Artner</a>, <a href="https://publications.waset.org/abstracts/search?q=Veronika%20Mayer"> Veronika Mayer</a>, <a href="https://publications.waset.org/abstracts/search?q=Juergen%20Roth"> Juergen Roth</a>, <a href="https://publications.waset.org/abstracts/search?q=Mathias%20Weil"> Mathias Weil</a>, <a href="https://publications.waset.org/abstracts/search?q=Rachmat%20Adhi%20Wibowo"> Rachmat Adhi Wibowo</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Cu₂ZnSnS₄ (CZTS) compound (mineral name kesterite) has attracted considerable interests for photovoltaic application owing to its optoelectrical properties. Moreover, its elemental abundance in Earth’s crust offers a comparative advantage for envisaged large-scale photovoltaic deployment without any material shortage issues. In this contribution, we present an innovative route to prepare CZTS solar absorber layer for photovoltaic application from low-cost and up-scalable process. CZTS layers were spin coated on the Molybdenum-coated glass from two inks composed of different solvents; dimethylsulfoxide (DMSO) and ultrapure water. Into each solvent; 0.57M CuCl₂, 0.39M ZnCl₂, 0.53M SnCl₂, and 1.85M Thiourea or Na₂S₂O₃, as well as pre-synthesized CZTS nanopowder, were added as sources of Cu, Zn, Sn and S in the ink. The crystallisation of ink into CZTS dense layers was carried out by firstly annealing the as-deposited CZTS layer in open air at 300°C for 1 minute, followed by sulfurisation at 560–620°C under atmospheric pressure for 120 minutes. Complementary electron microscopy, grazing incidence X-ray diffraction and Raman spectroscopy investigations suggest that both solvents can be used for preparing high quality and device relevant CZTS solar absorber layers. The sulphurisation crystallizes the as-deposited CZTS into highly polycrystalline CZTS layer with tetragonal structure demonstrated by the presence of tetrahedrally-shaped grains with the size of 1 µm. An advancement of the CZTS layer preparation was made by gradual substitution of volatile organic compound solvent of DMSO with ultrapure water. It is revealed that by using similar air annealing and sulphurisation process, dense and compact CZTS layers can also be fabricated from an ink with reduced volatile organic compound content. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=kesterite" title="kesterite">kesterite</a>, <a href="https://publications.waset.org/abstracts/search?q=solar%20ink" title=" solar ink"> solar ink</a>, <a href="https://publications.waset.org/abstracts/search?q=spin%20coating" title=" spin coating"> spin coating</a>, <a href="https://publications.waset.org/abstracts/search?q=photovoltaics" title=" photovoltaics"> photovoltaics</a> </p> <a href="https://publications.waset.org/abstracts/100965/formulation-of-hybrid-nanopowder-molecular-ink-for-fabricating-critical-material-free-cu2znsns4-thin-film-solar-absorber" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/100965.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">171</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">2</span> Risk Management in Islamic Micro Finance Credit System for Poverty Alleviation from Qualitative Perspective</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Liyu%20Adhi%20Kasari%20Sulung">Liyu Adhi Kasari Sulung</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Poverty has been a major problem in Indonesia. Islamic micro finance (IMF) named Baitul Maal Wat Tamwil (Bmt) plays a prominent role to eradicate this. Indonesia as the biggest muslim country has many successful applied products such as worldwide adopt group-based lending approach, flexible financing for farmers, and gold pawning. The Problems related to these models are operation risk management and internal control system (ICS). A proper ICS will help an organization in preventing the occurrence of bad financing through detecting error and irregularities in its operation. This study aims to seek a proper risk management scheme of credit system in Bmt and internal control system’s rank for every stage. Risk management variables are obtained at the first In-Depth Interview (IDI) and Focus Group Discussion (FGD) with Shariah supervisory boards, boards of directors, and operational managers. Survey was conducted covering nationwide data; West Java, South Sulawesi, and West Nusa Tenggara. Moreover, Content analysis is employed to build the relationship among these variables. Research Findings shows that risk management Characteristics in Indonesia involves ex ante, credit process, and ex post strategies to deal with risk in credit system. Ex-ante control consists of Shariah compliance, survey, group leader reference, and islamic forming orientation. Then, credit process involves saving, collateral, joint liability, loan repayment, and credit installment controlling. Finally, ex-post control includes shariah evaluation, credit evaluation, grace period and low installment provisions. In addition, internal control order sort three stages by its priority; Credit process as first rank, then ex-post control as second, and ex ante control as the last rank. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=internal%20control%20system" title="internal control system">internal control system</a>, <a href="https://publications.waset.org/abstracts/search?q=islamic%20micro%20finance" title=" islamic micro finance"> islamic micro finance</a>, <a href="https://publications.waset.org/abstracts/search?q=poverty" title=" poverty"> poverty</a>, <a href="https://publications.waset.org/abstracts/search?q=risk%20management" title=" risk management "> risk management </a> </p> <a href="https://publications.waset.org/abstracts/19296/risk-management-in-islamic-micro-finance-credit-system-for-poverty-alleviation-from-qualitative-perspective" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/19296.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">408</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">1</span> Determination Optimum Strike Price of FX Option Call Spread with USD/IDR Volatility and Garman–Kohlhagen Model Analysis</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Bangkit%20Adhi%20Nugraha">Bangkit Adhi Nugraha</a>, <a href="https://publications.waset.org/abstracts/search?q=Bambang%20Suripto"> Bambang Suripto </a> </p> <p class="card-text"><strong>Abstract:</strong></p> On September 2016 Bank Indonesia (BI) release regulation no.18/18/PBI/2016 that permit bank clients for using the FX option call spread USD/IDR. Basically, this product is a combination between clients buy FX call option (pay premium) and sell FX call option (receive premium) to protect against currency depreciation while also capping the potential upside with cheap premium cost. BI classifies this product as a structured product. The structured product is combination at least two financial instruments, either derivative or non-derivative instruments. The call spread is the first structured product against IDR permitted by BI since 2009 as response the demand increase from Indonesia firms on FX hedging through derivative for protecting market risk their foreign currency asset or liability. The composition of hedging products on Indonesian FX market increase from 35% on 2015 to 40% on 2016, the majority on swap product (FX forward, FX swap, cross currency swap). Swap is formulated by interest rate difference of the two currency pairs. The cost of swap product is 7% for USD/IDR with one year USD/IDR volatility 13%. That cost level makes swap products seem expensive for hedging buyers. Because call spread cost (around 1.5-3%) cheaper than swap, the most Indonesian firms are using NDF FX call spread USD/IDR on offshore with outstanding amount around 10 billion USD. The cheaper cost of call spread is the main advantage for hedging buyers. The problem arises because BI regulation requires the call spread buyer doing the dynamic hedging. That means, if call spread buyer choose strike price 1 and strike price 2 and volatility USD/IDR exchange rate surpass strike price 2, then the call spread buyer must buy another call spread with strike price 1’ (strike price 1’ = strike price 2) and strike price 2’ (strike price 2’ > strike price 1‘). It could make the premium cost of call spread doubled or even more and dismiss the purpose of hedging buyer to find the cheapest hedging cost. It is very crucial for the buyer to choose best optimum strike price before entering into the transaction. To help hedging buyer find the optimum strike price and avoid expensive multiple premium cost, we observe ten years 2005-2015 historical data of USD/IDR volatility to be compared with the price movement of the call spread USD/IDR using Garman–Kohlhagen Model (as a common formula on FX option pricing). We use statistical tools to analysis data correlation, understand nature of call spread price movement over ten years, and determine factors affecting price movement. We select some range of strike price and tenor and calculate the probability of dynamic hedging to occur and how much it’s cost. We found USD/IDR currency pairs is too uncertain and make dynamic hedging riskier and more expensive. We validated this result using one year data and shown small RMS. The study result could be used to understand nature of FX call spread and determine optimum strike price for hedging plan. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=FX%20call%20spread%20USD%2FIDR" title="FX call spread USD/IDR">FX call spread USD/IDR</a>, <a href="https://publications.waset.org/abstracts/search?q=USD%2FIDR%20volatility%20statistical%20analysis" title=" USD/IDR volatility statistical analysis"> USD/IDR volatility statistical analysis</a>, <a href="https://publications.waset.org/abstracts/search?q=Garman%E2%80%93Kohlhagen%20Model%20on%20FX%20Option%20USD%2FIDR" title=" Garman–Kohlhagen Model on FX Option USD/IDR"> Garman–Kohlhagen Model on FX Option USD/IDR</a>, <a href="https://publications.waset.org/abstracts/search?q=Bank%20Indonesia%20Regulation%20no.18%2F18%2FPBI%2F2016" title=" Bank Indonesia Regulation no.18/18/PBI/2016"> Bank Indonesia Regulation no.18/18/PBI/2016</a> </p> <a href="https://publications.waset.org/abstracts/65033/determination-optimum-strike-price-of-fx-option-call-spread-with-usdidr-volatility-and-garman-kohlhagen-model-analysis" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/65033.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">380</span> </span> </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/WASET-16th-foundational-anniversary.pdf">WASET celebrates its 16th foundational 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