Measuring of the Population Happiness Index of Bandung City

Abstract

The progress of development based on economic indicators, is considered not reflect the level of welfare. Happiness Index is an indicator that measures of well-being subjectively is beyond GDP. Happiness Index is a composite index based on the level of satisfaction with the 10 essential aspects of life: health, education, occupation, household income, family harmony, the availability of free time, social relations, housing conditions and assets, the environment and safety conditions. Bandung Regional Development Planning Agency has cooperated with the Laboratory of Quality Control Department of Statistics University Padjadjaran to measure the level of happiness of the population of Bandung. Survey carried out in 30 Districts with the random sampling design that is intended to represent the level of happiness of the citizens of Bandung. Covered 151 villages in Bandung with a sample of more than 2 times than in 2014- SPTK-BPS Happiness index of Bandung in 2015 was 70.60. Calculations using the framework of the American Customer Satisfaction Index produces greater happiness index which is 74. Three aspects of life that have the highest contribution are Employment (11.91%), Social Affairs (11:39%) and Harmony Family (11.28%). The highest happiness index is related to family harmony. Strategic recommendations given are the increase in the program: employment and self-employment, housing, education, increased hedonic level of Affect, increase self-function.

Sociological measurement of the happiness index in Central Asian Countries

“…As a consequence, the various rankings of happy countries that are produced at the same time are led by very different countries and do not include many specific characteristics. Therefore, in order to make the ranking of countries in the happiness index more accurate and reliable, such factors should be removed and more components, especially national and cultural characteristics, should be taken into consideration (Hidayat and Purwandari, 2019). Thus, having conducted the research in the field of studying the sociological measurement of the happiness index in the countries of Central Asia, a general model of formation of happiness assessment was considered, which consists of macroeconomic conditions and national and cultural characteristics.…”

Mechanisms of Stock Selection and Its Capital Weighing in the Portfolio Design Based on the MACD-K-Means-Mean-VaR Model

“…Finally, the portfolio's mechanism for weighting stock capital uses the mean value at risk (mean VaR) model involving transaction cost and income tax variables. The mean-VaR model was chosen because it can adjust investors' courage in bearing risk by choosing return quantiles in the VaR calculation [43]. This research academically develops a portfolio design mechanism by clustering stocks and analyzing its price movement trends, enabling investors to practically diversify and choose stocks with increasing price trends, reducing losses, and increasing profit opportunities.…”