The Cost Management of Innovative Products in an Industrial Enterprise Given the Risks in the Digital Economy

The sustainability aspect of the palm oil business strategy is a significant part of dealing with changes in the future. The rest of the processed products that have not been handled perfectly is a form of material loss that reduces income and environmental sustainability. Even though the company has reported and compiled its responsibilities, the actual productivity of the company is much lower because the amount of hidden waste has not been fully considered. This research involves companies introducing material flow cost accounting in tracing and calculating physical resources and financing. This method helps companies to determine the number of negative and positive products as a basis for evaluation for saving resources and reducing environmental impacts through reducing oil losses and increasing yields. This effort will become a competitive advantage and encourage the ability of business actors to increase revenue and reduce waste. Scenarios of improving the quality of fresh fruit bunches, optimizing the sterilization process, and increasing the amount of pulp are adaptive choices in terms of availability and resource capacity. Dissemination of efforts and successes in improving resource efficiency to stakeholders is vital to increasing the value and sustainability of the palm oil business.

Section: Cost Accountingmentioning

confidence: 99%

Material Flow Cost Accounting in Palm Oil: Promoting Transparency in the Use of Materials and Appropriate Scenario in Resource Saving and Waste Reduction

Kurniawan,

Guritno,

Purwantana

et al. 2024

“…Sustainable growth largely depends on PA. PA are expected to result in intensive business development, with innovations being essential. This is the way to maximize productivity and reduce costs with minimal capital investment (Burova et al, 2021;Zaytsev et al, 2020b;Donbesuur et al, 2020). At the same time, PA are macroeconomically significant because an entity's IP, as well as that of territories, industries, and clusters, is dependent on resource efficiency.…”

Section: Role Of Project Activities In the Formation Of Innovative Po...mentioning

confidence: 99%

The Instrumental Apparatus of the Innovative Potential Audit of the Enterprise in the Implementation of Project Activities

Dmitriev¹,

Zaytsev²,

Faizullin³

et al. 2022

Innovative development ensures high efficiency and competitiveness in production. However, project activities and sufficient investments are needed in order to encourage innovation. In this way, the relevance of studying the feasibility of project activities in the context of innovative development is growing. This study is aimed at developing tools for auditing the innovative potential of an enterprise, which could be used for investigating the relationships between the dynamics of the innovative potential and the project performance figures grouped by investment categories. The paper examines the impact of project activities on the innovative potential of an enterprise and its innovative position in the industry. The suggested instrumental approach was tested on some enterprises operating in the construction industry. The testing allowed us to rank the enterpris es in the industry using open data and to study the relationship between the types of investments made into projects by a particular enterprise and its innovative position. To identify the dependencies, we recommend using correlation and regression analysis. The significance of the approach is in its versatility, since it can be adapted to the conditions of operation in any industry, provided there is sufficient data.

“…Meanwhile, quantitative risk analyses, such as Bow-tie, Barrier block diagram, and Petri net, show an inability to consider conditional dependencies amongst underlying events Zarei et al (2017). The Bayesian method has also proven capable of being used in complex model development Burova et al (2021) by using a weighting method to evaluate business economics risk Lyukevich et al (2020). The advantages and flexibility of the Bayesian network method are chosen in the risk analysis of the complex system installation of the engine room zone 2.…”

Section: Introductionmentioning

confidence: 99%

Engine Room Module Installation System Risk Analysis Based on Bayesian Network

Baroroh,

Ma’ruf,

Basuki

et al. 2024

Implementation of system installation risk on engine room module aims to anticipate ship production delays. However, in its implementation, there is the problem of ship delivery delays in various shipbuilding companies. This research will analyze the risk analysis of the installation of the engine room module system by identifying risk factors and parameters that affect performance as a hazard identification that has the potential to cause delivery delays. The object of the research is the Indonesian Navy's Auxiliary Hospital Ship, which has 6 zones with a pilot project developed in zone 2. This includes an engine room that contains important constructions in the form of a main motor foundation, auxiliary motor, and other machinery, where the system was integrated. Moreover, there are some works consisting of construction, outfitting, and commissioning which are very complicated and require high accuracy. The aim of the implementation of risk analysis of the installation system in the engine room's module is to assess potential risks, the effect of risk on project delays, and project cost overruns. The research method uses a Bayesian network because it is able to assess the most potential risks and predict the possibility of delays at network nodes. The primary risk is associated with electrical activities, specifically electrical outfitting on wiring, clamping, and compound sub-components with a probability of (0.0002560) in the Machinery Outfitting and Electrical Department. This risk stems from inappropriate steps during drawing revisions, which have the potential to cause delays in equipment installation, cable material procurement, and the generation of cable cutting data. Therefore, early coordination with production planning control, design, and the supply chain is crucial.