Category Archives: Week 07

W7.1_HPO_Determining The Contractor’s IRR in Production Sharing Contract


1. Problem Statement

Production Sharing Contracct (PSC) is a kind of contract between government and investor to share the production of petroleum after deduction of extraction cost. Government and contractor share the risk and result of production. How the contractror should calculate the real IRR of their investment recovery through PSC?

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Filed under Hadianto P, Week 07

W7_HPO_Determining the Contractor’s IRR in Production Sharing Contract


1. Problem Statement

Production Sharing Contracct (PSC) is a kind of contract between government and investor to share the production of petroleum after deduction of extraction cost. Government and contractor share the risk and result of production. How the contractror should calculate the real IRR of their investment recovery through PSC?

Continue reading

3 Comments

Filed under Hadianto P, Week 07

W7_ANG_MARR based on full equity fund for Student Pick-up Service


Problem Statement

For the follow up of CfH comment about my Week 5th Blog posting, in this posting I will discuss about the value of Minimum Attractive Rate of Return (MARR) as our basis to determine whether the projected rate of return of having student pick up service business is attractive enough to be proceeded or not.

In this posting the determination of MARR is based on an assumption that the investment is fully funded by equity of personal investor. For the next blog posting, I plan to put assumption that the fund will be mixed between equity and debt (borrowed fund) to discuss about the Weighted Average Cost of Capital (WACC).

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Filed under Anggono M, Week 07

W7_WAS_Fuel Consumption_Internal Process


Step 1- Problem or Opportunity Statement

My previous blogpost discussed about fuel consumption usage: whether it is under control or not, now we will determine Internal Problem.

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Filed under Week 07, Wirawan ASP

W7_AEP_Walk through the storm


Problem identification

Six weeks have passed since the Simatupang AACE 2014 Team was formed to fulfil the AACE International certification project. In the beginning, it was suggested for the Team select the Norming stage, eventhough Clark’s Team Development Survey resulted the Performing stage. The team leader also suggested to be alert and maintain the team performance by using the Situational Leadership Model of coaching and participating. Ongoing weekly progress reports then showed the group dynamics and trends that may affect the whole team’s performance. Unfortunately, some deliverables are behind their schedules and more are coming in the subsequent weeks. Something is happening and require immediate action to restore the moral of the team individual.

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Filed under Afriandi EP, Week 07

W7_HWB_Learning Curves for Blog Posting


1. Problem Definition

I have already made ​​seven blogs (including this W7 blog) of the total 22 blogs that have to be made. How to know the time I used to set up W22 blog will be predict from now. I will be made the learning curve from the each time writing blog data. The results of the learning curve is expected to note the time of writing the blog in the foreseeable future.

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Filed under Hari W, Week 07

W7_ASY_Reduction of Operation & Maintenance Cost for Oil and Gas


Problem Statement

Maintenance productivity is one of the most important issues which govern the economics of production activities. Talking about productivity it will end to the question of how much cost we can reduce because of increasing productivity or how much we loose because of degrading productivity. Now I want to talk about what kind of aspects is possible to be an alternative to reduce cost in operation and maintenance

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Filed under Asyhad, Week 07

W7_TOM_ Lease VS Purchase (Own) Analysis of a Diesel Generator


1. Problem Definition

I am planning to start my own business and one from many business options seems favorable to me is investing in retail sectors which is a mini-mart at suburban area.

I wanted to have a 24 hours service mini-mart therefore need to have a Diesel Generator as a back-up power.

For information, a diesel generator is the combination of a diesel engine with an electric generator (often an alternator) to generate electrical energy.

Diesel generating sets are used in places without connection to the power grid, as emergency power-supply if the grid fails, as well as for more complex applications such as peak-lopping, grid support and export to the power grid. Sizing of diesel generators is critical to avoid low-load or a shortage of power and is complicated by modern electronics, specifically non-linear loads. (Source: http://en.wikipedia.org/wiki/Diesel_generator)


Picture 1- Diesel Generator

Source: http://acehardware.co.id/product/product_detail/1398#.Ul9hk9Lwmnk

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6 Comments

Filed under Tommy Edward, Week 07

W7_SSD_Multiattributes Decision Compensatory Model – Selecting Solution for Network Issues


1. Problem Definition

In previous blog, I use Non Compensatory Model to make decision on selecting a project to fix a network issue. In this blog I will use Compensatory Model for my decision making selection process using the same problem as per in blog week 6. I also would like to use this blog to claim for Problem Solving Work for Engineering Economic Chapter 14 Decision Making Considering Multiattributes. Continue reading

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Filed under Sadat SD, Week 07

W7_AFS_ Managing Small Project: NORSOK Standard Z-014 3D WBS


Problem Recognition, Definition, and Evaluation

The new project has been established with name Water Pre Treatment Package Project. The Project objectives are:

  1. To ensure there is no solid particles carry over from water well to WTP
  2. To increase potable water production capacity
  3. To reduce time for backwash activity
  4. To Prevent RO membranes damage due to contamination in its feed water

During FEL-0, Operation people defined that to achieve all of project objective above, we shall install pre-treatment unit at Upstream of WTP. This week blog, we will create NORSOK Standard Z-014 3D WBS as one of other alternative for this project

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Filed under A Fahmi S, Week 07