W8_HPO_Accepting A Project/Contract

1. Problem Statement

Continuing from the previous Blog 6. Determining The Contractor’s IRR in PSC, now contractor must determine whether it should accept the the project/contract or not. Does contractor have to accept the project/contract? Is it economical or uneconomical to contractor?

W8_AFS_ Managing Small Project: Work Breakdown Structure Selection

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 try to select WBS with using multi attributes decision making technique

W8.1_ASY_Workflow for Productivity Improvement

Problem Statement

Here in Indonesia, beside in new field there are many oil and gas companies are operatingin a mature field, problems raised when the company faced to manage how to achieve high recovery rates, how to use personnel effectively, how improve production and create an efficient cost structure. That would mean improving business processes, formalizing its corporate knowledge and supporting integrated long-term asset planning and short-term operational planning. As revision from my W8 blog discuss here I want to talk about how could the company introduce workflow improve productivity as well as reduce maintenance cost to increase reliability at minimum cost as part of business improvement.

W8_ANG_WACC for Student Pick-up Service

Problem Statement

As per my promise on my last blog posting, now I would discuss to determine MARR in the arrangement that the fund is mixed between equity and debt (borrowed fund). I would put two scenarios on the borrowed fund: 1^st is ten million rupiah (21.74% of investment) and 2^nd is forty million rupiah (86.96% of investment) which both are using the same pessimistic approach as mentioned on my 5 blog posting. By simulating these two scenarios expected that we could understand that changing the percentage of borrowing fund not only impacts the MARR, but also IRR of investment.

In the next blog posting, I plan to discuss ERR triggered by when I calculated the same borrowed fund scenario using most likely approach, the IRR result is very high and I suspect it might be problem of IRR calculation method as mentioned on Engineering Book page 205.

W8_ASY_Workflow for Productivity Improvement

Problem Statement

Here in Indonesia, beside in new field there are many oil and gas companies are operating in a mature field, problems raised when the company faced to manage how to achieve high recovery rates,how to use personnel effectively, how improve production and create an efficient cost structure. That would mean improving business processes, formalizing its corporate knowledge and supporting integrated long-term asset planning and short-term operational planning. I want to continue from my W7 blog discuss here about how could the company introduce workflow improve productivity as well as reduce maintenance cost to maximize production without disruptions.

W8.1_AEP_Cow saving for Eid al-Adha

Problem identification

Performing sacrifice is something that is highly recommended for every wealthy Muslim. Allah has determined camels, oxen, goats and sheep as sacrificial animals. A goat or a sheep slaughtered on Eid al-Adha feast is sufficient for a family. A Camel or a cow can be sacrificed for the seven people in associate. Livestock prices increasing every year, influenced by market supply and demand, import policies, national food security enhancement programs, as well as inflation. According to 2013, a unit price of a live cow was Rp47 000 per kg, while in 2009 price only Rp30 000 per kg. In today’s rupiah, the price in 2009 is equal to Rp36 000. Purchase power of Rupiah to the livestock prices is decreasing.

W8_TOM_ Lease VS Purchase Impact to Profit & Loss Statement with Case Study: a Mini-Mart Business

1. Problem Definition

As I have mentioned in my previous blog (https://simatupangaace2014.wordpress.com/2013/10/18/w7_tom_-lease-vs-purchase-own-analysis-of-a-diesel-generator/) , I will try to simulate how Lease VS Purchase impacts the profitability (Profit and Loss Statement or P&L).

Continuing from previous blog, the case study is still a mini-mart business.

W8_AEP_Cow saving for Eid al-Adha

Problem identification

Performing sacrifice is something that is highly recommended for every wealthy Muslim. Allah has determined camels, oxen, goats and sheep as sacrificial animals. A goat or a sheep slaughtered on Eid al-Adha feast is sufficient for a family. A Camel or a cow can be sacrificed for the seven people in associate. Livestock prices increasing every year, influenced by market supply and demand, import policies, national food security enhancement programs, as well as inflation. According to 2013, a unit price of a live cow was Rp47 000 per kg, while in 2009 price only Rp30 000 per kg. In today’s rupiah, the price in 2009 is equal to Rp36 000. Purchase power of Rupiah to the livestock prices is decreasing.

W8.2_HWB_Forecast of Construction Cost with Gold Price

1. Problem Definition

In this 8^th blog I will try to calculate the construction price forecast for Drilling Site Preparation (DSP) for year 2022 with predictions based on the gold price increases. As we know the value of gold has relative purchasing power remains. The cost price that would be predicted is for budgeting POFD (Plan of Future Development) in onshore oil and gas field as part of the 30 years contract.

W8.1_HWB_Forecast of Construction Cost with Gold Price

1. Problem Definition

In this 8^th blog I will try to calculate the construction price forecast for Drilling Site Preparation (DSP) for year 2022 with predictions based on the gold price increases. As we know the value of gold has relative purchasing power remains. The cost price that would be predicted is for budgeting POFD (Plan of Future Development) in onshore oil and gas field as part of the 30 years contract.