Monte Carlo Net Present Value for Techno-Economic Analysis of Oil and Gas Production Sharing Contract

Wicaksono, Fermi Dwi; Arshad, Yusri; Sihombing, Haeryip

doi:10.14716/ijtech.v10i4.2051

Cited by 9 publications

(5 citation statements)

References 16 publications

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“…However, farmers must become cooperative members in this supply chain system to benefit. Cooperatives can buy products from members and non-members, but the value of the profits obtained is different (Wicaksono, Arshad, and Sihombing, 2019). Another advantage obtained is that farmers do not have to look for market share, bear transaction costs, and protect products from market uncertainty (Alho, 2015).…”

Section: Resultsmentioning

confidence: 99%

Improving Salt Farmer’s Bargain Power through Demand Allocation and Profit Sharing: A Cooperative Game Approach

Maflahah,

Wirjodirdjo,

Karningsih

2024

IJTech

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Oligopoly has remained a serious problematic market structure in the Indonesian salt supply chain, which exterminates the bargaining power of farmers. To eradicate the problem, a hybrid collaboration structures, i.e., vertical collaboration (farmers with cooperatives) and horizontal collaboration (farmers with farmers), are proposed, enabling to bring positive economic impacts to farmers. This novel supply chain-system model follows the cooperative game theory with Shapley's value for decision-making process. This work aimed to evaluate the implementation of the two partnership models for the supply chain of salt regarding their impacts on economic benefits for farmers assessed by Shapley's value of coalitions. The constructed model revealed that collaborative works between salt stakeholders improved farmers' revenue, and the optimum benefit was achieved by farmers when their supply (≤20%) was purchased by cooperatives, while the remaining was bought by middlemen. In this regard, the significant capacity of the cooperative should be invigorated in various sectors, including saving and loan services, market seekers, salt price making, and improvement of salt quality. Although farmers-to-farmers collaboration also bring mutual benefits, additional attempts by cooperatives, especially for small farmers, can be created to nurture a partnership between cooperatives and farmers, enabling them to generate more benefits.

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Section: Resultsmentioning

confidence: 99%

Improving Salt Farmer’s Bargain Power through Demand Allocation and Profit Sharing: A Cooperative Game Approach

Maflahah,

Wirjodirdjo,

Karningsih

2024

IJTech

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“…-companies -owners of oil & gas production assets (Wicaksono, Bin Arshad, & Sihombing, 2019); -companies holding licenses for subsoil use (subsoil users); https://doi. org/10.15405/epsbs.2020.03.91 Corresponding Author: D. Musina Selection and peer-review under…”

Section: Resultsmentioning

confidence: 99%

Justification Of The Organizational Model Of Partnership In Oil Production

Musina¹,

Solodovnikov²,

Makhneva³

2020

European Proceedings of Social and Behavioural Sciences

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“…Using the method of mathematical modeling, it was possible to obtain models reflecting the dependence of the country's GDP and HDI on oil and gas revenues. Economic analysis methods were used to solve the set tasks (Gajfullina, Nizamova, Musina, & Alexandrova, 2017;Wicaksono, Bin Arshad, & Sihombing, 2019).…”

Section: Methodsmentioning

confidence: 99%