Journal articles on the topic 'Business transaction model'
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Rudy, Rudy, and Natalia Limantara. "Model Data Warehouse dan Business Intelligence untuk Meningkatkan Penjualan pada PT. S." ComTech: Computer, Mathematics and Engineering Applications 2, no. 1 (June 1, 2011): 418. http://dx.doi.org/10.21512/comtech.v2i1.2774.
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Today a lot of companies use information system in every business activity. Every transaction is stored electronically in the database transaction. The transactional database does not help much to assist the executives in making strategic decisions to improve the company competitiveness. The objective of this research is to analyze the operational database system and the information needed by the management to design a data warehouse model which fits the executive information needs in PT. S. The research method uses the Nine-Step Methodology data warehouse design by Ralph Kimball. The result is a data warehouse featuring business intelligence applications to display information of historical data in tables, graphs, pivot tables, and dashboards and has several points of view for the management. This research concludes that a data warehouse which combines multiple database transactions with business intelligence application can help executives to understand the reports in order to accelerate decision-making processes.
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Murthy, Uday S., and Guido L. Geerts. "An REA Ontology-Based Model for Mapping Big Data to Accounting Information Systems Elements." Journal of Information Systems 31, no. 3 (May 1, 2017): 45–61. http://dx.doi.org/10.2308/isys-51803.
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ABSTRACT The term “Big Data” refers to massive volumes of data that grow at an increasing rate and encompass complex data types such as audio and video. While the applications of Big Data and analytic techniques for business purposes have received considerable attention, it is less clear how external sources of Big Data relate to the transaction processing-oriented world of accounting information systems. This paper uses the Resource-Event-Agent Enterprise Ontology (REA) (McCarthy 1982; International Standards Organization [ISO] 2007) to model the implications of external Big Data sources on business transactions. The five-phase REA-based specification of a business transaction as defined in ISO (2007) is used to formally define associations between specific Big Data elements and business transactions. Using Big Data technologies such as Apache Hadoop and MapReduce, a number of information extraction patterns are specified for extracting business transaction-related information from Big Data. We also present a number of analytics patterns to demonstrate how decision making in accounting can benefit from integrating specific external Big Data sources and conventional transactional data. The model and techniques presented in this paper can be used by organizations to formalize the associations between external Big Data elements in their environment and their accounting information artifacts, to build architectures that extract information from external Big Data sources for use in an accounting context, and to leverage the power of analytics for more effective decision making.
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Marques, Rui Pedro, Henrique Santos, and Carlos Santos. "Comparison and Evaluation of Organizational Transactions for Continuous Auditing and Business Compliance." International Journal of Information System Modeling and Design 9, no. 2 (April 2018): 1–23. http://dx.doi.org/10.4018/ijismd.2018040101.
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This article presents a comparator module which aims to compare, in real time, executions of organizational transactions with patterns of behaviors of these transaction executions, allowing the determination of which execution pattern is being followed by running each transaction. This is according to information received by the internal control mechanisms, which continuously monitors the transaction executions. A possible application using this module was deployed and results were obtained from a case study. The results prove effectiveness of the module, mainly because it is able to assess business compliance and the qualitative risk associated to each transaction execution while it is running, enabling an efficient continuous auditing application. The innovation of this article is ensured by the use of an ontological model to represent organizational transactions, which can be applicable to any type of transaction in any business area in order to audit transactions at a very low level, contrary to what happens in traditional auditing, which occurs at a high level (e.g. compare whether a completed transaction has followed a set of procedures). Besides the conceptualization, this work presents some technical details of development and discussion of results from the case study.
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Klassen, Kenneth J., and Richard C. Sansing. "A Model of Dynamic Tax Planning with an Application to Estate Freezes." Journal of the American Taxation Association 28, no. 1 (March 1, 2006): 1–24. http://dx.doi.org/10.2308/jata.2006.28.1.1.
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This paper develops a model of dynamic tax planning in which the implementation of a tax plan involves exercising an option to execute an irreversible investment or financing structure transaction. The model considers four aspects of such transactions and shows that transactions are deferred if the tax savings from the transaction are lower or if the time horizon over which the transaction can be executed is longer. Deferral is also increasing in cost of a future unfavorable event to which the irreversibility of the transaction limits one's ability to respond, but may increase or decrease with a change in the probability that an unfavorable event occurs. We apply the model to a common estate freeze tax plan in Canada. Undertaking an estate freeze requires a private company's owner-manager to choose how one's business assets are to be distributed at death. In contrast to the conventional wisdom regarding the timing of this strategy, we find that waiting to implement the strategy is often optimal. We test the model using data on family-owned businesses in Canada and find strong support for the model's predictions.
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Ahmadzai, Abdul Shabir, Qurban Yazdani, and Adamu Abubakar. "Analysis of Business Intelligence Systems Transmission Session." Journal of Science and Technology 27, no. 1 (December 6, 2022): 16–28. http://dx.doi.org/10.20428/jst.v27i1.1984.
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Information and Communication Technology (ICT) is the central part of Intelligent systems. Business Intelligence (BI) utilizes ICT resources and capabilities to enhance decision-making from the available information. One of the core components of ICT resources is the network. Hypertext Transfer Protocol (HTTP) is an application layer protocol in a network model responsible for handling "requests" in a transmission session. Transmission Control Protocol (TCP) establishes connections session and keeps track of the state of the communication session. Unfortunately, a request from a critical online transaction over TCP in a BI environment is bound to face some uncertainty. There is a lack of studies on the impact of communication over transmission sessions on BI operations. This paper presented an experimental evaluation of the BI transaction transmission session. Various transactions were performed to monitor and analyze the request made with HTTP over a TCP transmission session. Both the HTTP and TCP features for all transactions were captured. The finding indicates that time is highly associated with less traffic congestion and transaction overhead.
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Grustam, Andrija S., Hubertus Vrijhoef, Antonio Cordella, Ron Koymans, and Johan L. Severens. "Care coordination in a business-to-business and a business-to-consumer model for telemonitoring patients with chronic diseases." International Journal of Care Coordination 20, no. 4 (December 2017): 135–47. http://dx.doi.org/10.1177/2053434517747908.
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Introduction For telemonitoring to support care coordination, a sound business model is conditional. The aim of this study is to explore the systemic and economic differences in care coordination via business-to-business and business-to-consumer models for telemonitoring patients with chronic diseases. Methods We performed a literature search in order to design the business-to-business and business-to-consumer telemonitoring models, and to assess the design elements and themes by applying the activity system theory, and describe the transaction costs in each model. The design elements are content, structure, and governance, while the design themes are novelty, lock-in, complementarities, and efficiency. In the transaction cost analysis, we looked into all the elements of a transaction in both models. Results Care coordination in the business-to-business model is designed to be organized between the places of activity, rather than the participants in the activity. The design of the business-to-business model creates a firm lock-in but for a limited time. In the business-to-consumer model, the interdependencies are to be found between the persons in the care process and not between the places of care. The differences between the models were found in both the design elements and the design themes. Discussion Care coordination in the business-to-business and business-to-consumer models for telemonitoring chronic diseases differs in principle in terms of design elements and design themes. Based on the theoretical models, the transaction costs could potentially be lower in the business-to-consumer model than in the business-to-business, which could be a promoting economic principle for the implementation of telemonitoring.
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Kim, Hwa-Kyoung, and Eun-Ju Kim. "Business Transaction Preparation Plan for Business Reference Model Management." Journal of Korean Society of Archives and Records Management 14, no. 4 (November 30, 2014): 199–219. http://dx.doi.org/10.14404/jksarm.2014.14.4.199.
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Jia, Dexiang, Yongwei Liu, Yu Zang, Qingqi Chen, Yanhong Zhou, and Ganyun Lv. "Data interaction model for power transaction based on CIM." MATEC Web of Conferences 355 (2022): 02023. http://dx.doi.org/10.1051/matecconf/202235502023.
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With the increase of power transaction business, traditional power transaction data interaction models cannot fully meet the needs of data interaction. The data model conforming to the power transaction data architecture plays an important role. Data interaction requirements of Chinese electricity market transaction business are analyzed, and the specific method of power transaction data description is given in the IEC-61970 protocol standard. Also a common information model (CIM) for electricity trans-action data interaction is built that conforms to the data interaction architecture. Finally the functional description of the model is built adopting the unified modeling language (UML). Compared with the existing electricity transaction data interaction model, the method is beneficial to reduce the degree of data redundancy, increase the speed of data interaction, and thus improve the transaction efficiency of the electricity market.
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M.said, Ilham, Heri Cahyo Bagus Setiawan, Nuzulul Fatimah, and Tatag Herbayu L. "CHANGE BUSINESS MODEL OF ISLAMIC RELIGIOUS COLLEGE BUSINESS IN EAST JAVA BY BUILDING INTEGRATED ONLINE POLICY AND TECHNOLOGY SYSTEMS DURING THE COVID-19 PANDEMIC PERIOD." Journal of Islamic Economics Perspectives 2, no. 1 (September 23, 2020): 66–83. http://dx.doi.org/10.35719/jiep.v2i1.34.
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This study conducted an analysis and evaluation of business services activities P erguruan T Heigh under the Ministry of Religious Affairs in J awa T imur to create a model of an integrated online system to maximize kan activities of the service business during a pandemic covid 19. Enterprises college business has expanded rapid and during the pandemic covid has made changes to the service online, after the application of social distance in an effort to deal with the spread of the disease corona virus (Covid-19). Initially, an increase in people's interest to shop online was to buy necessities of life very high with many transaction processes. The aim is to provide effective and efficient services to all business transactions conducted online during the pandemic covid19. The methodology used is a qualitative research method with case studies and using purposive samples . The analytical approach used is interpretive analysis. The results of the research show that implementing an integrated online system is able to serve many business transaction processing activities which are greatly improved. So it can be concluded several things as follows: With an integrated online system through planning and organizing business systems can illustrate the various classifications of implementation of business services online business activities in order to facilitate all forms of business transaction processes quickly, effectively and efficiently during Covid-19. System integration of online ie business opportunities using technology that can deliver greater value for the business of the college that the college of business can be developed and can be maintained as well as helping people to meet their needs and facilitate online transactions.
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GREFEN, PAUL, and JOCHEM VONK. "A TAXONOMY OF TRANSACTIONAL WORKFLOW SUPPORT." International Journal of Cooperative Information Systems 15, no. 01 (March 2006): 87–118. http://dx.doi.org/10.1142/s021884300600130x.
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Structured business processes are the veins of complex business organizations. Workflows have generally been accepted as a means to model and support these processes, be they interactive or completely automated. The fact that these processes require robustness and clear semantics has generally been observed and has led to the combination of workflow and transaction concepts. Many variations on this combination exist, leading to many approaches to transactional workflow support. No clear classification of these approaches has been developed, however, resulting in a badly understood field. To deal with this problem, we describe a clear taxonomy of transactional workflow models in this paper, based on the relation between workflow and transaction concepts. We show that the classes in the taxonomy can be directly related to specification language and architecture types for workflow and transaction management systems. We compare the various classes with respect to their characteristics and place existing approaches in the taxonomy. We cover both "traditional" workflow approaches and more recent web-based approaches, including inter-organizational workflow approaches. Together, this paper offers a well-structured and concise analysis of the field of transactional business process support.
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Budiarti, I., R. Andrian, and A. W N Falah. "Application of Web Communication Relationship Management in Small and Medium Enterprises." International Journal of Research and Applied Technology 1, no. 1 (June 25, 2021): 49–54. http://dx.doi.org/10.34010/injuratech.v1i1.5611.
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Small and Medium Enterprises (UKM) in Indonesia are still managed traditionally since the touch of information technology is not optimal. On the other hand, the number of customers or transactions made by UKM may no longer be of small value. One modern business approach is to pay attention to customer factors, not only before the transaction but also after the transaction. Applications in the field of information technology in this domain are called Customer Relationship Management (CRM). This research tries to develop a CRM model adapted to the community's culture and the SME business model in Indonesia and considers the penetration of information technology in general. The approach used is to use the Prototype model in which the system creation process is structured and has several stages that must be passed so that the information system becomes better and easier. The results show the small and medium businesses can make CRM simpler and more generic
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Kusmiyati, Leni, and Anjar Priyono. "The strategy for combining online and offline business model for MSMEs." International Journal of Research in Business and Social Science (2147- 4478) 10, no. 4 (June 14, 2021): 406–19. http://dx.doi.org/10.20525/ijrbs.v10i4.1231.
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Digital transformation has created an information revolution, eliminated boundaries, created a knowledge-based global market, and in MSMEs finding new business models, conducting business transactions and collaborating in all fields to form economic strength. Activities that are completely digital, even transaction activities are carried out digitally because they are faster, more effective and efficient. Therefore, MSMEs can apply a business model strategy that can combine online and offline activities. To increase their capability, MSMEs start with developing strategies to become hybrid businesses and combined online and offline business models. In this case, the authors conducted research on MSMEs that use strategies to combine online and offline business, this study offers guidance for MSMEs on what strategies should be used in achieving a business hybrid so that online and offline business models can be combined. In the formation of a business hybrid, there are five capabilities, namely, assimilative capability, ambidextrous capability, environmental capability, autonomous capability and digital and non-digital competitiveness capability. The ability of assimilative can improve managerial ability in the company, absorb knowledge or resources not only from the external environment, but can come from different business units within a company.
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Muthia, Nurul, Hilda Amalia, Ari Puspita, and Ade Fitria Lestari. "RANCANG BANGUN SISTEM INFORMASI AKUNTANSI PENJUALAN DENGAN MODEL WATERFALL BERBASIS JAVA DESKTOP." JITK (Jurnal Ilmu Pengetahuan dan Teknologi Komputer) 5, no. 1 (August 15, 2019): 15–22. http://dx.doi.org/10.33480/jitk.v5i1.582.
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Every business entity is required to be able to improve their services to customers. With good service it will increase customer satisfaction so that it ultimately increases profits from the business entity itself. To be able to improve service to customers, business entities must be able to present an efficient and accurate sales transaction process. For this reason, sales information system design is needed. Sales accounting information system can streamline the sales transaction process and can produce sales reports that are more accurate and timely and able to record accounting transactions in a short time. Timely and accurate sales reports are needed for the decision making process for business entity owners. The research objective is to develop software using the waterfall device development method, so that it can produce software that is able to improve sales system work and increase profits. The design results of the sales information system using the waterfall method can reduce errors caused by human factors (avoiding human error), avoiding the combination of data entry and presentation of sales reports presented in a fast and precise time so as to help the owner to make the decision making process .
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A.A., Jabar, and Ogunsola A. "Analytical Review of E-Commerce Business Models." African Journal of Accounting and Financial Research 5, no. 2 (July 14, 2022): 48–60. http://dx.doi.org/10.52589/ajafr-kmx6o2wv.
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E-commerce has continued to evolve since its introduction. E-commerce operates through various platforms and its impact cuts across every aspect of business operations. Business owners/managers seeking to adopt e-commerce platforms for their business transactions need to be abreast of appropriate e-commerce business models that fit into their business operations. The applicability of e-commerce business models was reviewed. The study highlighted the e-commerce business models that exist and the transaction flow within each business model. E-commerce transactions and their applicability to business, customers and society were reviewed. The review revealed that e-commerce has changed the way of delivering products as consumers can transact 24 hours a day, from almost any location. It was concluded that the prospect of e-commerce is very high in emerging economies like Nigeria although its adoption is still at the basic stage. It is recommended that business owners/managers should procure quality devices and gadgets that will enhance efficiency in e-commerce transactions while users of e-commerce platforms are to take necessary precautions when using the platforms.
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Nashirah, Abu Bakar, Sofian Rosbi, and Kiyotaka Uzaki. "E-Wallet Transactional Framework for Digital Economy: A Perspective from Islamic Financial Engineering." INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION 6, no. 3 (2020): 50–57. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.63.1005.
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The development of electronic wallet (e-wallet) aims to encourage customers and small business owners to use digital payments for a safer, cashless, and efficient transaction. This study developed a procedure to discover the transactional framework for the e-wallet payment system in the digital economy. This study explained the procedure of the transaction process, starting from registration of user and service provider, payment composition, and profit generation for the business model of e-wallet provider. This study provides a precise and reliable analysis to increase public awareness about the e-wallet transaction. At the same time, the framework in this study functions to help small and medium industries grow in the digital economy segments.
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Zhao, Bingqian, Xiaojing Lyu, and Ning Qi. "Construction and Optimization of Transboundary Business Financial Credit Network in the Era of 5G Communication." Wireless Communications and Mobile Computing 2022 (March 24, 2022): 1–14. http://dx.doi.org/10.1155/2022/6481340.
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The e-commerce industry has broken through the original geographical restrictions, successfully integrated with world trade, and evolved new e-commerce model. The e-commerce model, that is, e-commerce transactions across international trade, has been rapidly expanded. However, e-commerce transactions across international trade have innate virtuality and information imbalance. These problems have caused many credibility problems and, at the same time, restrict and hinder the healthy and sustainable evolution of transactions across international trade. Credit evaluation of transaction entities through credit evaluation models is an effective way to restrict the behavior of transaction entities. However, the existing credit evaluation models lack pertinence and effectiveness when applied in the context of cross-border e-commerce. In the era of 5G communication, building a complete credit evaluation system through 5G-related technologies will certainly become a new way for the stable evolution of transactions across international trade. This not only can effectively control the risks of cross-border trade and improve efficiency but also properly resolve the uncertainty caused by information imbalance. In order to better promote the development of e-commerce, this article establishes an e-business evaluation module based on integrated fusion performance rating. The weight and the membership of each factor are determined by AHP. Finally, the model was verified by an example. The results show that the evaluation system and the method proposed in this paper are feasible and effective for solving practical problems and provide a solid foundation for the construction of the network of my country’s e-commerce credit rating system. Establishing a scientific and reasonable e-commerce integrity evaluation system has very good practical significance.
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Johan, Suwinto. "Merger and Acquisition Integration Model: A Practical Approach." JURNAL BISNIS STRATEGI 30, no. 1 (July 20, 2021): 35–46. http://dx.doi.org/10.14710/jbs.30.1.35-46.
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This research aims to guide the merger and acquisition process for business practitioners in Asia. The research uses qualitative, descriptive analysis, and inductive approaches. This research is based on the samples of 20 transactions that have been performed in the last 25 years. The transactions involve companies from Indonesia, Malaysia, United States, United Kingdom, Japan, and Canada. The study proposes a merger and acquisition model with seven steps: determining the strategy, searching for the target, reviewing the target, confirmation and negotiation, transaction, and integrating into a business. The result of this study contributes to a new model of merger acquisition integration. The model will show the integration process in the financial services industry in South East Asia. The results support previous studies. The acquisition and integration model will assist the company's management in South East Asian countries to manage the merger integration process, especially in the financial industry. This research provides an integration model according to transactions in Asia in the financial service industry.
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Royer, Susanne, Roland Simons, Britta Boyd, and Alannah Rafferty. "Promoting Family: A Contingency Model of Family Business Succession." Family Business Review 21, no. 1 (March 2008): 15–30. http://dx.doi.org/10.1111/j.1741-6248.2007.00108.x.
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Succession is a challenge to family businesses for a number of reasons, including the need to address the issue of intergenerational handover. This article focuses on one aspect of succession in family business by investigating when family members are preferred as successors. Results from 860 family businesses indicate that specific (tacit) knowledge characteristics combined with a favorable transaction atmosphere, in certain contexts, make a family member the most suitable successor. A conceptual model is presented that outlines when inside-family succession is preferred.
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Motro, Amihai, Alexander Brodsky, Nathan Egge, and Alessandro D’Atri. "Optimizing Procurement Decisions in Networked Virtual Enterprises." International Journal of Decision Support System Technology 4, no. 3 (July 2012): 43–67. http://dx.doi.org/10.4018/jdsst.2012070104.
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A virtual enterprise is an ad hoc coalition of independent business entities who collaborate on the manufacturing of complex products in a networked environment. This collaboration is enabled by the concept of a transaction, a mechanism with which members acquire necessary components from other members. An external procurement request submitted to the enterprise launches a tree-structured series of transactions among its members (similar to supply chains). Each such transaction is associated with a purchase price, but also with a risk of failure. That members have the option to procure components from different co-members, each charging its individual price and posing its specific risk, raises challenging optimization problems related to the fulfillment of business objectives. This paper defines a transaction model for virtual enterprises, with formal concepts such as price, risk, and business objectives. The Decision Guidance Query Language (DGQL) is presented, a language for modeling and solving optimization problems in a database setting, and shows how DGQL can provide intuitive and efficient solutions to the optimization problems raised in the model. The model, the optimization programs, and the experimentation promote strong collaboration and common objectives among its members, and one in which collaboration is limited, with members retaining much of their autonomy and individual objectives.
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Davidson, Alistair. "Harvard professor Mikolaj Piskorski’s research-based social media business development model." Strategy & Leadership 42, no. 4 (July 15, 2014): 40–44. http://dx.doi.org/10.1108/sl-06-2014-0043.
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Purpose – The paper aims to present an interview with Mikolaj Piskorski, Associate Professor in the Strategy Business Unit at Harvard Business School, and one of the first researchers to write about the underlying economic, social and strategic drivers that make social networking important to strategists. Design/methodology/approach – The interview discusses his research-based insights that emphasize the importance of designing a network that enables transactions that would not occur otherwise, transactions of high value to both companies and individuals. Findings – Social networking that creates increased competitive advantage actually empowers customers to do things that they previously could not do or could not do easily or inexpensively. Practical implications – Social networks can potentially remedy the social failures and transaction failures that occur when an interaction that would benefit both parties fails to occur. A useful way of framing the problem to be solved looks at how to develop a social network platform that benefits stakeholders and how to develop a social strategy that benefits the sponsor. Originality/value – The key lesson: identify the strategic issue that you are trying to solve and what kind of transactions you can enable for customers that could create value for them and for your company, but which are not taking place. Then plan how social networking can enable these transactions to have more value.
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Assegie, Tsehay Admassu. "K-Nearest Neighbor Based URL Identification Model for Phishing Attack Detection." Indian Journal of Artificial Intelligence and Neural Networking 1, no. 2 (April 10, 2021): 18–21. http://dx.doi.org/10.35940/ijainn.b1019.041221.
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Phishing causes many problems in business industry. The electronic commerce and electronic banking such as mobile banking involves a number of online transaction. In such online transactions, we have to discriminate features related to legitimate and phishing websites in order to ensure security of the online transaction. In this study, we have collected data form phish tank public data repository and proposed K-Nearest Neighbors (KNN) based model for phishing attack detection. The proposed model detects phishing attack through URL classification. The performance of the proposed model is tested empirically and result is analyzed. Experimental result on test set reveals that the model is efficient on phishing attack detection. Furthermore, the K value that gives better accuracy is determined to achieve better performance on phishing attack detection. Overall, the average accuracy of the proposed model is 85.08%.
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Assegie, Tsehay Admassu. "K-Nearest Neighbor Based URL Identification Model for Phishing Attack Detection." Indian Journal of Artificial Intelligence and Neural Networking 1, no. 2 (April 10, 2021): 18–21. http://dx.doi.org/10.54105/ijainn.b1019.041221.
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Phishing causes many problems in business industry. The electronic commerce and electronic banking such as mobile banking involves a number of online transaction. In such online transactions, we have to discriminate features related to legitimate and phishing websites in order to ensure security of the online transaction. In this study, we have collected data form phish tank public data repository and proposed K-Nearest Neighbors (KNN) based model for phishing attack detection. The proposed model detects phishing attack through URL classification. The performance of the proposed model is tested empirically and result is analyzed. Experimental result on test set reveals that the model is efficient on phishing attack detection. Furthermore, the K value that gives better accuracy is determined to achieve better performance on phishing attack detection. Overall, the average accuracy of the proposed model is 85.08%.
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Park, Sanguk, Keonhee Cho, Seunghwan Kim, Guwon Yoon, Myeong-In Choi, Sangmin Park, and Sehyun Park. "Distributed Energy IoT-Based Real-Time Virtual Energy Prosumer Business Model for Distributed Power Resource." Sensors 21, no. 13 (July 1, 2021): 4533. http://dx.doi.org/10.3390/s21134533.
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Smart energy technologies, services, and business models are being developed to reduce energy consumption and emissions of CO2 and greenhouse gases and to build a sustainable environment. Renewable energy is being actively developed throughout the world, and many intelligent service models related to renewable energy are being proposed. One of the representative service models is the energy prosumer. Through energy trading, the demand for renewable energy and distributed power is efficiently managed, and insufficient energy is covered through energy transaction. Moreover, various incentives can be provided, such as reduced electricity bills. However, despite such a smart service, the energy prosumer model is difficult to expand into a practical business model for application in real life. This is because the production price of renewable energy is higher than that of the actual grid, and it is difficult to accurately set the selling price, restricting the formation of the actual market between sellers and consumers. To solve this problem, this paper proposes a small-scale energy transaction model between a seller and a buyer on a peer-to-peer (P2P) basis. This model employs a virtual prosumer management system that utilizes the existing grid and realizes the power system in real time without using an energy storage system (ESS). Thus, the profits of sellers and consumers of energy transactions are maximized with an improved return on investment (ROI), and an intelligent demand management system can be established.
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Bertaqwa, Addin Gama, G. A. Putri Saptawati, and Tricya E. Widagdo. "Development a Generic Transaction Processing System Based on Business Process Metadata." Jurnal Sistem Informasi 16, no. 1 (April 29, 2020): 1–15. http://dx.doi.org/10.21609/jsi.v16i1.861.
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The business processes has a major role in the activities of an organization. Organizations have various types of information systems that support the business processes. One of the systems that support the operations of an organization’s business processes is a transaction processing system that serves to record the daily routine transactions necessary in running a business. In the implementation of business process on information systems, often occur repetitive coding activities for additions or changes to business processes.
In general, business process consist of a set of activities and relate to each other between one activity to another. To overcome the problem of repetitive coding implementation, relations between activities must be modelled. In this thesis, business process mapping to data level using metadata approach is proposed as a solution to manage any execution services build on information systems, so that developers can focus to the business process flows. The constructed data model divide building blocks of business process into three type such as event, task and gateway. The data model that has been found capable of storing business process as well as the execution flow of the business process into database.
The transaction processing system has been built based on the data model of the process that has been found. Executor of business process has been developed based on metadata that has been designed. From the test results concluded that metadata is able to define business process, and the executor can control the flow of executions of business process correctly. Control of the execution flow of the business process can be done manually by the user or automatically by the executor based on the defined rules in metadata.
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Samiee, Saeed, and Patrik Anckar. "Currency Choice in Industrial Pricing: A Cross-National Evaluation." Journal of Marketing 62, no. 3 (July 1998): 112–27. http://dx.doi.org/10.1177/002224299806200308.
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In this article, the authors explore the antecedents of currency choice in export transactions by U.S., Swedish, and Finnish firms. Using a framework adapted from exporting literature and negotiation theory, the authors examine relationships between the transaction currency and three sets of constructs, predicated in negotiation and bargaining literature, as well as performance measures. Results indicate a strong relationship between currency choice and process-related and firm characteristic measures. However, situational constraint factors do not exert much influence on transaction currency. The logistic regression model confirms these results with 83% correct classification. The authors demonstrate that the use of foreign currencies is related positively to export volume and transaction value but inversely affects export profit margin.
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Wang, Yadi, Wangyang Yu, Peng Teng, Guanjun Liu, and Dongming Xiang. "A Detection Method for Abnormal Transactions in E-Commerce Based on Extended Data Flow Conformance Checking." Wireless Communications and Mobile Computing 2022 (January 4, 2022): 1–14. http://dx.doi.org/10.1155/2022/4434714.
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With the development of smart devices and mobile communication technologies, e-commerce has spread over all aspects of life. Abnormal transaction detection is important in e-commerce since abnormal transactions can result in large losses. Additionally, integrating data flow and control flow is important in the research of process modeling and data analysis since it plays an important role in the correctness and security of business processes. This paper proposes a novel method of detecting abnormal transactions via an integration model of data and control flows. Our model, called Extended Data Petri net (DPNE), integrates the data interaction and behavior of the whole process from the user logging into the e-commerce platform to the end of the payment, which also covers the mobile transaction process. We analyse the structure of the model, design the anomaly detection algorithm of relevant data, and illustrate the rationality and effectiveness of the whole system model. Through a case study, it is proved that each part of the system can respond well, and the system can judge each activity of every mobile transaction. Finally, the anomaly detection results are obtained by some comprehensive analysis.
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Wang, Wei, Christopher Lesner, Alexander Ran, Marko Rukonic, Jason Xue, and Eric Shiu. "Using Small Business Banking Data for Explainable Credit Risk Scoring." Proceedings of the AAAI Conference on Artificial Intelligence 34, no. 08 (April 3, 2020): 13396–401. http://dx.doi.org/10.1609/aaai.v34i08.7055.
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Machine learning applied to financial transaction records can predict how likely a small business is to repay a loan. For this purpose we compared a traditional scorecard credit risk model against various machine learning models and found that XGBoost with monotonic constraints outperformed scorecard model by 7% in K-S statistic. To deploy such a machine learning model in production for loan application risk scoring it must comply with lending industry regulations that require lenders to provide understandable and specific reasons for credit decisions. Thus we also developed a loan decision explanation technique based on the ideas of WoE and SHAP. Our research was carried out using a historical dataset of tens of thousands of loans and millions of associated financial transactions. The credit risk scoring model based on XGBoost with monotonic constraints and SHAP explanations described in this paper have been deployed by QuickBooks Capital to assess incoming loan applications since July 2019.
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Andreassen, Tor Wallin, Line Lervik-Olsen, Hannah Snyder, Allard C. R. Van Riel, Jillian C. Sweeney, and Yves Van Vaerenbergh. "Business model innovation and value-creation: the triadic way." Journal of Service Management 29, no. 5 (October 15, 2018): 883–906. http://dx.doi.org/10.1108/josm-05-2018-0125.
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Purpose Building on the multi-divisional business model (M-model), the purpose of this paper is to develop a better understanding of triadic business models – T-models – and how they create value for their three categories of stakeholders, i.e., the suppliers, the platform firm and the buyers. The research question that guides the present study is twofold: How is value created individually and collectively in triadic business models and what might challenge their sustainability? Design/methodology/approach Anchored in extant literature and a process of conceptual modeling with empirical examples from Uber, a new business model archetype was developed for two-sided markets mediated by a middleman. Findings The paper provides a theoretically and conceptually derived roadmap for sustainable business in a triadic business model, i.e., for the buyers, sellers and the platform firm. This model is coined the T-model. A number of propositions are derived that argue the relationship between key constructs. Finally, the future beyond the T-model is explored. Research limitations/implications The paper identifies, illustrates and discusses the ways in which value is created in sustainable T-models. First, value is created from a number of sources, not only from lower transaction costs. Second, it is proposed that it is not about a choice of either M-model or T-model but rather a continuum. Toward 2050, technology in general and Blockchain specifically may for some transactions or services, eliminate the need for middlemen. The main conclusion is that despite this development, there will, for most organizations, be elements of the M-model in all or most T-model businesses. In short: middlemen will have elements of the M-model embedded in the T-model when co creating value with buyers and sellers. Originality/value While two-sided T-models are not new to the business area, surprisingly no papers have systematically investigated, illustrated, and discussed how value is created among and between the three stakeholder categories of the T-model. With this insight, more sustainable T-models can be created.
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MN, Achmad Zainuddin, Junaidi Junaidi, and Renaldy Dwi Putra. "Design of E-Commerce Payment System at Tokopedia Online Shopping Site." Aptisi Transactions on Management (ATM) 1, no. 2 (December 27, 2018): 143–55. http://dx.doi.org/10.33050/atm.v1i2.666.
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Developments in information technology very rapidly in recent years a positive impact on many aspects of life, including in the business world. One concept that is assessed that the new business is E-Commerce or Commonly called Online Business. There are many sites that do Transactions of Goods or Services through E-Commerce, for example, the Sale and Purchase at online shopping sites in Tokopedia which emphasizes the Transaction Customer to Customer (C2C). C2C is one model of e-commerce in this case consumers sell directly to consumers who want to buy, or may be called as a transaction between the consumer. Activity C2C can be done in many ways over the internet. Auksi is one example of the best known C2C activities. Many people make purchases and sales on eBay and hundreds of auction website. Other examples of C2C activities are classification advertising, personal services, exchange, sale of virtual properties and supporting services. In the online shopping site that emphasizes C2C Transactions Transactions Using Transactions Rekber piggybank so as to secure for consumers. Rekber piggybank principle similar to that occurred in Escrow Payment System, the system Rekber piggybank an agreement between the seller and the buyer or producer and the consumer to use the services of a third person as the place of payment and the payee. Therefore Rekber piggybank exists to support and secure the sale and purchase of Online Transactions on the site piggybank. So that the transaction using the system Rekber piggybank can be used as a system that can promise Consumers and sellers can trust each other.
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BRUNI, ROBERTO, and UGO MONTANARI. "Concurrent models for Linda with transactions." Mathematical Structures in Computer Science 14, no. 3 (May 20, 2004): 421–68. http://dx.doi.org/10.1017/s0960129504004189.
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Nowadays concepts, languages and models for coordination cannot leave aside the needs of the increasing number of commercial applications based on global computing over the (inter)net. For example, platforms like Microsoft .NET and Sun Microsystems Java come equipped with packages for supporting ad hoc transactional features, which are essential for most business applications. We show how to extend the coordination language par excellence (viz. Linda) with basic primitives for transactions, while retaining a formal model for its concurrent computations. This is achieved by exploiting a variation of Petri nets, called zero-safe nets, where transactions can be suitably modelled by distinguishing between stable places (ordinary ones) and zero places (where tokens can only be temporarily allocated, defining hidden states). The relevance of the transaction mechanism is illustrated in terms of expressive power. Finally, it is shown that stable places and transactions viewed as atomic steps define an abstract semantics that is apt for a fully algebraic treatment, as demonstrated via categorical adjunctions between suitable categories of nets.
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Abadi, Satria, Miftachul Huda, Aminudin Hehsan, Ahmad Marzuki Mohamad, Bushrah Basiron, Siti Suhaila Ihwani, Kamarul Azmi Jasmi, et al. "Design of online transaction model on traditional industry in order to increase turnover and benefits." International Journal of Engineering & Technology 7, no. 2.27 (August 23, 2018): 231. http://dx.doi.org/10.14419/ijet.v7i2.27.11982.
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Online transactions are transactions made sellers and buyers online through the Internet media, there is no direct encounter between buyers and sellers. Currently with the rapid development of technology and the Internet in Indonesia, has had a great impact on the change of industrial business. That is starting from the way advertising, buying and selling, how to interact between humans, and so forth. With e-commerce has changed a lot in the process of buying and selling. Panda Alami is one of the banana chips industry established since 1998 in Cipadang Pesawaran village. This banana chips industry still uses manual way in transaction process. To increase the turnover and profit that is the purpose of this study, the transaction model is developed with SDLC (System Development Life Cycle) and software used to design and design this application is PHP programming language, MySQL Database and Adobe Photoshop CS3. Features include product search, order, delivery and payment confirmation and thus provide integration of the entire inventory unit sales network. An equally important factor is trust. In this process trust is the main capital. Because without the trust of both parties, then the process of online transactions can not happen and done.
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Gross, Stephan K. H., and Hagen Lindstädt. "Horizontal and vertical takeover and sell-off announcements: Abnormal returns differ by industry." Corporate Ownership and Control 3, no. 2 (2006): 23–30. http://dx.doi.org/10.22495/cocv3i2p3.
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We begin with the hypothesis that shareholder-wealth effects of corporate transactions differ depending on (a) the specific industry, (b) whether they are horizontal or vertical, and (c) whether they are integrations (takeovers) or disintegrations (partial sell-offs). A standard event study analysis for cumulative abnormal returns based on the market model is conducted for 309 data-points from 227 transaction announcements. We find that abnormal returns indeed do significantly depend on the transaction profile (horizontal vs. vertical and integration vs. disintegration) and industry. One main result is the observation that the capital market shows distinctive preferences for either an integration or disintegration strategy for vertical as well as for horizontal transactions. The specific pattern of this preference differs according to industry
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Basri, Basri, Windu Gata, and Risnandar Risnandar. "Analisis Loyalitas Pelanggan Berbasis Model Recency, Frequency, dan Monetary (RFM) dan Decision Tree pada PT. Solo." Jurnal Teknologi Informasi dan Ilmu Komputer 7, no. 5 (October 8, 2020): 943. http://dx.doi.org/10.25126/jtiik.2020752284.
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<p>Perkembangan bisnis alat tulis kantor dan sekolah saat ini banyak yang menjanjikan, maka banyak bermunculan pemasok baru dalam bisnis Alat Tulis Kantor dan Sekolah (ATKS). PT Solo yang bergerak di bidang bisnis ATKS harus memiliki strategi dalam setiap persaingan usaha, khususnya dalam meraih loyalitas pelanggan. Loyalitas pelanggan sering dipengaruhi oleh faktor jumlah aktivitas transaksi, nilai nominal transaksi, waktu transaksi di perusahaan, dan atribut <em>outlet</em>. Penelitian ini mengusulkan model <em>Recency</em>, <em>Frequency</em>, dan <em>Monetary</em> (RFM) yang dikombinasikan dengan <em>Decision Tree</em>. Model RFM digunakan untuk proses klasterisasi data pelanggan berdasarkan jumlah transaksi, nilai nominal transaksi, waktu transaksi, dan atribut outlet. Sedangkan <em>Decision Tree</em> dapat menggambarkan tingkat loyalitas pelanggan. Data transaksi dalam penelitian ini dilakukan sepanjang 1 Januari hingga 31 Desember 2018 terhadap 1.203 pelanggan dan 18.087 transaki melalui faktur pembelian. Hasil penelitian ini menunjukan bahwa <em>state-of-the-art </em>pada<em> </em>model RFM dan <em>Decision Tree</em> yang diusulkan lebih unggul dibandingkan hanya dengan menggunakan model RFM saja. <em>Cluster</em> ke-1 memiliki 860 pelanggan menghasilkan loyalitas pelanggan sedang (biru), <em>cluster</em> ke-2 memiliki 69 pelanggan menghasilkan loyalitas pelanggan yang tinggi (hijau), dan <em>cluster</em> ke-3 memiliki 274 pelanggan menghasilkan loyalitas pelanggan yang rendah (merah). Model klasterisasi RFM dan klasifikasi <em>Decision Tree </em>telah menghasilkan atribut <em>outlet</em> yang berpengaruh terhadap nilai akurasi sebesar 67,54%.</p><p> </p><p><em><strong>Abstract</strong></em></p><p class="Judul2"> </p><p class="Judul2"><em>The development of office and school stationery business at this time, many promising, so many new suppliers have sprung up in the office and school stationery business. PT Solo, which has the office and school stationery business, must have a strategy in every business competition, especially in achieving customer loyalty. Customer loyalty is often influenced by factors in the number of transaction activities, transaction nominal value, transaction time at the company, and outlet attributes. This research proposes a Recency, Frequency, and Monetary (RFM) model combined with a Decision Tree. RFM model is used to process customer data clustering based on number of transactions, transaction nominal value, transaction time, and outlet attributes. Whereas Decision Tree can describe the level of customer loyalty. Transaction data in this study were conducted from 1 January to 31 December 2018 to the 1,203 customers and 18,087 transactions through purchase invoices. The results of this study indicate that the state-of-the-art in the proposed RFM and Decision Tree models is outperform compared to only using the RFM model. Cluster 1 has 860 customers resulting in moderate customer loyalty (blue), Cluster 2 has 69 customers resulting in high customer loyalty (green), and Cluster 3 has 274 customers resulting in lower customer loyalty (red). RFM clustering model and Decision Tree classification have produced outlet attributes that affect the accuracy value of 67.54%.</em></p><p><em><strong><br /></strong></em></p>
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Sirait, Afni, and Ida Ayu Purnama. "Generation X Consumption Behavior Model in Using Digital Transactions." RSF Conference Series: Business, Management and Social Sciences 1, no. 3 (October 20, 2021): 1–8. http://dx.doi.org/10.31098/bmss.v1i3.281.
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Technology is a necessity that cannot be separated from life today. Daily activities are made easier and even dismiss distance, space, and time. This convenience provides cost savings, increases time use quality, and even changes a business process. This study aims to analyze the model of consumer behavior of generation X in the use of digital transactions. This research is a quantitative approach with 73 respondents who fit the qualifications. The data was collected using a questionnaire which was then tested for validity, reliability, and model fit using the WarpPLS 6.0 analysis tool. The test results explained that consumption behavior mediated cultural factors do not directly affect the generation of digital transaction X (the value path coefficient H1 equals -0007 P = 0,28). Psychological factors have a direct influence on digital transactions Generation X (H2 has a value of path coefficients 0,12 and P = 0,15), but it has indirect influence the results of the mediation of the variable consumption behavior against the decision transaction generation digital X (the value path coefficient 0.728, P<0.001, and R-Squared 0.57) with the model fit testing the VIF value of 1.236, and the GoF value of 0.411. The limitation of this study is that the population only focuses on generation X.
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Boyd, Britta, Susanne Royer, Rong Pei, and Xiaolei Zhang. "Knowledge transfer in family business successions." Journal of Family Business Management 5, no. 1 (April 13, 2015): 17–37. http://dx.doi.org/10.1108/jfbm-05-2014-0009.
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Purpose – Knowledge often is the fundament for strategic competitive advantage. Thus, it is highly relevant to understand better how knowledge is transferred from one generation to the next in family businesses. The purpose of this paper is to link the competitive advantage realisation in family businesses to the success of transferring strategically valuable knowledge in different business environments to the next generation. Design/methodology/approach – Building on the contingency model of family business succession (Royer et al., 2008) knowledge transfer in family businesses from different cultures is investigated in this paper. From a resource-oriented and transaction cost inspired perspective two family businesses with a similar industry background from China and Europe are compared regarding knowledge transfer in the context of family firm succession taking into account the respective transaction atmosphere. Findings – Different successions for two long-lived family firms are illustrated in a systematic fashion: based on the theoretical elements suggested both cases are described to get insights into the usefulness of the theoretical reasoning developed. On the basis of these, the cases are compared with each other and conclusions for both cases are drawn. Implications for theory and practice as well as avenues for future research are sketched. Originality/value – The focus of the current study is to gain more insight into long-lived family businesses by comparing two cases over a period of more than 200 years with regard to strategically relevant resources as well as the underlying transaction atmospheres. Implications for family firms depending on the resource types and transaction atmosphere are discussed.
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Matinfard, Mehran, Mohammad Hassani, and Hossein Elyasi. "Reviewing role of Corporate governance regarding transactions with related parties and company performance among companies admitted into Tehran Stock Exchange." Ciência e Natura 37 (December 19, 2015): 45. http://dx.doi.org/10.5902/2179460x20752.
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This research reviews the role of corporate governance regarding transactions with related parties and company performance. 85 companies admitted into the TSE were studies during a six months period between 2008 and 2013. Transaction with related parties is a usual trait of commercial activities. For example, some businesses conduct their activities via subsidiary businesses, particular partnerships and related businesses. Transactions with related parties can affect financial situation, financial performance and flexibility of the business. In this research the ratio of non-executive members of the board of directors to total members, membership or non membership of the managing director in the board, size of board and shares of institutional owners have been used as corporate governance variables. Finally, Eviews and Excel software and multi variable regression were used to test the research hypothesis. Results indicate a significant correlation between transactions with related parties and returns on assets. Results also showed that by importing corporate governance variables into the model, explanatory power of model increases and negative effect of transactions with related parties on performance reduces.
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Fauzan, Ahmad. "PERSPEKTIF ISLAM TERHADAP MANAJEMEN PERDAGANGAN SAHAM DI ERA REVOLUSI 4.0." Jurnal Ilmu Manajemen (JIMMU) 4, no. 1 (May 5, 2020): 86. http://dx.doi.org/10.33474/jimmu.v4i1.2642.
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Era revolusi industri 4.0 menyediakan tantangan tersendiri bagi investor atau pelaku bisnis dalam melakukan transkasi. Transaksi saham dengan mempergunakan sistem scriptless trading dimana transaksi dilakukan melalui elektronik baik sistem perdagangan, penyerahan maupun peralihan, sebenarnya merupakan model transkasi yang dijadikan masyarakat atau pebinis di era revolusi industri 4.0. transaksi ini adalah bentuk transaksi modern yang diperbolehkan, karena sudah menjadi kemaslahatan pelaku pasar.Kata Kunci: era reolusi, saham, investor, Islam The era of industrial revolution 4.0 provides its own challenges for investors or business people in conducting transactions. Stock transactions using a scriptless trading system where transactions are carried out through electronics, both trading, surrender and transition systems, are actually transactions that are made into society or businessmen in the era of industrial revolution 4.0. this transaction is a form of modern transaction that is permissible, because it has become a benefit of market participants.Keywords: era of revolution, stocks, investors, Islam
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Arunachalam, N., P. Prabavathy, and S. Priyatharshini. "Hidden Markov Model Based Fault Tolerance in Credit Card Transaction Security." International Journal of Engineering & Technology 7, no. 2.32 (May 31, 2018): 153. http://dx.doi.org/10.14419/ijet.v7i2.32.15392.
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Credit card fake detection has raised unique challenges due to the streaming, imbalanced, and non-stationary nature of the data that has been transacted. It had additionally included an active learning step, since the labeling (fake or genuine) use of a subset on transactions is obtained in near-real time through human investigators contacted the cardholders. In this paper, the Hidden Markov Model (HMM) algorithm has been used for sequence of Credit card operations for transaction processing and the fake can be detected by using the fake detection model during transaction processing. HMM, Fake detection model and image process had played an imperative role in the detection of credit card fake in online transactions. In fake detection, most challenging is a data problem, due to two major reasons – first, the profiles of cardholders are normal and fake lent behaviors changed constantly and secondly, credit card fake data sets are highly changed its position. Using fake detection (FD) algorithm the performance of detection in credit card transactions had highly affected by the sampling approach on dataset, selection of HMM, Fake detection model. Using fake detection (FD) algorithm an image technique had been used. A reliable augmentation of the target scarce population of fakes are important considering issues such as labeling cost; algorithm HMM, fake detection and outlines in the data streamed source. We have approached several scenarios which showed the feasibility of improving detection capabilities evaluated by means of receiver operating characteristic (ROC) curves and several key performance indicators (KPI) commonly used in financial business.
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Nurjaman, Deden Roni, Turki Salim, and Risma Damayanti. "MODEL SISTEM INFORMASI PEMBUKUAN UNTUK MONITORING TRANSAKSI KOPERASI DALAM MENDUKUNG PERHITUNGAN SISA HASIL USAHA." Journal CERITA 5, no. 1 (February 1, 2019): 89–96. http://dx.doi.org/10.33050/cerita.v5i1.233.
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Cooperatives function to build and develop the potential economic capacity of members to improve economic and social welfare. Cooperatives are established aiming to realize the welfare of members in particular and the community at large and participate in building the national economic order in order to create an advanced, just and prosperous society based on Pancasila and the 1945 Constitution. Cooperatives organize several types of businesses such as savings and loans, all-round shops there and general trade. In running the business, the cooperative conducts bookkeeping to find out the profit / loss of the cooperative and the amount of the remaining business results that are fair and comparable to the amount of business services of each member. In the bookkeeping process there were often several problems such as, not well recorded every small and routine transaction, there were miscalculation caused by human error, the slow process of calculating the remaining business results which caused delays in making the report. To overcome this, it is necessary to design a bookkeeping information system model in the form of use case diagrams as a design model and class diagram as a database model and system application as a form of implementation, so that it isable to create a bookkeeping information system for monitoring cooperative transactions in supporting the calculation of the remaining results business effectively, efficiently, quickly and accurately.
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Sudrajat, Jajat, and Meiryani Meiryani. "ONLINE MARKETING PARTNERSHIP APPLICATION USING THE CONCEPT OF BUSINESS MODEL CANVAS." ICCD 1, no. 1 (December 20, 2018): 496–500. http://dx.doi.org/10.33068/iccd.vol1.iss1.73.
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The purpose of implementing the long-term Community Service Program in the program is to produce a partnership model with Online Marketing Partnership Application using the concept of Business Model Canvas. This strategy is conducted to build partnerships with related parties that can increase success in the sector of Small and Medium Enterprises Silver Crafts by implementing strategies through online marketing of products. This Online Marketing Partnership application aims to accelerate the development of silver craftsmen in the village so as to increase sales. The method to be used is fact finding, in addition to collecting data in literature, also conducting interviews to Silver Craftsman owners and survey of business processes in order to collect supporting data. The output of this research is the Application of Online Marketing Partnership, one of which is a dynamic website that can be managed by Silver Craft Partners as a means of product promotion, besides through the website development of Silver Crafts Partners can receive orders from customers. Successful orders and transactions will be directly recorded through the sales transaction application.
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Hsieh, Ching-Tang, Hao-Chen Huang, and Wei-Long Lee. "Using transaction cost economics to explain open innovation in start-ups." Management Decision 54, no. 9 (October 17, 2016): 2133–56. http://dx.doi.org/10.1108/md-01-2016-0012.
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Purpose The basic concept of transaction cost theory is that firms like to conduct transactions in a channel with lower transaction costs. Therefore, the purpose of this paper is to use the transaction cost perspective to identify which conditions cause companies to choose between outbound open innovation (hierarchy governance) and inbound open innovation (market governance). Design/methodology/approach Accordingly, transaction cost economics was used to relate the choice and implementation of open innovation using a sample of 250 electronics and information start-ups in China. Structural equation modeling was used to conduct confirmatory factor analysis to evaluate measurement model, while logistic regression analysis was used to test the hypotheses. Findings As expected, the dedicated asset specificity, human asset specificity, behavioral uncertainty, transaction frequency, and small number exchange were positively associated with outbound open innovation. Originality/value The contribution of this paper lies in explaining the role played by transaction cost economics in the process of open innovation for start-ups through empirical analysis.
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Acosta, Freddie Racosas, and Samuel Ndonga. "Musoni Microfinance Kenya: IT-enabled business model." Emerald Emerging Markets Case Studies 4, no. 1 (February 18, 2014): 1–15. http://dx.doi.org/10.1108/eemcs-07-2013-0136.
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Subject area Management Information Systems, Innovation Management, Strategic Management, Strategic Leadership, Organizational Development, Financial Management, Risk Management and Corporate Governance. Study level/applicability MBA. Case overview Musoni Kenya is a Kenyan microfinance institution (MFI) whose idea was conceived in The Netherlands. The Musoni business model is ICT-enabled, 100 percent mobile based, virtually paperless, and runs on an ICT platform housed in Musoni BV in Amsterdam, The Netherlands. It is built on tested mobile technology that allows huge savings on transaction and operating costs. Using mobile payments, clients receive and perform bank operations anytime anywhere. This saves transport costs, transaction time and increases safety as no cash has to be carried around sometimes in dangerous areas. The mobile payments enable clients to make large improvements in loan officer efficiency and makes tracing payments seamless, saving on administration costs. The Musoni branches are also inexpensive as they are only used as the point of contact with customers hence reducing the cost of setting up operations even in remote areas. These efficiencies are passed on to clients in the form of lower interest rates and to stakeholders in the form of good returns on investments. The company aims to use this knowledge, experience and global ICT platform to expand to other countries with a suitable mobile payments environment. Expected learning outcomes The objective of this case is to illustrate general innovation concepts in a leading microfinance company in Kenya. The case documents the innovation dilemma facing the management of the fledgling microfinance company in determining the pace of innovation and the feasibility of launching of a similar service in Uganda following the successful establishment and growth of the company in Kenya. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email: support@emeraldinsight.com to request teaching notes.
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CHANG, HORNG-JINH, and PO-YU CHEN. "AN EOQ MODEL WITH CONTROLLABLE SELLING RATE." Asia-Pacific Journal of Operational Research 25, no. 02 (April 2008): 151–67. http://dx.doi.org/10.1142/s0217595908001687.
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According to the marketing principle, a decision maker may control demand rate through selling price and the unit facility cost of promoting transaction. In fact, the upper bound of willing-to-pay price and the transaction cost probably depend upon the subjective judgment of individual consumer in purchasing merchandise. This study therefore attempts to construct a bivariate distribution function to simultaneously incorporate the willing-to-pay price and the transaction cost into the classical economic order quantity (EOQ) model. Through the manipulation of the constructed bivariate distribution function, the demand function faced by the supplier can be expressed as a concrete form. The proposed mathematical model mainly concerns how to determine the initial inventory level for each business cycle, so that the profit per unit time is maximized by means of the selling price and the unit-transaction cost to control the selling rate. Furthermore, the sensitivity analysis of optimal solution is performed and the implication of this extended inventory model is also discussed.
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Sirait, Afni, and Ida Ayu Purnama. "Generation X Consumption Behavior Model in Using Digital Transactions." International Journal of Entrepreneurship, Business and Creative Economy 2, no. 2 (July 30, 2022): 8–15. http://dx.doi.org/10.31098/ijebce.v2i2.794.
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Technology is a necessity that cannot be separated from today's life. Daily activities become easier, even ignoring distance, space, and time. This convenience provides cost savings, improves the use of time, and even changes business processes. This study aims to analyze the model of consumer behavior of generation X in the use of digital transactions. This research is quantitative research with 73 respondents who meet the qualifications. Data was collected using a questionnaire which was then tested for validity, reliability, and model fit using the WarpPLS 6.0 analysis tool. The results of data processing and testing are carried out; it can be concluded that first, cultural factors mediated by consumption behavior do not directly affect generation X in digital transactions. Second, psychological factors have a direct influence on generation X digital transactions. Consumption behavior as a mediating variable does not have an influence between psychological factors and digital transaction behavior for generation X. The limitation of this study is that the population only focuses on generation X.
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VASIN, Leonid A., and Vitalii A. STARUKHIN. "Managing transaction costs in company's contractual work." Finance and Credit 28, no. 8 (August 30, 2022): 1709–32. http://dx.doi.org/10.24891/fc.28.8.1709.
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Subject. The article considers the management of company's transaction costs arising during contracting activities. Objectives. On the basis of standardization and digitalization of business processes, we aim at developing a model to manage the costs of contractual work by identifying and measuring them at the pre-contractual, contractual, and post-contractual stage of relations with parties to the transaction. Methods. The study draws on methods of logical analysis and synthesis. Results. The paper offers a model for managing the costs of contractual work. It rests on the elements of management impact on transaction costs at the stage of transaction planning, coordinating its parameters, and execution. To build the model, we systematized the main types of contracts, depending on commercial relations of the parties, structured our own approaches to the classification of transaction costs, identified factors that determine their dynamic nature. Conclusions. If used at all stages of company's contractual work through standardization and digitalization tools, the model for transaction cost management enables to reduce the weight of such costs in company's expenses. This correlates with the goals of corporate governance, acting as a basis for the effectiveness of the entire business system.
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Demish, V. O., and B. N. Pischik. "Modeling of Transaction Data Exchange in Enterprise Systems." Vestnik NSU. Series: Information Technologies 18, no. 1 (2020): 5–15. http://dx.doi.org/10.25205/1818-7900-2020-18-1-5-15.
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This paper analyzes the problems of designing enterprise systems for solving problems with several sections and types of accounting. The particular problem of the interaction of the operational and accounting circuits is solved by the example of work with tolling raw materials. The necessity of creating a model for the interaction of different subsystems that ensure the correctness of work with transactions at the level of business logic is indicated. An appropriate model is proposed that allows design integration solutions based on several subsystems with a description of the exchange of transactional data.
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Tanu, Michael, Rita Komala Dewi, and Heni Iswati. "Customer Perception of Bandung City Societyon E-Money Usage for the Highway Service Payment." Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management 11, no. 3 (February 11, 2019): 255. http://dx.doi.org/10.20473/jmtt.v11i3.10024.
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E-commerce has been used in many business transactions because of its practicality and easiness for the users. In addition, it also provides easiness in control. The use of electronic money (e-money) as a non-cash payment alternative has a huge potential in decreasing the use of cash money. E-money provides faster and more comfortable transactions compared to the cash money, especially for the small-amount transactions. With e-money, every transaction is simpler, cheaper, and easier both for the buyers and sellers. One of the government interventions has recently been that every highway transaction can only be paid using e-money. This policy has resulted in a various response from the consumers or society at large. This research is aimed at exploring the perception of the consumers or society in Bandung on e-money policy for highway service payment. The method used in this research is a descriptive method. The data collection techniques used are literature study and questionnaire distributed to 100 respondents who ever used e-money in their transaction. The results of this research showed that the implementation of e-money is already good. But, there are some constraints in the aspect of service and technology. Those things are based on the measurement using the basic model of Technology Acceptance Model (TAM).
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Xie, Shao-Ming. "COMPARATIVE MODELS IN CUSTOMER BASE ANALYSIS: PARAMETRIC MODEL AND OBSERVATION-DRIVEN MODEL." Journal of Business Economics and Management 21, no. 6 (October 19, 2020): 1731–51. http://dx.doi.org/10.3846/jbem.2020.13194.
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This study conducts a dynamic rolling comparison between the Pareto/NBD model (parametric model) and machine learning algorithms (observation-driven models) in customer base analysis, which the literature has not comprehensively investigated before. The aim is to find the comparative edge of these two approaches under customer base analysis and to define the implementation timing of these two paradigms. This research utilizes Pareto/NBD (Abe) as representative of Buy-Till-You-Die (BTYD) models in order to compete with machine learning algorithms and presents the following results. (1) The parametric model wins in transaction frequency prediction, whereas it loses in inactivity prediction. (2) The BTYD model outperforms machine learning in inactivity prediction when the customer base is active, performs better in an inactive customer base when competing with Poisson regression, and wins in a short-term active customer base when competing with a neural network algorithm in transaction frequency prediction. (3) The parametric model benefits more from a short calibration length and a long holdout/target period, which exhibit uncertainty. (4) The covariate effect helps Pareto/NBD (Abe) gain a better predictive result. These findings assist in defining the comparative edge and implementation timing of these two approaches and are useful for modeling and business decision making.
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Vidimlić, Selma. "Innovated Altman’s Model as a Predictor of Malfunctioning of Small and Medium-Sized Businesses in Bosnia and Herzegovina." Economic Themes 57, no. 1 (March 1, 2019): 21–33. http://dx.doi.org/10.2478/ethemes-2019-0002.
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AbstractThe research was conducted with the aim of finding a model that best predicts the financial success or failure of the company. On the sample of 392 SME in Bosnia and Herzegovina, testing possibilities using the innovated Altman’s model for prediction of financial difficulties of the enterprise was carried out. The financial statements from the end of the year 2014 of these companies were reviewed. The sample was divided into two groups: companies that had blocked transaction accounts during 2015 and 2016 and those companies that did not have blocked transaction accounts during this period. Testing has shown that the Altman’s model may, but with limited capability, be used to predict the disruption of small and medium-sized businesses in Bosnia and Herzegovina. The paper presents the facts that affect the business of SME in Bosnia and Herzegovina, and way they influence selection and, possibly, other predictors of non-business operations
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Dewi Haptari, Vissia, and Irwan Aribowo. "ANALISIS ASPEK PERPAJAKAN PADA FINTECH KHUSUSNYA PEER TO PEER (P2P) LENDING UNTUK MENYUSUN ATURAN PERPAJAKAN." Jurnal Pajak dan Keuangan Negara (PKN) 1, no. 1 (September 1, 2019): 11. http://dx.doi.org/10.31092/jpkn.v1i1.597.
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Financial technology ('Fintech ') shifts the paradigm of financial transactions and demands more rapid and adaptive change. Based on the results of BBVA's 2017 study, domestic business financing needs will be around IDR 1,600 trillion. In fact, only IDR 600 trillion can be disbursed annually through banks, capital markets and finance companies. Only 11 million of the 60 million SMEs can obtain loans from banks. Sixty percent of that number is based on the island of Java. Indonesia is expected to spend a small and medium business fund of US$ 54 billion by 2020, with more than 57 million micro-businesses proposed bankableThe purpose of this study is to discuss taxation rules as a regulator function and budget function in the fintech industry specifically the Peer to Peer loan business model (P2P lending ) as part of the fintech business model. Special licenses related to the transaction and taxation model are also needed to make it easier and can be arranged according to the tax compliance.The government as regulator must issue regulations regarding the development of the P2P lending industry which includes aspects of taxation, namely subjects, objects, tax rates and collection mechanisms. Development of a special P2P lending model need to be anticipated quickly because they have to income the state.