A STUDY OF ASPHALT TERMINAL DEVELOPMENT PROPOSAL AS STRATEGY TO ENHANCE LOGISTICS MANAGEMENT BUSINESS OF PT MAHA GUNA INDUSTRI

• Main Author: GHAIB INSANI (NIM 29115395) , MIRNA
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/23081
• Institution: Institut Teknologi Bandung

The road infrastructure development is part of Government of Indonesia's priority program. Reviewed <br /> <br /> <br /> from the length of planned and built road, the number is always increasing from time to time. Average <br /> <br /> <br /> road growth is 3.52% per year. One of the most important road materials is asphalt. Most of this <br /> <br /> <br /> asphalt is supplied by PT Pertamina (Persero). Although PT Pertamina (Persero) is the only asphalt <br /> <br /> <br /> producer in Indonesia but until now PT Pertamina (Persero) has not been able to meet all demand. A <br /> <br /> <br /> wide range of services and limited distribution network facilities create opportunity for the <br /> <br /> <br /> development of asphalt terminal. PT Maha Guna Industri as a downstream oil and gas company who <br /> <br /> <br /> has core competence in logistics management service is faced with this opportunity. Internal condition <br /> <br /> <br /> such as corporate earning which still rely on fuel trading and not optimum utilization of land asset in <br /> <br /> <br /> Central Sumatra become another factors for the company to consider the business opportunity of this <br /> <br /> <br /> asphalt terminal. Investment analysis and risk assessment are needed to justify the feasibility of asphalt <br /> <br /> <br /> terminal project with a capacity of 20,000 ton and sales volume of 120,000 ton per year. <br /> <br /> <br /> <br /> This study aims to analyze the investment feasibility of asphalt terminal development project, <br /> <br /> <br /> determine the most sensitive variable and assess potential risks follow by proposed mitigation plans to <br /> <br /> <br /> reduce the probability and impact that may arise from the project. Business environmental analysis <br /> <br /> <br /> both internal and external is done to review the company capacity and strategy in capturing this <br /> <br /> <br /> business opportunity. The project financial review is prepared by calculating the investment criteria of <br /> <br /> <br /> NPV, IRR, PI, Payback Period and Discounted Payback Period. Risk assessment refers to ISO 31000: <br /> <br /> <br /> 2009. The result analysis shows that asphalt terminal development project is feasible and meets the <br /> <br /> <br /> investment criteria. While potential project risks that have significant impact are permitting as well as <br /> <br /> <br /> Health, Safety and Environment (HSE) aspect. <br /> <br />