Operational Risk Analysis at Agribusiness and Technology Park (ATP) IPB, Bogor, Indonesia

• Published in: Journal of physics. Conference series 2021-02, Vol.1764 (1), p.12216
• Main Authors: Fauzi Aditra, M., Nurhayati, Popong, Jahroh, Siti
• Format: Article
• Language: English
• Subjects: Farms; Impact analysis; Physics; Risk analysis; Risk levels
• ISSN: 1742-6588; 1742-6596
• DOI: 10.1088/1742-6596/1764/1/012216

ATP IPB is an autonomous business unit under Teaching Farm Sub Directorate of IPB’s Business and Entrepreneurship Development Directorate. It produces fruits and vegetables from its own farm and farmers as its partners, and also sells the produces mainly to modern markets. It faces risks in operating its business, especially operational risk. This study aims to: (1) identify ATP operational risk, (2) measure risk based on likelihood and impact, (3) analyze the root causes of ATP operational risk, and (4) provide alternative solutions to the underlying causes. The study was conducted in January to April 2019. Risk level map, risk map, and cause-effect diagram were employed in this study. Results showed three main risks, namely (R1) the output of ATP’s partner did not reach the target, (R2) the output of ATP’s partner exceeded the target, and (R3) the farmer’s production did not reach ATP standard. Risk R2 is included in the low risk level, risks R1 and R3 are included in the extreme risk level. The root causes of the three risks are ineffective penalties, no priority for the screen-house, no priority for increasing the workforce, relationship between supervisor and partner farmers are still transactional. Alternative solutions that can be proposed are participatory assistance, contract review, screen-house implementation, and the formation of farmer groups.\