Authors : Estiyan Dwipriyoko, Abdul Talib Bin Bon and F. Sukono
Abstract: Cooperative is a business arrangement that collectively owned by its member and focus on member needs. Cooperative have some problem such as: free rider member than often make chaos in decision making. There are scam, fraud and malpractices in cooperative investment, cooperative member do not really understand how did they get benefit and profit. New Generation Cooperative (NGC) is new kinds of cooperative that have secured membership and give more value in their service but new generation cooperative only have little information about its mechanism to give profit and benefit to their member. Technology strategy uses value chain analysis to map business procedure and function of the organization. This review will discuss about NGC financial mathematical model preliminary concept based on value chain analysis business process mapping to describe how the mechanism for cooperative member get their profit and benefit. NGC financial mathematical model preliminary concept can be implemented in NGC application architecture as part of NGC enterprise architecture.
Estiyan Dwipriyoko, Abdul Talib Bin Bon and F. Sukono, 2017. New Generation Cooperative Financial Mathematical Model Preliminary Concept. Journal of Engineering and Applied Sciences, 12: 4590-4594.