Notice of Retraction: Should Chinese government enhance Human Capital Investment in less developed areas? An analysis based on social internal rate of return

Author(s):  
Zhiyong Liu
2013 ◽  
Vol 64 (2) ◽  
Author(s):  
Sun Yifan ◽  
Amran Rasli

In China, Elderly care of rural residents is a heavy burden for Chinese government. The inadequate of rural endowment insurance has resulted in the deficiency of education investment for the next generation, and in some poor families children even lost their chance of going to school. Therefore, it’s necessary to study the relation between rural endowment insurance and human capital. In 2009, a reform has begun. The contribution has been cut into 3 parts, rural residents only need to pay one third; the other 2 parts are paid by the government of the country and local village. 3 years past, this paper used regression analysis to see if the reform improved rural human capital investment, the result showed that there is no significant correlation. The government should do more work on publicity to let rural residents know the policy of new rural endowment insurance, to let them sure that they needn’t worry about their old age life quality.


2011 ◽  
Vol 25 (3) ◽  
Author(s):  
Thomas L. Zeller ◽  
Brian B. Stanko

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">This paper demonstrates how to build risk into capital investment decisions.<span style="mso-spacerun: yes;">&nbsp; </span>We illustrate how to combine distribution theory, technology, and a business professional&rsquo;s skills and insight into a capital investment analysis.<span style="mso-spacerun: yes;">&nbsp; </span>In addition, we show how management can approximate the risk of each cash flow estimate and display the overall capital investment results.<span style="mso-spacerun: yes;">&nbsp; </span>This framework is extended by showing how a mutually exclusive decision can be improved, using a lease versus purchase example.</span><a style="mso-footnote-id: ftn1;" name="_ftnref1" href="http://journals.cluteonline.com/index.php/JABR/author/saveSubmit/#_ftn1"><span class="MsoFootnoteReference"><span style="mso-special-character: footnote;"><span class="MsoFootnoteReference"><span style="font-family: &quot;Times New Roman&quot;,&quot;serif&quot;; font-size: 10pt; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US; mso-ansi-language: EN-US; mso-bidi-language: AR-SA;">[1]</span></span></span></span></a><span style="font-family: Times New Roman;"><span style="mso-spacerun: yes;">&nbsp; </span>An Excel template is readily available from the authors allowing a hands-on application of the framework presented in this paper.<span style="mso-spacerun: yes;">&nbsp; </span>In addition, this paper positions the reader to comfortably use more advanced analytics, such as Monte Carlo simulation, a tool that is readily available in commercial software applications.</span></span></p><div style="mso-element: footnote-list;"><br /><span style="font-family: Times New Roman;"><hr size="1" /></span><div id="ftn1" style="mso-element: footnote;"><p class="MsoFootnoteText" style="text-align: justify; margin: 0in 0in 0pt;"><span style="font-size: 9pt;"><span style="font-family: Times New Roman;">This paper focuses on the application of net present value.<span style="mso-spacerun: yes;">&nbsp; </span>The advantage of using net present value in a capital budgeting decision is that it shows the potential stakeholder wealth creation and wealth destruction.<span style="mso-spacerun: yes;">&nbsp; </span>An internal rate of return analysis is intentionally left out of this paper.<span style="mso-spacerun: yes;">&nbsp; </span>According to Brealey, Myers and Allen, <em style="mso-bidi-font-style: normal;">Principles of Corporate Finance</em>, New York, NY: McGraw-Hill/Irwin 2006, pp. 91-99, internal rate of return should not be used to evaluate mutually exclusive capital investments.<span style="mso-spacerun: yes;">&nbsp; </span></span></span></p></div></div>


1985 ◽  
Vol 16 (1) ◽  
pp. 35-39
Author(s):  
I. J. Lambrechts ◽  
J. J. Doppegieter

In an analysis of ten widely used price-control formulae it was shown that the formulae took into consideration a variety of different stipulations such as the calculation of funds employed, the definition of profit and the profitability rate allowed. Furthermore it is maintained that the commonly used intuitive and/or conventional methods of evaluation are subject to various shortcomings. Therefore, it can be inferred that it is virtually impossible to compare different price formulae in isolation. To overcome this problem a simulation model, based on certain assumptions, has been developed. The model compares and evaluates the adequacy of various price formulae over time (dynamically) in different ways, i.e. several ratios and criteria are calculated with the internal rate of return being the primary one. In the remaining three articles, the simulation model will be applied to the two formulae presented in this article.


2019 ◽  
Vol 10 (7) ◽  
pp. 654-657
Author(s):  
Pathompong Kookkaew ◽  

The purposes of this research study were cost and benefits analysis of Rattan and Bamboo Wickerwork Products Group. Qualitative study was employed to collect and analyze data using in-depth interview. Interview questions were related to costs and benefit, and return on investment analysis — Net Present Value: NPV, Internal Rate of Return: IRR, Benefit and Cost Ratio: B/C Ratio at Discount Rate of 7% of 10 years of project life. The results reveal that Net Present Value (NPV) was 137,391 Baht, Internal Rate of Return (IRR) was 30.89%, Benefit and Cost Ratio (B/C Ratio) was 1.04. Financial return is in capital investment decision criteria.


2017 ◽  
Vol 2 (1) ◽  
pp. 21-30
Author(s):  
Muhammad Jamil ◽  
Januari Frizki Bella

Adapun tujuan dari Penelitian ini adalah untuk mengetahui kelayakan usaha industri pengolahan kecap Aneka Guna apabila dilihat dari segi kelayakan finansial. Penelitian ini menggunakan metode studi kasus. Lokasi penelitian yaitu di Kota Langsa dengan pertimbangan bahwa lokasi tersebut merupakan daerah yang terdapat industri pengolahan kecap asin dan mudah di jangkau oleh penulis. Waktu penelitian dilaksanakan pada Bulan Juni - Oktober 2014. Tenaga kerja yang digunakan berjumlah 27 orang, 20 tenaga kerja pria dan 7 orang tenaga kerja wanita. Jumlah penggunaan tenaga kerja selama 5 tahun sebesar 3759 HKP. Total biaya produksi yang dikeluarkan oleh pengusaha dalam usaha pembuatan kecap didaerah penelitian selama 5 tahun adalah Rp. 2.076.988.000,-. Pendapatan kotor yang diperoleh pengusaha sebesar Rp. 8.199.690.000,- dan pendapan bersih yang diperoleh sebesar Rp. 6.122.702.000,-                 Kota Langsa hanya memiliki 1 pengusaha pengolahan kecap asin dan dijadikan sebagai pengusaha sampel yaitu usaha industri pengolahan kecap asin Aneka Guna. Hasil perhitungan di peroleh Net Present Value (NPV) sebesar Rp. 263.281.290 (lebih besar dari nol), sedangkan Internal Rate of Return (IRR) sebesar 84% lebih besar dari tingkat bunga yang berlaku (D.F. = 18%), sedangkan Net B/C Ratio sebesar 3,27 (lebih dari pada 1) dan Pay Back Priod (PBP) 1 Tahun 6 Bulan (lebih kecil dari umur ekonomis).  


2017 ◽  
Vol 13 (3) ◽  
pp. 240
Author(s):  
Novdin M Sianturi

Abstrak: Pengelolaan sampah di Kota Pematangsiantar masih bertumpu pada pendekatan akhir (kumpul-angkut-buang), dengan tingkat pelayanan yang rendah, sehingga untuk meningkatkan pelayanan sampah, perlu dilakukan pemilahan di tempat penampungan sementara (TPS). Penelitian ini bertujuan untuk mengkaji sistem pengelolaan sampah dengan melakukan pemilihan di TPS dapat meningkatkan pelayanan aset persampahan sampai tahun  2015 secara teknis operasional dan dari aspek keuangan. Analisa teknis operasional aset pengelolaan sampah mulai dari pewadahan, pengumpulan dan pengangkutan sedangkan analisa keuangan dan analisa kelayakan menggunakan Net Present Value, Internal Rate of Return, Benefit/Cost Ratio, dan Payback Period. Dari hasil analisa tersebut diperoleh suatu sistem pengelolaan sampah dengan pemilihan di TPS berdasarkan zona pelayanan dengan skala prioritas secara bertahap daritahun 2013-2017, dapat meningkatkan cakupan pelayanan sampah eksisting rata-rata 6,69 %, cakupan pelayanan TPS eksisting rata-rata 8,29 %, dan cakupan pelayanan truk pengangkut sampah eksisting rata-rata 12,03 %. Investasinya layak, diperoleh Net Cashflow pada tahun 2020 sebesar Rp 1.720.242.284,-, NPV suku bunga 15 % bernilai positif, IRR > MARR 15 %,  B/C Ratio > 1, dan PP 4,7 tahun, lebih pendek dari periode investasi 10 tahun. Dari Metode penelitian ini maka pengumpulan data, observasi lapangan dan pengukuran contoh timbulan sampah dengan sampel 4 TPS perumahan yang terlayani pengangkutan.


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