scholarly journals Investment appraisal of a poplar plantation aged 42 years

2013 ◽  
pp. 127-140
Author(s):  
Ljiljana Keca ◽  
Nenad Keca
Keyword(s):  
Discount Rate ◽  
Net Present Value ◽  
Cost Effective ◽  
Production Cycle ◽  
Private Land ◽  
Poplar Plantation ◽  
Investment Appraisal ◽  
Dynamic Investment ◽  
Populus X Euramericana ◽  
Benefit Cost

Commercial profitability of poplar cultivation was analyzed in an artificial poplar plantation in Serbia. The aim of this study was to validate the invested financial means in the artificial poplar plantation, on the basis of the analysis of costs and receipts during a 42-year rotation, on alluvial semigley, at a discount rate of 12%. Methods of dynamic investment calculation (net present value - NPV, internal rate of return - IRR, benefit-cost method - B/C and payback period - PBP) were used. The investigated plantations were established from Populus x euramericana cl. I-214, with a planting spacing of 6 x 3 m. At the calculation discount rate of 12%, the project for the production cycle of 42 years was not cost-effective from the economic aspect. The discount rate of 6% can be accepted in the studied plot because of the better site (alluvial semigley), but the oldness of the stand is unfavourable. For the studied sample plot, IRR was 5.51 %. B/C at r=12% in the study compartment was 0.24. The analysis shows that PBP is practically unacceptable for the investor at the discount rate of 6%. In practice, it is necessary to improve the position of producers in getting financial means for investment in poplar cultivation, so as to stimulate the establishment of artificial poplar plantations, especially in the private sector (on private land).

scholarly journals Estimation of cost-effectiveness of poplar wood pro­duction in Ravni Srem by applying the net present value method

2010 ◽  
pp. 81-100 ◽  
Author(s):  
Ljiljana Keca
Keyword(s):  
Cost Effectiveness ◽  
Discount Rate ◽  
Net Present Value ◽  
Cost Effective ◽  
Production Cycle ◽  
Wood Production ◽  
Present Value ◽  
Concrete Case ◽  
Production Cycles ◽  
The Cost

The commercial cost-effectiveness of poplar cultivation was analyzed based on the indicator for the assessment of agriculture and forestry projects-net present value (NPV). The analysis was made for the plantations of poplar clone I-214 in the area of Ravni Srem, under different rotations and on different soil types. The aim of the research was to assess the cost-effectiveness of the invested financials in wood production in poplar plantations, based on the analysis of costs and receipts in different periods of plantation age, using the net present value method. Under the calculation discount rate of 12%, the project for the production cycle of 24-42 years was not cost-effective from the economic aspect. Investment under calculation discount rate 4% was financially justified in all the study cases. The discount rate of 6% can be accepted by shorter production cycles in the younger stands (to the age of 28 years) on better sites (alluvial semigley). In the case of susceptibility analysis for NPV, it can be concluded that the NPV amounts for 13 study compartments within the analyzed scope of receipts and costs have a negative sign. This leads to a conclusion that the project is more susceptible to the changes in costs than to the changes in receipts in the concrete case at the discount rate of 12%.

scholarly journals An Economic Analysis of Poplar Cultivation in Punjab

2020 ◽  
Vol 65 (4) ◽  
Author(s):  
Mandeep Singh
Keyword(s):  
Net Present Value ◽  
Primary Data ◽  
Cost Ratio ◽  
Operational Cost ◽  
Poplar Plantation ◽  
Present Value ◽  
Benefit Cost Ratio ◽  
Net Returns ◽  
Benefit Cost ◽  
Agro Forestry

The present study analyzed the economic viability of poplar based agro-forestry system in Punjab. Primary data were collected from a sample of 60 adopters and 32 non-adopters of agro-forestry from 4 clusters of villages from Ludhiana and Ropar districts of Punjab state pertaining to year 2013-14. Two types of agro-forestry systems AFS-I (wheat + kharif fodder during 1st four years of poplar cultivation) and AFS-II (sugarcane for first two years and wheat during 3-4 years) were identified. The establishment cost was estimated at ` 7,871 per acre for an average farmer. The operational cost was worked out at ` 3,724 during 1-4 years and ` 2,919 during 5-6 years of plantation in AFS-I on per acre basis. The per acre operational cost in AFS-II was estimated at ` 1,904 during 1-2 years, ` 5,071 during 3-4 years and ` 3,630 during 5-6 years of poplar plantation. The net returns were ` 2,02,463, ` 2,05,283 and ` 2,29,720 in AFS-I and ` 2,19,015, ` 1,78,832 and ` 2,00,639 in AFS-II at 4th, 5th and 6th years of harvesting on per acre basis. The benefit-cost ratio and net present value were the highest at 5th year of harvesting in case of AFS-I and AFS-II. The analysis of benefit-cost ratio and net present value showed that the investment in poplar cultivation is considered to be economically viable during the study year.

scholarly journals Kelayakan Finansial Fasilitas Parkir Pasar Aceh Berdasarkan Qanun Kota Banda Aceh

2018 ◽  
Vol 4 (1) ◽  
Author(s):  
Rahmat Djamaluddin ◽  
Edi Mawardi
Keyword(s):  
Discount Rate ◽  
Net Present Value ◽  
Payback Period ◽  
Cost Ratio ◽  
Present Value ◽  
Benefit Cost Ratio ◽  
Financial Feasibility ◽  
Benefit Cost ◽  
Parking Facilities ◽  
Banda Aceh

Off Street Parking building  in Pasar Aceh Baru is one of the parking facilities available in the area. Withthe increase of visitors to Pasar Aceh Baru, the need for parking space is also increasing. In this case the authors want to analyze the feasibility in terms of finance based on parking rates using Qanun Banda Aceh City No. 4 year 2012. The objective of the study is to calculate the number of parking vehicles, vehicles accumulation and to see the financial feasibility level of the parking facilities based on Laws Banda Aceh city regulated by Qanun No. 4 year 2012, so the results obtained when the parking facility has a period of turnover point of payback (Payback Period). This study uses 3 methods, namely NPV, BCR and IRR and discount rate of 10%, 12%, 15% and 18%. From the data processing using 3 methods, resulted in Net Present Value (NPV) largest value is Rp. -3,853,539,000, - at 10% discount rate while the Benefit Cost Ratio (BCR) is 0,809 at discount rate 10% and IRR value equal to -1,149%. This proves that with parking rates using Qanun Banda Aceh City No. 4 year 2012 the parking facilities are not feasible to be built financially. Keywords: Financial Feasibility, Parking Rates, NPV, BCR, and IRR

scholarly journals Analisis Kelayakan Finansial Pengembangan Sistem Irigasi Cakram Otomatis Bertenaga Surya di Nusa Tenggara Barat

2015 ◽  
Vol 10 (2) ◽  
pp. 125
Author(s):  
Popi Rejekiningrum ◽  
Satyanto Krido Saptomo
Keyword(s):  
Discount Rate ◽  
Net Present Value ◽  
Payback Period ◽  
Cost Ratio ◽  
Present Value ◽  
Benefit Cost Ratio ◽  
Internal Rate ◽  
Benefit Cost

Penelitian implementasi teknologi irigasi hemat air menggunakan sistem irigasi otomatis yang berbentuk emiter melingkar(cakram/cincin) bertenaga surya telah dilakukan. Untuk mengetahui kelayakan investasi pembuatan sistem irigasi cakram otomatis bertenaga surya, dilakukan analisis Net Present Value (NPV), Internal Rate of Interest (IRR), dan Benefit Cost Ratio (BCR). Suatu investasi dikatakan layak bila memenuhi kriteria sebagai berikut: (1) NPV lebih besar dari nol, (2) IRR lebih besar dari discount rate yang sedang berlaku, (3) BCR lebih besar dari 1. Hasil analisis menunjukkan bahwa sistem irigasi cakram otomatis bertenaga surya untuk pengembangan komoditas mangga, srikaya, anggur, dan cabe sangat layak untuk dilaksanakan, dengan nilai NPV dari investasi berkisar antara Rp 1.533.423,00 – Rp 21.995.452, nilai BCR antara 1,34 - 3,78, dan nilai IRR antara 17,38% - 34,10%. Implementasi sistem irigasi cakram otomatis bertenaga surya dengan pengembangan srikaya dan mangga paling layak dikembangkan di Pringgabaya dengan nilai NPV, BCR, dan IRR paling tinggi. Sedangkan implementasi irigasi cakram otomatis dengan hanya mengembangkan cabe tidak layak secara finansial karena nilai NPV < 0, nilai BCR < 1, dan nilai IRR < suku bunga 14%. Investasi pembuatan irigasi otomatis dengan sistem cakram rata-rata kembali modal pada tahun ke-4 hal ini tercermin dari nilai payback period (periode kembali modal).

scholarly journals Economics of Rubber Production in Jhapa, Nepal

2020 ◽  
Vol 3 (1) ◽  
pp. 198-208
Author(s):  
Mousami Poudel ◽  
Prabin Adhikari ◽  
Suryamani Dhungana ◽  
Shankar Paudel ◽  
Kanti Thapa ◽  
...  
Keyword(s):  
Net Present Value ◽  
Probit Model ◽  
Cost Effective ◽  
Simple Random Sampling ◽  
Economic Feasibility ◽  
Cost Ratio ◽  
Rubber Production ◽  
Benefit Cost Ratio ◽  
Benefit Cost ◽  
Farmers Field School

A study was conducted to examine cost structure and economic feasibility of rubber production in Jhapa district. It also aimed to assess determinants of increment in acreage of rubber cultivation in the study area. A total of sixty two rubber growers were selected by simple random sampling and interviewed with pre-tested semi structured schedule on the month of March, 2019. Study revealed that the total cost of natural rubber production per hectare of rubber orchard was 499774.8 NRs. /year. It was found to be economically viable and cost effective as indicated by satisfactory values of Benefit Cost Ratio (1.5), Net Present Value of NRs. 686547 at a discount rate of 12 percent and Internal Rate of Return 18 percent. Probit model revealed that trainings received, experience of rubber farming, ethnicity and membership in community organizations were significant factors that positively affected farmers’ decision in expanding rubber cultivation area. Received trainings solely could increase probability of acreage increment by 36.9 percent. Thus, it is recommended that extension services like training, farmers’ field school, and farm visits should be intensified for increment of profitability from rubber farming in Jhapa, Nepal.

scholarly journals Analisis Kelayakan Finansial Agroindustri Cokelat Kota Palu (UKM Banua Cokelat)

2021 ◽  
Vol 28 (2) ◽  
pp. 186-196
Author(s):  
Ambo Abd. Kadir Pakanyamong ◽  
Effendy Effendy ◽  
Rustam Abdul Rauf
Keyword(s):  
Discount Rate ◽  
Net Present Value ◽  
Payback Period ◽  
Rate Of Return ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Net Benefit ◽  
Benefit Cost Ratio ◽  
Benefit Cost

Penelitian ini bertujuan untuk mengetahui analisis kelayakan finansial agroindustri Banua Cokelat. Penelitian ini dilaksanakan pada bulan November 2020 sampai dengan Februari 2021. Penentuan responden dilakukan secara sengaja (purposive). Hasil analisis kelayakan finansial agroindustri UKM Banua Cokelat  di peroleh nilai Net Present Value (NPV) lebih besar dari nol, yaitu sebesar RP 653.767.394, Net Benefit Cost Ratio (Net B/C) lebih besar dari satu yaitu sebesar 1.26,  Internal Rate of Return lebih besar dari discount rate  yaitu sebesar 19,7% dan Payback Period membutuhkan waktu selama 2 tahun 8 bulan untuk mengembalikan modal yang telah dikeluarkan dalam kegiatan investasi. Berdasarkan hasil analisis kelayakan finansial menunjukkan bahwa usaha ini layak untuk dilanjutkan atau dikembangkan.

scholarly journals Cost Analysis of Deploying Femtocells in Speed Trains in Nigeria to Improve Indoor Coverage and Capacity of LTE Network

2021 ◽  
Author(s):  
Raphael Eze ◽  
Mamilus Ahaneku ◽  
Udora Nwawelu ◽  
Douglas Amoke
Keyword(s):  
Cost Analysis ◽  
Discount Rate ◽  
Net Present Value ◽  
Capital Expenditure ◽  
Life Time ◽  
Cost Effective ◽  
Tax Rate ◽  
Railway Line ◽  
Lte Network ◽  
The Cost

Abstract The cost analysis of deployment of femtocells in speed trains along Abuja-Kaduna standard gauge railway line to improve the coverage and capacity of Long Term Evolution (LTE) network for 5000 commuters using that route daily is presented in this paper. Additional cost will include the cost of femtocells procurement, license, installation, backhaul, operation & maintenance. The cost analysis is carried out using techno-economic model to determine the business viability of embarking on such a project by LTE network providers in Nigeria. The estimated capital expenditure (CAPEX) and operating expenditure (OPEX) as well as the projected revenues accrues from this project form the cash outflows and cash inflows are used to simulate the net present value (NPV) and internal rate of return (IRR) in MS Excel environment on a discount rate and tax rate of 22%, and 30%, respectively to determine the feasibility of the investment. The results of their NPV values which are positive show that the macro-femtocell arrangement in speed train plying Abuja-Kaduna railway route is cost effective for a life time of 10 years and is feasible up to an IRR 53% which exceeds the estimated discount rate of 22%. The value of the payback period indicates that it will not take long for any LTE network provider in Nigeria to recover their investment. The result of the NPV sensitivity analysis shows how various cost and non-cost parameters affect the cost-effectiveness of such investment.

scholarly journals FEASIBILITY OF INVESTMENT DEVELOPMENT SYUKURAN AMINUDDIN AMIR AIRPORT LUWUK

2020 ◽  
Vol 9 (1) ◽  
pp. 39-50
Author(s):  
Hamzah ◽  
Fahira ◽  
Nirmalawati
Keyword(s):  
Net Present Value ◽  
Payback Period ◽  
Cost Ratio ◽  
Economic Calculation ◽  
Benefit Cost Ratio ◽  
Investment Appraisal ◽  
A Value ◽  
Break Even Point ◽  
Benefit Cost ◽  
The Town

Air transport in the town of Luwuk Banggai has increased significantly, this can be seen with increasing volume flight Syukuran Aminuddin Amir Airport average of 17.59% per year to various regions in the country and has the infrastructure facilities that can accommodate as many as 219261 average passengers/year with a percentage of 17.67% per year. The results of the research can be used to determine the feasibility of investing in the development of an airport by using economic calculation engineering and value advantage of the extension of the runway to 3000 m complete with other facilities with competing methods will be applied as follows: Net Present Value (NPV), Benefit-Cost Ratio (BCR), Internal Rate of Return (IRR), and payback period. From the results of investment appraisal using the NPV method results obtained IDR.79,002,433,592.00 with methods derived into 36.142% IRR greater than 15% and Profitability Index (PI) has a value of 1.126 that is greater than 1 and analysis Payback Period (PP) was obtained within 15 years to reach the Break-Even Point.  

EVALUASI TERHADAP PENGELOLAAN SAMPAH DALAM MENINGKATKAN PELAYANAN ASET DI KOTA PEMATANGSIANTAR

2017 ◽  
Vol 13 (3) ◽  
pp. 240
Author(s):  
Novdin M Sianturi
Keyword(s):  
Net Present Value ◽  
Payback Period ◽  
Rate Of Return ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Benefit Cost Ratio ◽  
Internal Rate ◽  
Benefit Cost

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.

KELAYAKAN USAHA PENANGKAPAN IKAN MENGGUNAKAN JARING INSANG (GILL NET) DI WADUK JATIGEDE KABUPATEN SUMEDANG

2018 ◽  
Vol 2 (1) ◽  
pp. 8-14
Author(s):  
Wahyu Setiawan ◽  
Atikah Nurhayati ◽  
Titin Herawati ◽  
Asep Agus Handaka
Keyword(s):  
Net Present Value ◽  
Cost Ratio ◽  
Present Value ◽  
Literature Study ◽  
Benefit Cost Ratio ◽  
Period 2 ◽  
Gill Net ◽  
Business Analysis ◽  
Benefit Cost ◽  
Profit Value

Gill net is one of the fishing gear used by Jatigede Reservoir fisherman. The purpose of this research is to analyzed the feasibility of fish catching business with gill net in Jatigede Reservoir. This research was conducted by used data collection method (observation, questioner, literature study) and method of data analysis (feasibility business analysis). The benefits of this research is expected to be informations and references for the research who will expand a fishing business with gill net at Jatigede Reservoir. The result of feasibility of fish catching business with gill net at Jatigede Reservoir is profit value Rp. 70.890.000, Break Event Point price and production (all species of fish) Rp. 4.154/kg and 2.136kg in a year, Benefit Cost Ratio 3,37, Payback Period 2 months and Net Present Value >1 Rp. 52.820.243, the fish catching business using gill net at Jatigede Reservoir is feasible to be developed.

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