scholarly journals Minimum revenue guarantee and toll revenue cap optimization for PPP highways: Pareto optimal state approach

2015 ◽  
Vol 10 (4) ◽  
pp. 365-371 ◽  
Author(s):  
Yuanqing Wang ◽  
Zihua Li ◽  
Yanan Gao
Keyword(s):  
Risk Sharing ◽  
Net Present Value ◽  
Search Algorithm ◽  
Financial Burden ◽  
Scatter Search ◽  
Benefit Sharing ◽  
Pareto Optimal ◽  
Present Value ◽  
Optimal State ◽  
The Government

In the Public-Private Partnership highway projects the Minimum Revenue Guarantee and Toll Revenue Cap policies are effective measures for risk and benefit sharing between the government and the private sector. However, if the Minimum Revenue Guarantee and Toll Revenue Cap values are unreasonable, it may lead one part of the investors to take too much risk and financial burden. This paper mainly establishes six objectives from the return and risk perspectives of the government, the concessionaire and the overall situation respectively. Because the traditional Discount Cash Flow method does not consider the risk factors, this paper proposes to use Monte Carlo simulation and scatter search algorithm to calculate the optimal values of the Minimum Revenue Guarantee and Toll Revenue Cap under different objectives. Compared with the statistics of the Net Present Value under different cases, it was summarized that when the objective is minimizing the variance of the total Net Present Value, the investors will realize the Pareto optimal state between the return and risk. In addition, it was found that the government is more sensitive to the Minimum Revenue Guarantee and Toll Revenue Cap marginal values according to the sensitive analysis. Therefore, the model has an effect on improving the fairness of the risk sharing measures, reducing the financial burden of the investors especially the government, and increasing the investment attraction of the private sectors.

scholarly journals Studi Kelayakan Ekonomis Rencana Pembangunan Pelabuhan Sungai Liong Desa Berancah Kabupaten Bengkalis

2019 ◽  
Vol 3 (2) ◽  
pp. 146
Author(s):  
Nur Rahmani ◽  
Akmal Lazuardy
Keyword(s):  
Net Present Value ◽  
Payback Period ◽  
Economic Feasibility ◽  
Rate Of Return ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Benefit Analysis ◽  
Present Value ◽  
The Government ◽  
The Cost

The fish shelter port (TPI) is a need that needs to be prepared by local village officials and the government for every coastal village in Bengkalis Regency. This research was conducted in the Berancah village of Bantan District. The analysis in this study describes the economic feasibility mathematically for the construction of a fish storage port (TPI) by calculating the cost ratio (B / C ratio) benefit analysis, payback period (PP), net present value (NPV), and internal rate of return ( IRR). The results obtained from the NPV value (3,661,267,645), BCR value (0.943), IRR value of 10.01%, and PP are in the period of 30 years. Taken as a whole by standardizing the calculations, it can be concluded that the planned construction of a fish shelter in Berancah village is considered not economically feasible, but economic analysis is not merely a benchmark for feasibility, reviewed for the future many benefits will be received by the community around the location of the development plan so that it can improve the welfare of the community in Berancah village.

scholarly journals Revitalization of property asset on the Dumilah Waterpark through the infill development of new activities

2021 ◽  
Vol 778 (1) ◽  
pp. 012005
Author(s):  
E B Santoso ◽  
V K Siswanto ◽  
U Sulistyandari
Keyword(s):  
Net Present Value ◽  
Regional Scale ◽  
Payback Period ◽  
City Government ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Infill Development ◽  
Financial Feasibility ◽  
The Government ◽  
The City

Abstract Property assets owned by the city government should provide high benefits as a source of regional income. The asset is aging so that its productivity will decrease. The government is trying to revitalize assets to make them more productive. The purpose of this study is to determine the best utilization that can provide the highest benefit. The method used to assess the development of these assets is through the high best use approach. Several alternatives to the use of assets compared with the analysis of financial feasibility include the calculation of IRR, NPV, PP, ROI. The utilization of property assets that is more profitable for landowners, based on the results of the FGDs that have been carried out there is an opportunity to build a supporting facility for the development of Dumilah Water Park as a Hotel and Convention Hall. Both of these facilities have considerable economic appeal to support the function of the city of Madiun as a center for trade and services on a regional scale. Based on the calculation of financial feasibility at Dumilah Water Park with an initial investment amount of Rp. 60,354,000,000.00 then the Net Present Value is obtained of Rp. 6,258,119. Likewise, the Internal Rate of Return was obtained at 11.41%, greater than the 10% interest rate. Meanwhile, the Payback Period of this investment is 8 years with an ROI of 10%.

scholarly journals PENGELOLAAN TINGKAT PEMAKAIAN LAPANGAN PENUMPUKAN DAN TINGKAT PENGGUNAAN DERMAGA di PT TERMINAL TELUK LAMONG

2019 ◽  
Vol 2 (1) ◽  
pp. 7-16
Author(s):  
Yugowati Praharsi
Keyword(s):  
Net Present Value ◽  
Moving Average ◽  
Operational Performance ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Double Exponential ◽  
Double Exponential Smoothing ◽  
The Government ◽  
Hierarchy Process ◽  
The Relationship

Judgement Yard Occupancy Ratio (YOR) and Berth Occupancy Ratio (BOR) at PT Terminal Teluk Lamong have not entered the optimal operational performance. YOR and BOR into one assessment in looking at the performance of the port of unloading so that relevant to researched. The purpose of this study is to: 1. Analyze the relationship between YOR and BOR in the PT Terminal Teluk Lamong, 2. Make mathematical modeling, 3. Compile estimates the development performance upcoming of YOR and BOR using a linear regression, forecasting double moving average, and double exponential smoothing with the smallest error, 4. Create Strategies and solutions to improve operational performance YOR and BOR PT Terminal Teluk Lamong, 5. Analyze the feasibility of investment on the results of strategies and solutions YOR and BOR. Results show correlation. value of 0489 which means quite a significant effect. The results of the modeling shows positive values so that forecasting would always go up. The value in the year 2020 forecast shows the optimum standard yet on YOR of 54.57% and the BOR is not good because it exceeds the standards established by the Government of the value of 76.74%. The results of the Analytical Hierarchy Process, shows that the main priority of the plan is the addition of length quay. The addition is planned to be a viable investment for the company with the highest Payback Period criteria 5 years 8 months, the Net Present Value of Rp447.341.169, Internal Rate of Return of 19% and Profitability Index of 1.91.

Recovery plan will need to follow Argentine debt deal

2020 ◽  
Keyword(s):  
Interest Rate ◽  
Central Bank ◽  
New Deal ◽  
Net Present Value ◽  
Structural Reforms ◽  
Present Value ◽  
Small Reduction ◽  
Content Type ◽  
Wide Acceptance ◽  
The Government

Significance The net present value (NPV) of this fifth offer is around 37% higher than the first, largely the result of bringing forward payment dates. Despite a significant fall in the average interest rate, the small reduction in principal implies that the debt-to-GDP ratio remains high. Congress has also passed a bill to restructure local debt, which is expected to gain wide acceptance. Impacts The debt deal will strengthen Fernandez and more moderate sectors within the government. The reopening of voluntary debt markets will reduce Treasury dependence on the Central Bank, easing inflationary pressures. A new deal with the IMF will need to include commitments to structural reforms, such as tax and pensions.

MODEL PENGANGKUTAN SAMPAH DI KOTA BANGLI

1970 ◽  
Author(s):  
Pande N Sari Saraswati ◽  
I G. B Sila Dharma ◽  
I Gst Ketut Sudipta
Keyword(s):  
Net Present Value ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Individual Pattern ◽  
Dump Trucks ◽  
The Government ◽  
Transportation Routes ◽  
Hotel Accommodation ◽  
Market Trader

The garbage transportation in Bangli City is currently done using a direct individual pattern (door to door). The vehicles used are dump trucks which are not covered, so they pollute the areas they pass by. Most of the vehicles are in bad condition. This study was aimed at identifying the transportation routes, the number of vehicles needed, the temporary place of garbage disposal ‘Tempat Pembuangan Sementara’ (TPS), and the rate of garbage retribution. The research method included the sample of garbage from the place of residence and the place of non residence based on SNI-19-3964-1994 used as a reference. This model used five compactor trucks for carrying garbage from 283 container bins with capacity of 0.36 m3, and one armroll truck for carrying the market garbage from four loudhaul with capacity of 6 m3 per day. The amount of retribution is analyzed based on the calculation of investment feasibility for 10 years time at 18% MARR interest rate, with an assumption that there was subsidy from the government. It was found that the value of NPV (Net Present Value) was Rp. 35.673.540,99, the value of BCR (Benefit of Cost Ratio) was 1.021 and the value of IRR (Internal Rate of Return) was 19.11%. The monthly rates of retribution were Rp. 2,000.00/family, Rp. 20,000.00/school unit, Rp. 25,000.00/office unit, Rp. 8,000.00/shop unit, Rp. 20.000.00/restaurant unit, Rp. 2,000.00/hotel/accommodation unit, and Rp. 6,000.00/market trader.

scholarly journals The Economic and Environmental Benefits of Solar Energy in the Agricultural Sector: The Case of Morocco

2020 ◽  
Vol 8 (3) ◽  
Author(s):  
Roberto Ariel Telleria Juárez ◽  
Hassane Serghini Idrissi ◽  
Ampaitepin Singhabhandhu ◽  
Aden Aw-Hassan ◽  
Abdelali Laamari
Keyword(s):  
Solar Energy ◽  
Agricultural Sector ◽  
Net Present Value ◽  
Environmental Benefits ◽  
Agricultural Irrigation ◽  
Equivalent Amount ◽  
Solar Panels ◽  
Present Value ◽  
The Government ◽  
Gas Cylinders

The main purpose of this research was to analyse the potential of solar panels to replace both LPG (butane gas cylinders) and diesel currently used in Morocco for agricultural irrigation. A swap would help Morocco to conserve the environment by using cleaner energy, as well as moving towards meeting Morocco’s emission targets. For this purpose, we surveyed 112 farmers in two Moroccan regions, Sidi El Aidi and Fquih Ben Salah. We found that pumping one cubic meter of groundwater with solar energy was in average 33.3% cheaper in Sidi El Aidi, and 60.6% cheaper in Fquih Ben Salah than pumping using LPG. Net present value estimates suggest that investing in solar panels is profitable. Environmental analysis suggested that switching from LPG or diesel to solar energy would save the equivalent amount of energy used by 13–25 million 60-W electric bulbs per year. The government, farmers and the environment would gain by replacing LPG with solar energy. However, once solar panels are installed, pumping cost is virtually zero. Farmers may be tempted to overuse irrigation water, and consequently accelerate the depletion of groundwater. Implementing groundwater regulations to control the amount of groundwater pumped should precede any government program intended to promote solar energy.  

scholarly journals Research on Government Compensation for Toll Road Public-Private Partnerships (PPP) Projects

2020 ◽  
Vol 3 (2) ◽  
pp. 1
Author(s):  
Zhenyao Wu ◽  
Bin Shuai
Keyword(s):  
Growth Rate ◽  
Monte Carlo Simulation ◽  
Monte Carlo ◽  
Net Present Value ◽  
Government Subsidy ◽  
Present Value ◽  
Government Subsidies ◽  
Toll Road ◽  
Research Findings ◽  
The Government

With the continuous implementation of the PPP projects, due to the imperfection of relevant policies, the blindness of government subsidy is constantly emerging. Thus, it is important to put forward a practical approach for valuing the subsidies and risk. In this paper, the revenue subsidies model and traffic subsidies model are established. Then combined with practical cases, Monte Carlo simulation is used to get the value and probability of government subsidies under different compensation ways. On this basis, the influence of initial traffic volume and traffic growth rate on government subsidies and net present value of investors is analyzed. The research findings can provide theoretical guidance for the government to choose a reasonable way of subsidies, balance the risk of compensation, and formulate subsidies policies.

ANALISIS KELAYAKAN FINANSIAL INDUSTRI PENGOLAHAN KECAP ANEKA GUNA DI KOTA LANGSA

2017 ◽  
Vol 2 (1) ◽  
pp. 21-30
Author(s):  
Muhammad Jamil ◽  
Januari Frizki Bella
Keyword(s):  
Net Present Value ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate

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).  

UNIFICATION OF STANDS SELECTION FOR FINAL FELLING IN STRATEGIC AND TACTICAL PLANNING

2015 ◽  
Author(s):  
Ainārs GRĪNVALDS
Keyword(s):  
Strategic Planning ◽  
Net Present Value ◽  
Strategic Plan ◽  
Regression Function ◽  
Tactical Planning ◽  
Present Value ◽  
Black Alder ◽  
Value Maximization ◽  
Annual Changes ◽  
Selection For

The stand selection for cutting in tactical planning should be done according to the same principles like in strategic planning – to maximize net present value. The simple way of how to transfer the net present value maximization principle from strategic planning to tactical planning was created in Sweden. The method is based on annual changes in the net present value by postponing final felling. Forest inventory data and forestry modelling system was used for calculation of changes in net present value for pine, spruce, birch, aspen and black alder stands. And changes in net present value were described by regression function with factors from stand parameters. The regression function allows calculating annual changes in net present value for each stand. And stands with higher decrease in net present value have higher cutting priority. Stands selected for the final felling in strategic plan were compared with the stands selected in tactical plan with two methods, first, by using annual changes in the net present value, second, by traditional planning principles. Stands selected by annual changes in the net present value were similar to stands that were selected for cutting in strategic plan, but stands selected by traditional planning principles – not.

Sign in / Sign up

Export Citation Format

Share Document