scholarly journals OPTIMIZED PLANNING OF ASSORTMENT PRODUCTION IN FOREST STANDS

FLORESTA ◽  
2019 ◽  
Vol 49 (4) ◽  
pp. 735
Author(s):  
Luan Demarco Fiorentin ◽  
Julio Eduardo Arce ◽  
Allan Libanio Pelissari ◽  
Rodrigo Otávio Veiga de Miranda ◽  
Thaís Wisniewski de Freitas
Keyword(s):  
Net Present Value ◽  
Production Data ◽  
Timber Production ◽  
Objective Functions ◽  
Present Value ◽  
Homogeneous Production ◽  
Planning Strategies ◽  
Pinus Spp ◽  
Industrial Demand ◽  
Over Time

This study aimed to evaluated two optimized planning strategies and analyze their performance in timber production. Data were obtained in Pinus spp. stands from a forestry company with unbalanced planted area over time. Maximization models of forest production (1) and net present value (2) were formulated and two minimization objective functions of the production deviation (3) and minimum and maximum production oscillation (4) were tested as alternatives to the traditional models. The highest thinning and clearcutting average areas were obtained in strategy 1. Strategies 1 and 2 resulted in the greatest variability of forestry operations. All strategies resulted in the highest timber production for sawn and special sawn wood and the lowest for veneer, while the pulpwood volume was almost constant. Strategies 1 and 2 provided the highest average timber volume and the greatest variability in the production, while strategies 3 and 4 were more efficient, since they supplied the industrial demand with homogeneous production.

scholarly journals Profit-Maximizing Dairy Sire Selection Package

1988 ◽  
Vol 20 (1) ◽  
pp. 141-144 ◽  
Author(s):  
Robert W. Blake ◽  
C. Richard Shumway ◽  
Michael A. Tomaszewski ◽  
Greg P. Rickard ◽  
John M. LaBore
Keyword(s):  
Net Present Value ◽  
Planning Horizon ◽  
Economic Factors ◽  
Objective Functions ◽  
Present Value ◽  
Herd Management ◽  
C Language ◽  
Performance Factors ◽  
Microcomputer Program ◽  
Dairy Sire

AbstractThe Net Present Value Sire Summary Professional Package (NPVSS) is a microcomputer program designed for technical personnel to help dairy producers better manage investments in genetic improvement. NPVSS is written in C language, utilizes the MS-DOS operating system, and requires 256K of RAM. It is menu driven and includes parameter screens to define herd management characteristics of individual producers. Profit rankings of bulls can be generated to evaluate alternative: a) objective functions (selection policies for genetic merit in milk income and type scores), b) herd management performance factors (conception rate, calving interval, age at first calving), and c) economic factors (milk price, semen price, discount rate, planning horizon).

scholarly journals The Financial Valuation Risk in Pepper Production: The Use of Decoupled Net Present Value

Mathematics ◽  
2020 ◽  
Vol 9 (1) ◽  
pp. 13
Author(s):  
Josefa López-Marín ◽  
Amparo Gálvez ◽  
Francisco M. del Amor ◽  
Jose M. Brotons
Keyword(s):  
Interest Rates ◽  
Risk Evaluation ◽  
Net Present Value ◽  
Cash Flows ◽  
Present Value ◽  
Financial Valuation ◽  
Production Activity ◽  
Quality Water ◽  
Future Cash Flows ◽  
Over Time

Greenhouse peppers are one of the most important crops globally. However, as in any production activity, especially agricultural, they are subject to important risk factors such as price fluctuations, pests, or the use of bad quality water. This article aims to evaluate the viability of these types of crops by using discounted cash flows. Risk evaluation has been carried out through the analysis of pepper plantations for 2016 and 2017. The traditional application of this tool has significant limitations, such as the discount rate to be used or the estimation of future cash flows. However, by using discount functions that decrease over time in combination with decoupled net present value, these limitations are expected to improve. The use of decoupled net present value has permitted an increase in the accuracy and quantification of risks, isolating the main risks such as price drops (EUR 3720 ha−1 year−1) and structural risks (EUR 1622 € ha−1 year−1). The use of decreasing discount functions has permitted a more realistic investment estimation. Finally, the sensitivity analysis shows that decoupled net present value (DNPV) is little affected by changes in interest rates in contrast to traditional net present value (NPV).

Introducing Investment Options

2021 ◽  
pp. 131-135
Author(s):  
Camilla Toulmin
Keyword(s):  
Decision Making ◽  
Opportunity Cost ◽  
Net Present Value ◽  
Cost Of Capital ◽  
Payback Period ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Risk And Uncertainty ◽  
Present Value ◽  
Over Time

This chapter offers a brief survey of how the investment literature deals with risk and uncertainty, and examines the reasons for variation in returns between farmers from the principal assets – wells, oxen plough-teams, breeding cattle. Simple decision-making models derive criteria for choosing between investment options according to the net present value, internal rate of return, and payback period associated with a given pattern of returns over time. Portfolio models presents the rationale for investment in a range of assets, the returns from which are poorly correlated. Farmers differ in terms of their access to factors of production, the scale of their activities, the opportunity cost of capital, and vulnerability to risk. Four idealised household types – A, B, C, D – are described in order to compare the flow of returns from the three principal investments – wells, oxen plough-teams, and breeding cattle.

The modified binomial options pricing model and the revised replicating portfolio approach with the concept of sustainability options

2020 ◽  
Vol 07 (02) ◽  
pp. 2050013
Author(s):  
Tyrone T. Lin ◽  
Hui-Tzu Yen ◽  
Shu-Yen Hsu
Keyword(s):  
Net Present Value ◽  
Evaluation Criteria ◽  
Options Pricing ◽  
Pricing Model ◽  
Objective Functions ◽  
Present Value ◽  
Project Investment ◽  
Decision Variables ◽  
Portfolio Approach ◽  
Replicating Portfolio

This paper discusses whether the project investment can develop the decision-making for the concept of sustainability options. The conventional net present value (NPV) approach assesses whether the project investment should be implemented, and develops the evaluation criteria of implementing sustainability costs from the modified binomial options pricing model (BOPM) and the revised replicating portfolio approach. It treats options premium value and the replicating portfolio approach (RPA) value as the objective functions, and the options premium of the BOPM and the initial values of the RPA as the decision variables.

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.

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.

PENINGKATAN KINERJA SIMPANG MELALUI MANAJEMEN HAMBATAN SAMPING DAN PENGATURAN ARUS LALU LINTAS

2017 ◽  
Vol 16 (2) ◽  
pp. 38
Author(s):  
Rama Dwi Aryandi ◽  
Ari Sandhyavitri ◽  
Reni Suryanita
Keyword(s):  
Net Present Value ◽  
Cost Ratio ◽  
Present Value ◽  
Traffic Light ◽  
Benefit Cost Ratio ◽  
Benefit Cost

Penelitian ini bertujuan untuk menganalisis tingkat pelayanan simpang berdasarkan data lalu lintas simpang tersebut apakah derajat jenuhnya sudah melewati ambang batas DS = 0,75, jika nilai DS>0,75, akan dikaji penerapan beberapa alternatif penanganan untuk meningkatkan tingkat pelayanan simpang, untuk kemudian dipilih lagi alternatif terbaik untuk jangka pendek, menengah dan panjang. Metode pengumpulan data yang digunakan dalam penelitian ini adalah metode traffic counting, sedangkan untuk pengkajian alternatif penanganan simpang secara teknik menggunakan metode MKJI 1997, secara ekonomi menggunakan metode LAPI ITB, analisa nilai waktu dengan nilai waktu hasil penelitian Dirjen Bina Marga dan analisa biaya investasi dengan analisa Benefit Cost Ratio dan Net Present Value.  Dari tiga alternatif manajemen lalu lintas yang diajukan, hanya alternatif ke-3 yaitu kombinasi peniadaan hambatan samping, pelarangan belok kiri dan optimasi traffic light  yang menghasilkan nilai DS<0,75 untuk kondisi eksisting, sedangkan untuk tahun 2020 nilai DS-nya adalah 0,79 untuk Hari Selasa dan 0,83 untuk Hari Rabu. Sedangkan dengan alternatif pembangunan flyover, untuk jangka pendek atau 5 tahun nilai BCR dan NPV-nya 1,25 dan 48,9 milyar rupiah, tahun ke-10  2,29 dan 256,4 milyar rupiah, serta tahun ke-15 3,35 dan 472,19 milyar rupiah, sehingga dapat disimpulkan bahwa pembangunan flyover adalah solusi penanganan terbaik untuk menignkatkan kinerja Simpang Pasar Pagi Arengka.

TINJAUAN STUDI KELAYAKAN USAHA BADAN USAHA MILIK DESA (NAGARI) KAMANG HILIA SEJAHTERA KENAGARIAN KAMANG HILIA, KECAMATAN KAMANG MAGEK, KABUPATEN AGAM, PROVINSI SUMATERA BARAT

2018 ◽  
Vol 3 (2) ◽  
pp. 160
Author(s):  
Halkadri Fitra ◽  
Salma Taqwa ◽  
Charoline Cheisviyanny ◽  
Abel Tasman ◽  
Nurzi Sebrina
Keyword(s):  
Cash Flow ◽  
Net Present Value ◽  
Average Rate ◽  
Flow Analysis ◽  
Payback Period ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate

Penelitian ini bertujuan untuk melihat kelayakan aspek keuangan usaha grosir sembako Badan Usaha Milik Desa (Nagari) Kamang Hilia Sejahtera di Kenagarian Kamang Hilia Kecamatan Kamang Magek Kabupaten Agam Provinsi Sumatera Barat yang dilakukan pada tahun 2018. Penelitian bersifat deskriptif kuantitatif dengan menggunakan metode cash flow analysis, payback period, net present value, profitability index, internal rate of return, dan average rate of return. Hasil penelitian menunjukkan bahwa nilai net cash flow Badan Usaha Milik Desa (Nagari) Kamang Hilia Sejahtera adalah positif yaitu Rp.21.774.000, nilai payback period adalah 1,15 tahun, nilai net present value positif sebesar Rp.10.680.034,47, nilai profitability index adalah positif 1,37, sedangkan nilai internal rate of return adalah 46,7% dan nilai average rate of return adalah 57,23%. Berdasarkan standar penilaian maka semua metode yang digunakan memberikan kesimpulan bahwa usaha grosir sembako milik Badan Usaha Milik Desa (Nagari) Kamang Hilia Sejahtera dalam kategori layak untuk dilaksanakan.

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