scholarly journals INDOT Research Program Beneft Cost Analysis—Return on Investment for Projects Completed in FY 2019

2020 ◽  
Author(s):  
Bob McCullouch
Keyword(s):  
Cost Analysis ◽  
Research Program ◽  
Financial Analysis ◽  
Cost Savings ◽  
Cash Flows ◽  
Fiscal Year ◽  
Cost Ratio ◽  
Research Investment ◽  
Program Costs ◽  
Benefit Cost

To demonstrate the value of research and its implementation, the Governor’s Office requested an annual financial analysis of the INDOT Research Program to determine the return on the research investment (ROI). This report is for the 35 research projects that completed in FY 2019. The ROI analysis will supplement the annual IMPACT report by adding a more rigorous quantitative benefit cost analysis (BCA) to the Research Program. Previous financial analyses used the approach of calculating net present values of cash flows to determine a benefit cost ratio and this report uses the same approach. Additionally, an overall program rate of return (ROI) is reported and will be accumulated over time into a rolling 5-year average. The ROI is expressed as a BCA ratio, which is commonly used by State DOTs and national transportation research agencies when expressing the return on the research investment. By using total program costs in the analysis, rather than just the individual project cost, a very conservative BCA ratio is obtained. Interestingly, the quantified cost savings from a single project frequently underwrites the cost of the entire research program in a fiscal year.

scholarly journals INDOT Research Program Benefit Cost Analysis—Return on Investment for Projects Completed in FY 2020

2021 ◽  
Author(s):  
Bob McCulloch
Keyword(s):  
Cost Analysis ◽  
Research Program ◽  
Financial Analysis ◽  
Strategic Plan ◽  
Research Needs ◽  
Research Projects ◽  
Strategic Objectives ◽  
Benefit Cost Analysis ◽  
New Research ◽  
Benefit Cost

To demonstrate the value of research and its implementation, the Governor’s Office requested an annual financial analysis of the INDOT Research Program to determine the return on the research investment (ROI). The current financial analysis is for research projects that completed in FY 2020. Analyses on previous year’s projects is necessary primarily due to the time it takes some project outcomes to be implemented, extending into the following year. Therefore, the FY 2020 analysis is completed in calendar 2021. The ROI analysis will supplement the annual IMPACT report by adding a more rigorous quantitative benefit cost analysis (BCA) to the Research Program. Previous financial analyses used the approach of calculating net present values of cash flows to determine a benefit cost ratio and this report uses the same approach. Additionally, an overall program rate of return (ROI) is reported and will be accumulated over time into a rolling 5-year average. While the quantitative benefit cost analysis (BCA) was rigorous, results are limited to projects where benefits and costs could be quantified, where data is available to perform a quantitative analysis. Qualitative benefits are highlighted in the companion annual IMPACT report (https://www.in.gov/indot/files/Research-Program-Impact-Report.pdf ). In 2018, INDOT unveiled its new Strategic Plan. The Strategic Plan guides the priority research needs of the Research Program and in turn the research results support accomplishing the INDOT Strategic Plan, Strategic Objectives. A new Strategic Objective has been added to the INDOT Strategic Plan addressing Innovation & Technology. Additionally, INDOT created a new Office of Innovation. While the Research Program supports all of INDOT’s Strategic Objectives, these new initiatives have further highlighted the importance of research and its role in achieving the Strategic Objectives outlined in the new INDOT Strategic Plan. There has been more emphasis of new research needs related to new technology changes and transformational technologies. This will help position INDOT for future growth, adoption of new technologies and partnering opportunities. These new research projects will provide large qualitative ROI, however are difficult to quantify due to their complexity and newness.

scholarly journals Analisis Kelayakan Bisnis Usaha Teh Papua (Vernonia amygdalina)

2018 ◽  
Vol 12 (2) ◽  
pp. 145
Author(s):  
Eko Suwito Handjojo ◽  
Rizal Syarief ◽  
Sugiyono
Keyword(s):  
Net Present Value ◽  
Financial Analysis ◽  
Payback Period ◽  
Cost Ratio ◽  
Vernonia Amygdalina ◽  
Net Benefit ◽  
Benefit Cost Ratio ◽  
Diabetic Medicine ◽  
Malaria Epidemic ◽  
Benefit Cost

Various kinds of tea can be used as food and anti-diabetic medicine. One of plants that can be used as medicinal subtancesis Teh Papua (<em>Vernonia amygdalina</em>). Teh Papua, as become one of the local wisdom in Papua, has been used for generations to medicate malaria epidemic and  blood sugar disease. Hence, good bussiness planning review will be needed to develop this potential plant. The purpose of this study is to analyze the feasibility of small Teh Papua industry. Descriptive research method was used in this research. Data are collected by observation, survey, and depth-interview with the bussiness actor. Aspects observed in this studyare aspects of market, marketing, technical and technological, organiza-tional and also management. Measurement of financial aspectfeasibility in this study is using Net Present Value (NPV), Internal Rate of Return (IRR), Net Benefit-Cost Ratio (Net B/C ), and Payback Period (PP). The result shows commercial financial analysis of Teh Papua indicates a positive NPV value of Rp. 316 068 835, IRR value of 45.17%, net value B/C of 2.48 and Payback Period of 17% and 27% depreciation.

Who Gains from and who Pays for Channel Deepening?

2005 ◽  
Vol 1909 (1) ◽  
pp. 62-69 ◽  
Author(s):  
Thomas A. Grigalunas ◽  
James J. Opaluch ◽  
Young Tae Chang
Keyword(s):  
Net Present Value ◽  
Cost Savings ◽  
Economic Benefits ◽  
The State ◽  
Sensitivity Analyses ◽  
Cost Ratio ◽  
Benefit Cost Ratio ◽  
Net Benefits ◽  
Benefit Cost ◽  
Benefits And Costs

Port dredging to accommodate larger vessels can create substantial national economic benefits. However, how affected individual states fare economically with dredging is often unclear and can be an important issue. The benefits and the costs to Delaware residents of dredging—with the recent proposed deepening of the Delaware Bay and River main federal channel as a case study—are examined. Benefits include ( a) lower transportation costs that residents might receive on imported goods, ( b) profits that residents would realize if cost savings (e.g., on refinery products) were not passed forward to Delaware users, ( c) project costs that residents would bear as federal taxpayers, and ( d) benefits that residents would realize if the use of dredged sediments for planned beach renourishment created savings to the state. Sensitivity analyses are used to reflect uncertainty in outcomes. The estimated net present value to Delaware today of all future annual quantifiable benefits and costs ranges between $15,528,393 and $14,195,700 over 50 years at 5.875%. Stated another way, the quantified net benefits for Delaware imply a benefit-cost ratio between 2.07 and 1.89. Hence, for every dollar of the $7.5 million that Delaware would pay as a nonfederal cosponsor, estimated quantifiable net benefits to the state are $2.07 to $1.89. Some benefit and cost estimates are vehemently debated between interested parties, and not all benefits and costs can be quantified.

scholarly journals Evaluating Financial Viability of Olive Mills Enterprise in Jordan

2014 ◽  
Vol 6 (4) ◽  
pp. 173
Author(s):  
Bassam Aldeseit
Keyword(s):  
Net Present Value ◽  
Cash Flows ◽  
Rate Of Return ◽  
Cost Ratio ◽  
Financial Viability ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Benefit Cost Ratio ◽  
Olive Oil Mills ◽  
Benefit Cost

The main aim of this study was to evaluate financial viability of olive oil mills enterprise. Thirty olive mills were investigated. A questionnaire was designed to obtain information from mills owners. The information obtained was mainly related to costs and returns. Cash flows were derived from costs and returns items of the enterprise. Three main discounted measures of project worth were used; these were Net Present Value (NPV), the Internal Rate of Return (IRR), and the Benefit Cost Ratio (B/C). The results of this study revealed that olive mills could be a viable encouraging, and profitable enterprise because of its capability to generate a highly positive and acceptable NPV (837966.05 JDs). The IRR (85%) and B/C ratio (2.3) values for this enterprise were economically accepted.

ANALISIS USAHA PENGOLAHAN AMPLANG IKAN PIPIH (Notopterus chilata) SKALA RUMAH TANGGA DI KOTA PALANGKA RAYA PROVINSI KALIMANTAN TENGAH

2016 ◽  
Vol 2 (3) ◽  
pp. 64
Author(s):  
Saptami Utami Evi ◽  
Emmy Sri Mahreda ◽  
Tri Dekayanti
Keyword(s):  
Financial Analysis ◽  
Cost Ratio ◽  
Fish Processing ◽  
Net Benefit ◽  
Central Kalimantan ◽  
Benefit Cost Ratio ◽  
Flat Fish ◽  
The Government ◽  
Benefit Cost ◽  
The City

Usaha pengolahan amplang ikan  pipih di Kota Palangka Raya untuk pengembangan usaha kedepan sangat baik.  Dengan adanya dukungan tersedianya terus menerus bahan baku ikan pipih, baik dari tangkapan perairan, tangkapan alam, maupun usaha budidaya ikan pipih dan modal yang dikucurkan oleh pemerintah baik berupa peralatan usaha maupun pelatihan-pelatihan bagi para pengusaha untuk dapat terus berkembang.Penelitian ini dilakukan dengan tujuan Penelitian ini dilakukan di Kota Palangka Raya Provinsi Kalimantan Tengah. Data yang digunakan adalah data primer dan sekunder.Metode yang digunakan dalam pengolahan dan analisis data dalam penelitian ini adalah purposive sampling Amplang datar ikan pengolahan rumah tangga bisnis keuntungan sebesar Rp. 12.169 juta, - per tahun. Dari lapangan menunjukkan fakta bahwa bisnis ini tetap menguntungkan dengan kelangsungan hidup dalam waktu yang lamaBerdasarkan nilai analisis keuangan dengan menggunakan kriteria investasi Net Benefit Cost Ratio ( Net BCR ) 5 % = 3,032073039 dan B / C ratio Bersih 13,5% = 1,526361382 lebih besar dari 1 berarti bahwa usaha ini layak untuk dilanjutkan .Khusus untuk datar usaha pengolahan ikan amplang ( Notopterus chilata ) rumah tangga di kota Palangka Raya Kalimantan Tengah Provinsi amplang permintaan produk ikan dengan menawarkan flat atau D = S yang sama , berarti ampalng produksi ikan untuk memenuhi pasar datar.Flat fish processing business amplang household in the city of Palangka Raya for future business development very well with the support of continuous availability of raw materials and capital flat fish are disbursed by the government in cash, business equipment and training for entrepreneurs to be able to continue developed. The research was conducted in the City of Palangka Raya Central Kalimantan Province. The data used were primary and secondary data. The method used in processing and analyzing data in this study was purposive sampling.Amplang flat fish processing business households profit of Rp. 12,169 million, - per year. From the field indicate the fact that this business remains favorable with survival in a long time.Based on the value of financial analysis using the criteria of investment Net Benefit Cost Ratio (BCR Net) 5% = 3.032073039 and Net B / C ratio of 13.5% = 1.526361382 is greater than 1 means that the business is feasible to proceed.Especially for flat fish processing business amplang (Notopterus chilata) household in the city of Palangka Raya Central Kalimantan Province amplang demand for fish products by offering the same flat or D = S; means ampalng fish production to meet market flat. 

A Hybrid Approach Based on the Fuzzy AHP and Benefit Cost Analysis to Evaluating Cutting Blade Alternatives

2013 ◽  
Vol 364 ◽  
pp. 513-518 ◽  
Author(s):  
Chen Wei Xu ◽  
Jin Yao ◽  
Jun Li
Keyword(s):  
Cost Analysis ◽  
Manufacturing Systems ◽  
Fuzzy Ahp ◽  
Hybrid Approach ◽  
Cost Ratio ◽  
Manufacturing Cost ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Consumption Cost ◽  
Benefit Cost

The cutting blade selection has been important issue for manufacturing systems due to the fact that it might affect productivity, precision and manufacturing cost. It is a multiple-criteria decision making problem for evaluating blade alternatives. In this paper, the hybrid approach is discussed,which combined the fuzzy AHP and benefit cost analysis. An improved AHP method based on triangular fuzzy number is used to analyze the cutting performance of blade alternatives. It can make up for the deficiency in the conventional AHP. Furthermore, the benefit cost analysis is carried out to evaluate the economic performance of alternatives. The benefit cost ratio is calculated by using the fuzzy AHP score and tool consumption cost. Tool consumption cost is obtained in consideration of tool service life and procurement cost. The optimal blade alternative with highest benefit/cost ratio can be found out. In addition, the proposed approach is also illustrated on a sample case study.

The Moral Justification of Benefit/Cost Analysis

1994 ◽  
Vol 10 (2) ◽  
pp. 169-194 ◽  
Author(s):  
Donald C. Hubin
Keyword(s):  
Social Policy ◽  
Cost Analysis ◽  
Moral Theory ◽  
Moral Justification ◽  
Cost Ratio ◽  
Moral Foundations ◽  
Benefit Cost Analysis ◽  
Moral Theories ◽  
Benefit Cost ◽  
Direct Implementation

Benefit/cost analysis is a technique for evaluating programs, procedures, and actions; it is not a moral theory. There is significant controversy over the moral justification of benefit/cost analysis. When a procedure for evaluating social policy is challenged on moral grounds, defenders frequently seek a justification by construing the procedure as the practical embodiment of a correct moral theory. This has the apparent advantage of avoiding difficult empirical questions concerning such matters as the consequences of using the procedure. So, for example, defenders of benefit/cost analysis (BCA) are frequently tempted to argue that this procedure just is the calculation of moral Tightness – perhaps that what it means for an action to be morally right is just for it to have the best benefit-to-cost ratio given the accounts of “benefit” and “cost” that BCA employs. They suggest, in defense of BCA, that they have found the moral calculus – Bentham's “unabashed arithmetic of morals.” To defend BCA in this manner is to commit oneself to one member of a family of moral theories (let us call them benefit/cost moral theories or B/C moral theories) and, also, to the view that if a procedure is (so to speak) the direct implementation of a correct moral theory, then it is a justified procedure. Neither of these commitments is desirable, and so the temptation to justify BCA by direct appeal to a B/C moral theory should be resisted; it constitutes an unwarranted short cut to moral foundations – in this case, an unsound foundation. Critics of BCA are quick to point out the flaws of B/C moral theories, and to conclude that these undermine the justification of BCA. But the failure to justify BCA by a direct appeal to B/C moral theory does not show that the technique is unjustified. There is hope for BCA, even if it does not lie with B/C moral theory.

scholarly journals Effect of Rabbit Production Factors on Revenue of Rabbit Farmers in Berastagi District, Karo Regency

2019 ◽  
Vol 7 (1) ◽  
Author(s):  
M Bayu ◽  
S Umar ◽  
Hasnudi ◽  
N Ginting ◽  
Y L Henuk
Keyword(s):  
Factor Analysis ◽  
Litter Size ◽  
Research Method ◽  
Financial Analysis ◽  
Cost Ratio ◽  
Benefit Cost Ratio ◽  
Production Factors ◽  
Feed Cost ◽  
Benefit Cost

The aim of this research was to investigate the influence of rabbitproduction factors on rabbit farmers income in the District of Berastagi Regency ofKaro which include Litter Size, Sum of Wean, Sum of Deaths, Feed Cost and Sum ofLabor; and knowing rabbit business in District of Berastagi Regency of Karo isdeserves to be forwarded. The research method used census method done twice for twomonths to take as many as 48 respondent farmers. Factor analysis was obtained byregression analysis while business feasibility obtained by Revenue Cost Ratio (RatioR/C), Benefit Cost Ratio (Rasio B/C) and Break Event Point (BEP) analysis. Theresults showed that the factor affect rabbit farmers income were Sum of Deaths andSum of Labor. Financial analysis of rabbit farmers were R/C=5,61, B/C=4,24, PriceBEP=Rp 9.875 dan Production BEP=22 pieces. It conclude that the factor affect rabbitfarmers income were Sum of Death and Sum of Labor. Rabbit business is profitableand feasible to conduct.

scholarly journals Financial analysis of red chili farming business with green cultivation technology in South Sulawesi

2021 ◽  
Vol 911 (1) ◽  
pp. 012079
Author(s):  
Muslimin ◽  
Muh Taufik ◽  
Muh Thamrin ◽  
Andi Faisal Suddin
Keyword(s):  
Technology Innovation ◽  
Financial Analysis ◽  
Optimal Level ◽  
Cost Ratio ◽  
Potential Productivity ◽  
Benefit Cost Ratio ◽  
South Sulawesi ◽  
Cultivation Technology ◽  
Benefit Cost ◽  
Development Center

Abstract The demand for chili production continues to increase in Indonesia and South Sulawesi in particular, both for local, inter-island demand and the potential for export. On the other hand, chili production is still low. Chili productivity in 2010 was only 5.6 t/ha, although the potential productivity can reach 12 t/ha. Therefore, an assessment of chili technology innovation according to GAP in South Sulawesi was carried out through the application of efficient chili technology innovation, appreciation of local wisdom and environmental insight. The assessment was carried out in a participatory manner in the chili development center area in Maros Regency, South Sulawesi involving 4 cooperative farmers in an area of 1.0 ha. The data used are production, inputs used, output prices, input prices. To determine the farming use R/R (Return Cost Ratio) analysis, and to determine the optimal level of use of production inputs obtained from the application of chili technology is to calculate MBCR (marginal benefit cost ratio) or IBCR (incrementel benefit cost ratio). The results of the study showed 1) The application of GAP in red chili cultivation resulted in higher chili production and a smaller number of anthracnose attacks than the farmers’ treatment. 2) Chili productivity achieved in P1 treatment reached 24.64 t/ha, significantly different from P2 treatment which reached 27.52 t/h, but not significantly different from P3 treatment reached 25.92 t/ha. 3) The application of GAP can increase farmers’ income from Rp. 173.14 million to Rp. 194.25 million or an increase in revenue of 10.86% with an IBCR of 2.05.

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