scholarly journals Analisa investasi dengan Feasibility Study untuk meningkatkan Kecerdasan Finansial pada Budi Daya Ikan di Sidoarjo

2013 ◽  
Vol 9 (2) ◽  
Author(s):  
Nur Sitti Khumairoh
Keyword(s):  
Net Present Value ◽  
Average Rate ◽  
Capital Budgeting ◽  
Economic Benefits ◽  
Investment Analysis ◽  
Rate Of Return ◽  
Fish Ponds ◽  
Internal Rate Of Return ◽  
Internal Rate ◽  
Financial Intelligence

Potential of each region in Indonesia from region to region and different. Indonesia has many islands and is surrounded by sea certainly has the potential of natural resources are not unlimited. One of the areas in Indonesia that fish is also a producer of Sidoarjo regency. Sidoarjo regency in East Java is located between two major rivers namely River Porong and Surabaya River so famous as the city of Delta. Which of the three investment potential of the aquaculture of milkfish, shrimp and Tilapia vaname who earn higher incomes?, Does investment analysis with feasibility studies to improve financial intelligence on aquaculture farmers. Whether or not a project implemented successfully in this case could provide economic benefits or provide financial benefits to the company the necessary analysis or assessment of the situation and the prospects of a project taking into account several criteria such as objectives, benefits and aspects related to the project in research project feasibility analysis. To find out more about the three types of resources are then conducted a field study. From the data collected by the theory of feasible study capital budgeting and financial analysis, data is processed to find out from the three farms that produce high profits. While the capital budgeting analysis that is used is the net present value (NPV), internal rate of return (IRR), payback period (PP), average rate of return (ARR) and Profitability Index (PI). From the calculation results can be seen that when viewed from the side of the capital vaname shrimp cultivation requires a smaller capital. in terms of earnings before interest and tax of tilapia aquaculture generate greater revenues. Pay back period of milkfish cultivation period of more rapid return of investment when compared with the cultivation of other woods. Internal rate of return calculations show that the cultivation of fish internal rate of returnnya higher than other cultivation. If you look at the results of the study fish ponds can be used as an investment option, because the investments are in need of smaller and faster payback periodnya. Another thing that underlies this selection of fish culture management easier and more powerful survival compared with other cultivation. Keywords: Investment Analysis, Fisheries, financial intelligence.

scholarly journals Analisis Kelayakan Pengembangan Usaha Pasta Kangen Jupiter dan Mogot Jakarta Barat dengan Menggunakan Metode Capital Budgeting Tahun 2019-2023

2021 ◽  
Vol 1 (1) ◽  
pp. 9-14
Author(s):  
Ni Puthu Eka Wardani Haliasih ◽  
◽  
Pambuko Naryoto ◽  
Keyword(s):  
Research Methodology ◽  
Net Present Value ◽  
Average Rate ◽  
Capital Budgeting ◽  
Payback Period ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate

Abstract Purpose: This study aimed to determine the feasibility of establishing the Pasta Kangen Jupiter dan Mogot Jakarta Barat in West Jakarta. Research methodology: The assessment is reviewed with Capital Budgeting in Optimistic, Moderate, and Pessimistic versions. Several methods include Payback Period, Net Present Value, Profitability Index, Average Rate of Return, Internal Rate of Return, dan Discounted Payback Period. Results: Based on the results of calculations using the Optimistic and Moderate Version of Capital Budgeting method, Pasta Kangen Jupiter Daan Mogot Jakarta Barat business in West Jakarta is feasible to run, while the Pessimistic Version is not feasible to run.

ANALISIS CAPITAL BUDGETING TERHADAP KELAYAKAN INVESTASI AKTIVA TETAP PADA PT. KHARISMA ARTA ABADI GUNA LUWUK KABUPATEN BANGGAI

2019 ◽  
Vol 2 (1) ◽  
pp. 70
Author(s):  
Irwan Moridu ◽  
Sitti Damayanti Adista
Keyword(s):  
Net Present Value ◽  
Average Rate ◽  
Capital Budgeting ◽  
Payback Period ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate

Tujuan yang ingin dicapai dengan diadakannya penelitian ini adalah untuk menganalisis kelayakan rencana investasi asset tetap yang berupa penggantian mesin baru pada PT. Kharisma abadi arta guna luwuk. Adapun teknik yang digunakan dalam penelitian ini adalah deskriptif sedangkan pendekatan yang digunakan adalan kuantitatif, analisis data menggunakan laporan arus kas untuk menghitung Payback Period,Average Rate Of Return,Net Present Value, Profitability index,Internal Rate Of Return. Dari hasil analisis data diperoleh hasil bahwa untuk PP 1 tahun 9 bulan sehingga proyek di terima, untuk ARR dieroleh nilai 51,84%>25% maka proyek investasi diterima,untuk NPV diperoleh nilai positif Rp. 3.825.223.229 maka proyek diterima, dan untuk PI diperoleh nilai 3,5>1 maka investasi layak dilaksanakan. Dari penelitian yang telah dilakukan untuk mengantisipasi kerugian-kerugian yang tidak diharapkan oleh pihak PT. Kharisma Abadi Arta Guna harus melakukan analisis kelayakan investasi sebelum melakukan investasi , agar dapat mengurangi resiko yang terjadi.

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.

scholarly journals Evaluation of Investment Projects: A Case from Turkish Cement Sector

2016 ◽  
Author(s):  
Miyase Karabulut ◽  
Sıtkı Sönmezer ◽  
Vedat Zeki Yenen ◽  
Zeynep Emir
Keyword(s):  
Qualitative Research ◽  
Net Present Value ◽  
Capital Budgeting ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Investment Projects ◽  
Preliminary Results ◽  
Internal Rate ◽  
Exclusive Or

Capital budgeting is crucial for firms that have projects to evaluate especially when the projects are mutually exclusive or financing is scarce. The aim of the study is to determining the most widely used methodologies in capital budgeting decisions and their effectiveness. A qualitative research will provide cement sector specific examples in assessing industry projects and compares the methods of Net Present Value, İnternal rate of Return, Pay-back period, discounted pay-back period and MIRR. Each method is briefly discussed and its drawbacks and advantages are mentioned in detail. Other sectors are also examined in terms of capital budgeting. Our preliminary results indicate that net present value method dominates capital budgeting decisions in the sectors under study.

scholarly journals Reinvestment Bias When Analyzing Mutually Exclusive Assets

2011 ◽  
Vol 2 (3) ◽  
pp. 71
Author(s):  
Robert J. Sweeney
Keyword(s):  
Net Present Value ◽  
Capital Budgeting ◽  
Cash Flows ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate ◽  
Current Period ◽  
The Cost ◽  
Flows Over Time

Capital budgeting decisions generally involve the commitment of resources in the current period to secure positive cash flows over time that generate a rate of return in excess of the cost of the funds invested. The most common techniques used to perform this analysis are the Net Present Value (NPV) and the Internal Rate of Return (IRR).Conceptually, these two techniques are substitutable; i.e. the resulting decision from a NPV analysis is identical to the decision from an IRR analysis. In practice, however, the NPV and the IRR can, on occasion, produce conflicting decisions. Specifically, when analyzing mutually exclusive assets the Net Present Value can support one asset while the Internal Rate of Return supports the other. The purpose of this paper is twofold; first, to highlight structural deficiencies in the conventional application of the NPV and the IRR, and second, to demonstrate a procedure to correct for these structural errors.

scholarly journals Use of Probabilistic Cash Flows in Analyzing Investments Under Conditions of Risk and Uncertainty

1976 ◽  
Vol 8 (2) ◽  
pp. 19-24 ◽  
Author(s):  
James W. Richardson ◽  
Harry P. Mapp
Keyword(s):  
Net Present Value ◽  
Average Rate ◽  
Capital Budgeting ◽  
Cash Flows ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Risk And Uncertainty ◽  
Small Farm ◽  
Perfect Knowledge ◽  
Net Returns

Managers of business firms, large or small, farm or nonfarm, must make investment decisions under conditions of risk and uncertainty. However, in evaluating investments, the assumption of perfect knowledge has often been used to simplify the analysis. For example, an estimate of average annual net returns is frequently discounted into perpetuity to evaluate a real estate investment alternative. Capital budgeting literature suggests a number of approaches to evaluating alternative investments. However, use of concepts such as the payback period, average rate of return, internal rate of return and net present value embodies the assumption of perfect knowledge.

ANALISIS KELAYAKAN BISNIS CAFE PADA KHALIZTA COFFEE & RESTO KOTA PEMATANGSIANTAR

2020 ◽  
Vol 2 (2) ◽  
pp. 148-158
Author(s):  
Lika Pasaribu ◽  
Liharman Saragih
Keyword(s):  
Net Present Value ◽  
Average Rate ◽  
Payback Period ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate

Studi kelayakan bisnis merupakan penelitian yang bertujuan untuk memutuskan apakah sebuah ide bisnis layak atau tidak. Cafe Khalizta Coffee & Resto Kota Pematangsiantar merupakan salah satu café yang baru berjalan selama 11 bulan, sehingga akan diuji apakah usaha tersebut telah layak berdasarkan aspek keuangan. Berdasarkan hasil analisis didapat bahwa aspek keuangan  dikatakan layak, dengan nilai Payback Period (PP) 1 tahun 6 bulan 23 hari. Nilai Net Present Value (NPV) 1.186.386.674, nilai Profitability Index (PI) 2,68, nilai Internal Rate of Return (IRR) sebesar 101%,  nilai Average Rate of Return (ARR) 108 %  aspek keuangan dinyatakan layak dan dapat dilanjutkan

scholarly journals ANALISIS FINANSIAL DAN SENSITIVITAS USAHA PENGGILINGAN PADI

2020 ◽  
Vol 3 (1) ◽  
pp. 50
Author(s):  
Siti Aisyah ◽  
Muhammad Hanif Fachrizal
Keyword(s):  
Net Present Value ◽  
Average Rate ◽  
Payback Period ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate

Tujuan dari penelitian ini yaitu : (1) untuk mengetahui kelayakan usaha penggilingan padi dan (2) untuk mengetahui seberapa sensitif terhadap beberapa perubahan variabel yang mungkin terjadi yakni penurunan jumlah giling sebesar 10% dan kenaikan harga BBM (solar) sebesar 5,3% pada usaha penggilingan padi. Desain penelitian yang digunakan dalam penelitian ini menggunakan metode deskriptif kuantitatif dengan metode penelitian survei. Populasi yang digunakan merupakan pengusaha penggilingan padi di Kecamatan Lemahabang Kabupaten Cirebon yang sesuai dengan kriteria penelitian berjumlah 8 orang. Teknik analisis data mengunakan analisis kelayakan dengan pendekatan analisis investasi yaitu menggunakan NPV (Net Present Value), IRR (Internal Rate of Return), Net B/C Ratio, ARR (Average Rate of Return) dan Payback Period dan analisis sensitivitas perubahan variabel terjadi penurunan jumlah giling 10% dan kenaikan harga solar 5,3% Hasil penelitian menunjukan bahwa 1. Usaha penggilingan padi layak untuk dijalankan dengan nilai NPV (Net Present Value) sebesar Rp.21.804.273, IRR (Internal Rate of Return) sebesar 23%, Net B/C Ratio sebesar 1,18, ARR (Average Rate of Return) sebesar 58% dan Payback periode selama 3 tahun 6 bulan 7 hari. 2. Analisis sensitivitas dengan penurunan jumlah giling sebesar 10% mengakibatkan usaha ini tetap layak akan tetapi rawan untuk dijalankan karena mengakibatkan seluruh nilai kriteria analisis mendekati batas kriteria kelayakan dan pada saat penurunan sebesar 15% menjadi tidak layak, pada saat kenaikan harga solar sebesar 5,3% usaha ini masih layak untuk dilaksanakan karena dampaknya tidak terlalu berpengaruh secara signifikan. Kata Kunci : Penggilingan Padi, Kelayakan Usaha, Sensitivitas

scholarly journals Risk Manage Capital Investment Decisions: A Lease vs. Purchase Illustration

2011 ◽  
Vol 25 (3) ◽  
Author(s):  
Thomas L. Zeller ◽  
Brian B. Stanko
Keyword(s):  
Capital Investment ◽  
Net Present Value ◽  
Investment Decisions ◽  
Capital Budgeting ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Wealth Creation ◽  
Font Size ◽  
Present Value ◽  
Internal Rate

<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>

scholarly journals Analisis Kelayakan Usaha Produksi Pertashop Pertamina dengan Studi Kasus pada PT Riken Engineering Perkasa

2021 ◽  
Vol 1 (1) ◽  
pp. 262-269
Author(s):  
Candra Galang Gemilang Putra ◽  
Wahyudin Wahyudin
Keyword(s):  
Net Present Value ◽  
Average Rate ◽  
Payback Period ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate

Alasan dilakukannya penelitian ini adalah untuk memutuskan kelayakan bisnis dari pembuatan Pertashop Pertamina di PT Riken Engineering Perkasa dilihat dari sudut pandang aspek non finansial yaitu aspek hukum, aspek pasar dan pemasaran, aspek teknis dan teknologi, serta aspek lingkungan hidup dan aspek finansial yang dianalisis dengan metode payback period (PP), net present value (NPV), profitability index (PI), internal rate of return (IRR), dan average rate of return (ARR). Penelitian ini merupakan penelitian deskriptif kualitatif-kuantitatif. Subyek penelitian ini adalah PT  Riken Engineering Perkasa dan objek eksplorasi adalah kelayakan usaha produksi Pertashop Pertamina. Strategi pemerolehan informasi dilakukan dengan metode wawancara dan dokumentasi. Prosedur pemeriksaan informasi dari eksplorasi ini adalah penyelidikan subjektif untuk mengevaluasi perspektif hukum, sudut pasar dan periklanan, sudut pandang khusus dan mekanis seperti sudut ekologis, dan penyelidikan kuantitatif untuk survei sudut pandang moneter. Hasil pemeriksaan ini menunjukkan bahwa: (1) dari segi hukum produksi Pertashop Pertamina sangat memungkinkan untuk dijalankan, (2) dari bagian pasar dan iklan kreasi Pertashop Pertamina dinyatakan sepenuhnya dapat dicapai menjalankan, (3) menurut aspek pasar dan pemasaran produksi Pertashop Pertamina dinyatakan sangat layak untuk dijalankan, (4) Berdasarkan aspek lingkungan hidup PT Riken Engineering Perkasa layak untuk dijalankan, dan (5) dari segi finansial, produksi Pertashop Pertamina dinyatakan layak untuk dijalankan.

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