NPV Value Research Articles

Feasibility of Cultivating Nutmeg (Myristica fragrans Houtt) in Sulamadaha Village, Ternate City, North Maluku Province

This study aims to determine the cash flow and feasibility of nutmeg cultivation based on the Net Present Value, Internal Rate of Return, Net B/C Ratio, Payback Period, and Break Even Point. The variables studied to determine cash flow are investment costs, operational costs, and revenues. This study uses a descriptive analysis method with a type of survey method. Respondents were taken by means of a census of 20 farmers. Primary data was obtained from direct interviews with respondents using questionnaires and secondary data was collected by documenting data from other sources. The results showed that the total costs used in nutmeg farming for 10 years on a land area of 0.5 ha was IDR 23,707,950.00 consisting of investment costs of IDR 1,182,950.00, operational costs of IDR 22,525,000.00, and receipts of IDR 654,381,000.00. The results of the investment analysis show that nutmeg farming is feasible based on the NPV value of IDR 349,136,600.00 which is greater than 0, the IRR value is 85.35% which is greater than the applicable loan interest rate (7%), and the value of the Net B/C Ratio is 33.68 which is greater than 1, the Payback Period is achieved within 7 years and the Break Even Point will occur in the seventh year

Analisa Studi Kelayakan Penambahan Mesin Vessels Dengan Metode NPV Di PT XYZ Karawang

PT XYZ Karawang is required to increase its production capacity by adding vessel machines to meet this (demand), and as one of PT XYZ Karawang's strategies to develop its business. The addition of this production machine is planned in order to reduce potential losses such as maintenance costs and prevent production delays that have been set. The purpose of this research is to ascertain whether an investment plan to be implemented is economically viable or not. This data collection was taken from secondary and primary data at PT. XYZ Karawang. Results NPV analysis results and data processing value of the old machine NPV $ 80,798.1 > new machine NPV $ 10,977.32. The results of PP analysis and processing of data on the value of the old PP machine required 3.9 years < new machine PP the value of the new machine. The results of the PI analysis and data processing of the value of the old machine PP 26.9 > the PI of the new machine 7.32. So the suggestion from the conclusion above is that the investment decision to add fixed assets (new machine vessels) is feasible to carry out to increase surfactant production capacity whose sales value continues to increase from year to year.

1260-P: Verifying the Use of FIB4 and BARD Scores to Predict Advanced Fibrosis Using Transient Elastography in People with Type 2 Diabetes in a Tertiary Care Center in India

Background: There is a high prevalence of nonalcoholic fatty liver disease in people with type 2 diabetes. Liver biopsy is the gold standard for diagnosing advanced fibrosis but is usually not feasible in routine clinical practice. Transient elastography is accepted as a viable non-invasive alternative but is not universally available due to high cost. FIB4 and BARD scores are easy to perform in routine clinical practice and can guide for referral for transient elastography or liver biopsy. The aim of this study was to assess the utility of these simple scores (FIB4 and BARD) to exclude advanced fibrosis in people with type 2 diabetes. Material and Methods: A total of 133 consenting people were subjected to fibro scan. Serum markers (AST, ALT, Platelet count) were measured, and FIB 4 and BARD scores were calculated using standard equations. LSM (liver stiffness measurement) cut-off value of 11.4 was used to exclude advanced fibrosis. Results: Out of 133 people with diabetes in the study, 51.1% males and 48.9% were females, with a mean age of 50years, BMI 26.6, hba1c 8.7%, duration of diabetes 7.6yrs. The average LSM was 9.1, mean AST was 36 U/ml and ALT 38.5U/ml, platelet count was 208cubic mm. Mean FIB4 score was1.7 and BARD score was 3. 82.7% had a LSM value of <11.5 and 17.3% had a LSM value of>11.5%, neither BARD score nor FIB4 had significant correlation with liver stiffness measurement. Fib4 had a (Negative predictive value) NPV of 83.6% and BARD score had a NPV of 85.7% to exclude advanced fibrosis (>11.4) Conclusion: A FIB 4 score of less than 2.6 and BARD score of less than 2 have a high negative predictive value to exclude advanced fibrosis. Due to the high incidence of NAFLD in people with diabetes, these should be routinely used to exclude advanced fibrosis and the decision to referral for fibro scans and liver biopsy. Disclosure A. Tewari: None. J. Tewari: None. A. Maheshwari: None. V. Tewari: None. B. Tewari: None.

ANALYSIS OF DETERMINING PRIORITY OF ROAD HANDLING PROGRAM IN THE REGION OF KEDIRI ROAD AND BRIDGE MANAGEMENT DEPARTMENT OF HIGHWAYS EAST JAVA PROVINCE USING MULTI CRITERIA ANALYSIS (MCA) METHOD

Steady road conditions determine the smooth running of land transportation to support economic activity. To achieve steady road conditions requires a good road management program. The government, through the agencies appointed as road administrators, needs funds to maintain the stability of the road itself. The process of budgeting funds for the implementation of the road through a process of proposals, discussions and determination of the budget. Determining the priority of the proposal requires a long discussion. The Provincial Government of East Java through the Department of Public Works of Highways has an important role in the process of handling provincial roads. Budget limitations, both Regular APBD funds and special allocation funds and other funds, create a distinct challenge for road administrators in determining an effective and optimal road management program. Based on previous research studies, priority determination of road handling can be carried out using Multi Criteria Analysis (MCA). Priority determination criteria used in this study are technical criteria which include: existing traffic conditions, road stability conditions, degree of saturation, travel speed, and travel time; financial and economic criteria which include: BOK, Time Value, BCR, and NPV. In this study it will be seen based on the results of prioritized maintenance handling found at Link 176 Kediri - Blitar City Boundary for LHR technical criteria has a difference in value of 3,190 cur/hour, with an average road condition of 27.12%, difference in degree of saturation of 0.346, the difference in travel speed is 3.409 km/hour, the difference in travel time is 3.661 minutes and for economic criteria BOK has a difference in value of Rp. 8,662,656,168, the difference in the BCR value is 0.60 and the difference in the NPV value is -Rp. 8,382,143,904.

Is Arabica Coffee Farming Financially Feasible?

The objectives in this study are to determine the benefits of arabica coffee farming in Jampit Village, Ijen District and to analyze the feasibility of arabica coffee farming in Jampit Village, Ijen District, Bondowoso Regency. The research method used is descriptive and quantitative methods. Descriptive method is a method for analyzing data by describing the data that has been collected as it is without intending to make general conclusions or generalizations. The quantitative method is a type of research whose specifications are systematic, planned and clearly structured from the start as far as the research design. The results showed that the profit of arabica coffee farming based on analysis using NPV is Rp. 30,621,659 over a period of 4 years, it was said to be profitable and based on NPV analysis obtained at an interest rate of 6% produced a positive NPV value of Rp. 19,613,917 .09 is greater than zero (NPV > 0) then it is said to be feasible. Arabica coffee farming in Jampit Village, Ijen District, Bondowoso Regency is feasible based on the analysis of R/C Ratio, Net B/C and IRR. Based on the R/C Ratio analysis, the result is 1.82 which is greater than 1, so it is efficient. Based on the Net B/C analysis, the result is 0.82 which is less than 1, which means it is not feasible, and based on the IRR analysis, it produces an IRR value of 58.62. % is greater than 6% (interest rate) then it is stated to be feasible because it meets the investment criteria.

Analysis of Technical and Economics Overhead Transmission Line 150 kV Construction from Mine Mouth Coal Fired Power Plant to External Customer Substation

Mine Mouth Steam Coal Fired Power Plant (PLTU) has a capacity of 2x18MW while the power supplied to internal consumers is 3.6MW or around 10% of the total generating capacity (20% of one generating unit). To operate according to its specifications, the load is increased by operating the load bank. The small internal load and use of the loadbank cause the cost of generation to be high. Excess generating capacity can be sold to external consumers outside the mining area, so it is necessary to build one circuit overhead transmission line 150kV as long 48.38km. The construction of overhead transmission line 150kV from the PLTU to the external consumer substation can increase sales of electricity and can replace the loadbank function. This study aims to evaluate the technical feasibility and economic aspects of the construction overhead transmission line 150kV from the PLTU to an external consumer substation. The research method uses financial indicators IRR, NPV and ROI. Overall, the construction of one circuit overhead transmission line 150kV can increase sales of electricity and replace the function of load bank. The NPV value is IDR 1,604,887,094 with an IRR of 12.53%, and ROI of 9.03 years.

Study of Cost-benfit Analysis of Hydroponic Vegetables With Nutrient Film Technique Systems in Indonesia

This study compares the financial feasibility studies of several NFT hydroponic vegetable farming systems in Indonesia. Studies on financial feasibility are important to be carried out in order to be taken into consideration in making decisions in a farming business. The method used in this study is a literature study for secondary blood collection from several journals consisting of IRR, NPV, and Net B/C Ratio values. Four NFT system hydroponic vegetable farms were reviewed in the study, all of which were related to cost-benefit analysis including the NFT system hydroponic vegetable farms located in Bogor, Ciamis, East Jakarta, and Banjarmasin. This study resulted in the NFT hydroponic vegetable farming in Bogor, precisely at PT. Cifa Indonesia has an NPV value of Rp. 33,478,083, an IRR of 52%, and a Net B/C Ratio of 5.56. This shows that the hydroponic vegetable farming PT. Cifa Indonesia in Bogor is more profitable to develop than other NFT system hydroponic farming. The results of this study are expected to be a reference for hydroponic vegetable farming developers with the NFT system.

Analisis Kelayakan Finansial pada Industri Baglog Jamur untuk Peningkatan Produksi 30.000 Unit per Bulan pada Agroindustri

The agricultural sector is the main structure of national economic development. One of the sub-sectors in agriculture that has an important role for the welfare of farmers and the regional economy as well as the national economy is the Horticulture sub-sector. This sub-sector has been supported by the agro-industry. One of the products from this agro-industry is baglog of mushrooms. This study aims to analyze the financial feasibility of increasing production capacity from 20,000 to 30,000 baglogs of mushrooms per month. It caused the average demand is 29,070 baglogs of mushrooms per month. The research object is the manufacture of mushroom baglog. Descriptive quantitative with financial feasibility analysis techniques and sensitivity analysis is used as a method in this research. The results found that the investment period of 5 years required an investment cost of IDR 244,342,677. Financial feasibility analysis with a discount rate of 9% produces an NPV value of IDR 257,886,281, an IRR of 44.594%, a Profitability index of 2.06 and a Payback Period of 1.88 years. The results of the sensitivity analysis of an increase in the cost of raw materials by 17% and a decrease in production of 9% obtained the results of NPV > 0, IRR > 9%, Profitability index > 1 and Payback period < business life. Based on these results, the investment is financially feasible because IRR > MARR.

Feasibility Analysis for The Development of Integrated Coconut Industry in Tidore Islands, North Maluku

Coconut is the number one commodity in North Maluku. Nevertheless, mostly the coconut farmer is lived in poverty. Therefore The Government of Tidore Islands planned to build an integrated coconut industry in its administration area. This research aimed to analyze the feasibility of integrated coconut industry and to decide the main coconut product of the industry. The analysis consisted of market aspect, raw material availability, technology aspect, financial aspect, applied technic, and the impact on society and environment. The market analysis result showed there were 4 food products and 2 non-food products that were suitable to develop in Tidore Islands. Further analysis, which was financial aspect showed white copra was suitable to be the main product of The Integrated Coconut Industry in Tidore Islands. The production of white copra needed IDR 2.795.000.000 as initial capital investment. It was predicted to make a profit IDR 1.766.520.000 /year, the NPV value was IDR 3.702.044.248,88, the IRR value was 64,899% and the PBP was 2,5 years. Coconut husk and coconut shell will be processed to be coconut fiber and charcoal. Based on the result analysis of all the aspects, Integrated Coconut Industry in Tidore Islands is feasible to be established.

Financial feasibility study of briquette production from used charcoal and tree branches in Kampung Oase Ondomohen Surabaya

Population growth in Indonesia continues to increase from year to year. By 2035, it is predicted that 70% of Indonesia’s population will be urbanites. The potential for sustainable urbanization and regional development has encouraged the Surabaya City Government to turn some of its areas into foster villages, one of which is Kampung Oase Ondomohen. The village was named Kampung Oase because of the village’s high initiative to process waste into high-selling value products, one of which is briquettes that come from the waste from burning Sate Klopo Ondomohen and tree branches around the village area. Using charcoal and tree branches in making briquettes is the main focus of managing organic waste to be used as a renewable energy source. Before the mass production of briquettes, a study on feasibility analysis is needed, especially financial feasibility analysis, aims to assess whether a business can provide optimal financial benefits for its owners. The financial feasibility criteria used in this study are the Internal Rate of Return, Net Present Value, Payback Period, and Net Benefit/Cost Ratio. From the calculation of the four financial feasibility criteria, IRR value is 41,53%, NPV value is IDR 35,732,432.20, PBP is 2.81 years, NBC Ratio is 1.226, so the production of briquettes in Kampung Oase Ondomohen is feasible to run on a larger scale.

Analisis Kelayakan Investasi Pengembangan Sistem Penyediaan Air Minum IKK Patumbak di Kabupaten Deli Serdang (Studi Kasus)

This study is motivated by the actual conditions for the drinking water supply system in Patumbak District which has been served by PDAM Tirta Deli as the manager of drinking water in Deli Serdang Regency, and partially served by PDAM Tirtanadi, but the service coverage is still low at 30.33%. The purpose of this research is to study the Feasibility of Economic and Financial Investment in the development of drinking water supply systems. The data processing technique in this study is to use a monte carlo simulation technique. This Monte Carlo simulation is run through an application program, namely the R Studio program which will estimate the profit of a SPAM company for the next 20 years.. Based on the results of calculations and analysis, it can be concluded that from the analysis of economic and financial aspects the results are: NPV IDR 12,659,105,099 (> 0), IRR 14.58% (> 12%), Net B/C Ratio 2.796 (> 1). Results The average NPV value based on the Monte Carlo simulation results with R Studio is IDR 1,060,115,259 and from the analysis of the financial aspects the results are: The NPV value is IDR 25,994,551 (> 0), IRR 9.48 % (> 9.20 %) , Net B/C Ratio 1.03 (> 1), PP 9th year, BEP 0. So it can be concluded that SPAM Development Investment IKK Patumbak in Deli Serdang Regency is said to be FEATURED economically and financially.

DESIGN OF SMALLHOLDER FARMERS PARTNERSHIP MODEL AND FINANCIAL ANALYSIS WITH THE CONCEPT OF CREATING SHARED VALUE

Approximately 90% of Indonesias local beef supply is supplied by smallholder farmers who practice traditional and inefficient management. PT X is one of the companies that has assisted smallholder farmers through a partnership system that includes banks and insurance companies. However, smallholder farmers continue to require assistance due to complex requirements, such as interest charges. This study aims to measure and analyze the performance of partnerships at PT X, design an interest-free Creating Shared Value (CSV) partnership model, and run financial analysis simulations, namely Net Present Value and Benefit-Cost Ratio. Meanwhile, the importance-performance analysis is used in the design of the partnership model. The studys findings indicate that the PT X partnership performs quite well. However, eight performance variables must be improved and used to create CSV partnerships. All partnership patterns applied using the interest-free CSV concept produce the largest NPV and BCR values. Even in the breeding partnership pattern, the highest NPV value was IDR 3,430,000, and the largest Net BCR was 1.26%. Thus the partnership with the CSV concept can be implemented and provide mutual benefits to partner smallholder farmers and PT X by creating shared value. Further research is recommended to avoid the risk of moral hazard and partnership failure.

Investigations on evaluation of marine macroalgae Dictyota bartayresiana oil for industrial scale production of biodiesel through technoeconomic analysis

The investigation on utilizing macroalgae for industrial scale biodiesel production is an imperative action needed for commercialization. In the present research work, the biooil from marine macroalgae Dictyota bartayresiana was used for biodiesel production using calcium oxide nanocatalyst synthesized using waste collected from building demolition site. The optimization results obtained were the calcination temperature 573 °C, concentration of catalyst 5.62%, methanol to oil molar ratio 14.36:1, temperature 55.7 °C and time 67.57 min for the transesterification with the biodiesel yield of 89.6%. The techno-economic aspects of biodiesel production were investigated for 20 MT/batch. The return on investment and internal rate of return from the biodiesel production plant was found to be 25.39% and 31.13% respectively. The plant payback period was about 3.94 years with a positive NPV value of about 14,053,000 $/yr. Thus, Dictyota bartayresiana biomass can be efficiently used for the sustainable production of biodiesel.

Analysis of Return on Investment Associated with Changes in Operational Time in the Construction of the Sigli-Banda Aceh Toll Road

The problem with this research is that the government was late in land acquisition, so that PT. Hutama Karya (Persero) as the concession holder in the implementation of toll road construction is constrained in a number of locations. This study aims to determine the impact of delays in land acquisition and implementation of the construction of the Sigli-Banda Aceh Toll Road on net profit and return on investment at the end of the concession period. This study uses a quantitative method approach. Data analysis techniques use Present Net Value (NPV), Internal Rate of Return (IRR), and sensitivity analysis. The results of the study show that delays of 1, 2, and 3 years have an impact on concessionaires going through cash flow deficit periods of 17, 19, and 20 years and surplus cash flow periods of 23, 21, and 20 years. year, where investment returns occur in the 32nd (2050), 34th (2052) and 36th (2054) years, so that at the end of the concession period, the net profit that can be achieved by the concession holder is with an NPV value of Rp. 9,162,336,077,086, Rp. 6,858,784,951,438 and Rp. 4,680,164,756,915. If there are no delays, then the concessionaire only needs to go through a cash flow deficit period of 16 years and a cash flow surplus period of 24 years, where the return on investment capital occurs in year 30 (2048), so that the net profit that can be obtained by the concessionaire is with an NPV value of Rp. 11,647,590,651,181.

Investment Project Analysis of Mud Handling Using Slurry Pump Method: A Case Study of Pit C2 PT. Berau Coal

Disposal is important in mining activity for allocation of waste material that need to be dispose to obtain the coal ores. The disposal allocation in Pit C2 currently has a long distance and there is an additional cost incurred due to the distance rate adjustment from distance contract reference. To overcome this problem, there is an option of short distance disposal scenario, namely in pit dump scenario. With this scenario, there is cost efficiency from the distance rate adjustment due to the reduction in disposal distance. Sump H as a planned area for in pit dump is currently fulfilled with sedimentation material, with a volume around 1,2 million cubic meters (BCM). Therefore, it is necessary for mud handling in Sump H area for it to become in pit dump location area. One of the proposed scenarios is the use of slurry pump, this scenario is more suitable for current condition due to it can finished earlier. However, it is necessary to study and evaluate further the financial analysis of the proposed scenario in comprehensive manner. To obtain the financial feasibility of this project, this research use capital budgeting analysis in which the parameters used are studied further using sensitivity analysis and probability analysis. From the results of the financial feasibility analysis of this slurry pump scenario, it shows that this project is financially feasible with an NPV value of IDR 16.227.951.215,26, with an IRR of 43,08%, a Payback Period of 1,6 years, a Discounted Payback Period of 1,77 years and a Profitability value Index 1,7. In addition, based on the Monte Carlo Simulation for probability analysis, it is found that the probability of this project failing is 0%. Therefore, it can be concluded from the results of the financial feasibility analysis, this project is recommended to be implemented.

Pendapatan Usahatani Semangka (Citrullus vulgaris) di Lahan Gambut Desa Palingkau Sejahtera Kecamatan Kapuas Murung Kabupaten Kapuas

This study aims to determine the amount of costs, revenues, revenues, profits, feasibility, sensitivity and problems faced. The research was conducted from September 2021 to December 2021. The method used in this study was purposive sampling with a sample of 20 watermelon farmers. The average implicit cost is Rp.4.071.969 per hectare, the average explicit cost is Rp.16.119.435 per hectare, the total production cost of watermelon farming is Rp.20.191.404 per hectare, with an average income of Rp.46.889.730 per hectare, an average income of Rp.30.770.295 per hectare, and an average profit of Rp.26.698.326 per hectare. The feasibility of watermelon farming with an R/C ratio value of 2,32 (more than one), and a NPV value of 4.079.801 (more than 0), so it can be stated that watermelon farming is feasible to cultivate. Watermelon farming is sensitive to changes in production (ie decreased production), and is not sensitive to changes in production costs, the problems faced are the physical environment/climate, technology and human resources as well as pests and plant diseases.

ANALISIS KELAYAKAN USAHA AGROWISATA KAMPOENG RABBIT’S DI KELURAHAN MENTANGOR KECAMATAN TENAYAN RAYA KOTA PEKANBARU PROVINSI RIAU

Agrotourism is a tourist activity that involves the use of agricultural land or related facilities that become an attraction for tourists. Agriculture in the broadest sense includes people's agriculture, plantations, livestock, fisheries, and forestry. This study aims to analyze: The financial viability of the agrotourism business kampoeng rabbit's. The research method is a survey method, on the agrotourism business kampoeng rabbit's in the Village of Mentangor District Tenayan Raya Kota Pekanbaru. The study was conducted for 6 months starting from August 2020 to January 2021. The respondents in this study were entrepreneurs and 8 workers. Furthermore, this study was analyzed descriptively quantitatively, business analysis, investment criteria (Net Present Value, Internal Rate Of Return, Net B /C and Payback Period). The types of data used are secondary data and primary data. The results of this study showed that the financial feasibility analysis of the ecotourism business kampoeng rabbit's worthy because it has met 4 investment criteria with an NPV value of 637,900,658 > 0, Net B / C 1.17 > 1, IRR 29% > 12% payback rate for 2 years 11 months 2 days < business life (10 years).

ANALISIS KELAYAKAN USAHA PENGOLAHAN IKAN SALAI DI KELURAHAN AIR DINGIN KECAMATAN BUKIT RAYA KOTA PEKANBARU PROVINSI RIAU (Studi Kasus Pada Usaha Ikan Salai Sedap Bakat)

This study aims to analyze the characteristics of entrepreneurs and smoked fish business profile; availability, acquisition, and use of raw materials and supporting materials for smoked fish processing business; non-financial business feasibility and financial feasibility of smoked fish processing business; and the sensitivity of the smoked fish processing business. The method used in this research was a case study in the processing business of "Spiced Fish Bakat" in Air Dingin Village, Bukit Raya District, Pekanbaru City, Riau Province. This research was carried out for six months starting from January to June 2022. The respondents in this study were entrepreneurs and four workers. Data analysis was performed using quantitative and qualitative descriptive analysis (market and marketing aspects, technical aspects, environmental aspects, legal aspects, and management aspects, and financial aspects using four investment criteria (NPV, Net B/C, IRR, and Payback Period) and sensitivity analysis with the Switching Value approach. The results showed that the characteristics of entrepreneurs belong to the productive age with 46 years of age, 16 years of education (graduate) with 12 years of business experience, and 4 family members. Salai Sedap Bakat fish processing business is classified as a small-scale and household business and still uses traditional technology in the production process. Non-financial feasibility from market and marketing aspects, technical aspects, legal aspects, and management aspects of the salai fish business was feasible. The environmental aspect was not yet feasible because there is no provision for waste treatment from the by-products of smoked fish processing. Meanwhile, financially the Salai Sedap Bakat fish processing business is feasible to be continued and developed because it is profitable based on 4 investment criteria with an NPV of IDR 50,086,397 > 0, Net B/C with a value of 1.43 > 1, an IRR value of 21% > i ( 6.69%) and Payback Period for 4 years 1 month 5 days < business life (10 years). Based on sensitivity analysis using the switching value approach, the profit of the Salai Sedap Bakat Fish Business was more sensitive to the decline in the price of catfish production with a decrease in the NPV value of 90.65% and a decrease in the production of smoked catfish with a percentage of 90.28% compared with an increase in operational costs with a percentage of 82.36% of the base value.

Analisis Pengembangan Usaha Peternakan Sapi di Kecamatan Landono Kabupaten Konawe Selatan (Studi Kasus pada Anggota Kelompok Tani Budi Karya)

Landono District has a potential area for developing a cattle breeding business, but cattle farming requires a considerable investment. The Budi Karya Farmers Group is one of the groups that conduct cattle farming in Landono District, South Konawe Regency. The research objective was to determine the feasibility of developing a cattle breeding business for members of the Budi Karya farmer group in Landono District, South Konawe Regency. Determination of the research location was carried out purposively with the consideration that in Landono District, there is a cattle business carried out by farmer groups. The number of respondents, namely all members of the Budi Karya farmer group, as many as 19 people and one of the officers from the livestock service who helped develop the cattle farming business in Landono District. Data analysis used feasibility and sensitivity analysis. The results of research on the development of a cattle farming business for members of the Budi Karya farmer group obtained an NPV value of Rp663.881.185, an NBCR value of 2,412, an IRR value of 35,97%, a PP value of 2 years four months, a production BEP of 2 heads and a BEP price of Rp389.153. The results of the sensitivity analysis of the cattle farming business of members of the Budi Karya farmer group to a 10% decrease in production and an increase in production costs of 10% meet the five eligibility assessment criteria so that the development of cattle farming business members of the Budi Karya farmer group is feasible to be cultivated or run.

The Financial analysis of the catching of blue swimming crab (Portunus pelagicus) in South Konawe Regency, Southeast Sulawesi

One of the important capture fisheries commodities in Southeast Sulawesi, especially small-scale fisheries, is blue swimming crab (Portunus pelagicus) using traps. The catching is said to be successful if it gets the maximum profit for the business actor. The use of different types of bait in trap results in different catches. The purpose of this study was to analyze the financial aspects which include costs, income, profits, and the level of financial feasibility of catching crabs using different baits, namely peperek fish and anchovies. The method used in this study is a survey method, namely by reviewing, observing and collecting information data directly in the field. The results of the study indicated that the variable costs incurred annually have a greater amount than the fixed costs. The biggest revenue from the crab catching business was by using peperek fish bait, with the profits being able to cover the costs incurred. Crab fishing business using peperek fish is said to be feasible and profitable as seen from the value of NPV, IRR, and B/C Ratio with the return on capital in the category of medium return on capital. Meanwhile, by using anchovy bait, there is a loss, where the revenue obtained cannot cover the costs incurred.