Open AccessCost Analysis and Economic Evaluation for Manufacturing Hydroxyapatite Nanoparticles from Eggshell Waste
Author(s) -
Tiara Annisa,
Afrah Azkiya,
Risman Fauzi,
Asep Bayu Dani Nandiyanto,
Siti Nur Hofifah
Publication year - 2021
Publication title -
international journal of research and applied technology
Language(s) - English
Resource type - Journals
eISSN - 2810-0662
pISSN - 2807-7229
DOI - 10.34010/injuratech.v1i1.5669
Subject(s) - profitability index , payback period , return on investment , raw material , profit margin , gross margin , net present value , internal rate of return , profit (economics) , eggshell , net profit , operating margin , production (economics) , gross profit , business , economic analysis , agricultural economics , finance , economics , return on assets , ecology , chemistry , organic chemistry , biology , macroeconomics , microeconomics
The aim of this study is to evaluate the economic feasibility of manufacturing hydroxyapatite nanoparticles from eggshell waste. The economic analysis perspective is carried out by calculating various economic parameters, namely gross profit margin (GPM), payback period (PBP), break event point (BEP), internal rate return (IRR), creating net present value (CNPV), return on investment ( ROI) and profitability index (PI). The results show that the production of hydroxyapatite nanoparticles from eggshell waste is prospective. Technical analysis to produce 30,150 Kg of hydroxyapatite per year shows the total cost of equipment purchased is Rp. 230,580,000.00, and the total cost of raw materials is Rp. 890,235,720.00. The profit obtained from the sale of the product is Rp. 4,520,803,500.00/year. Within 20 years of the construction of this project, using eggshells as a raw material for production can reduce the accumulation of eggshell waste. This project can compete with PBP capital market standards due to the short return on investment of around 3 years. To ensure feasibility, the project is estimated from ideal to worst case conditions in production, including labor, sales, raw materials, utilities, as well as external conditions (taxes and subsidiaries). The benefits of this research are that it can provide information on the economic feasibility of manufacturing hydroxyapatite nanoparticles on a large scale, and can optimize/develop projects for further investigation.