Sahri, Sahri and Tajidan, Tajidan and Sukardi, lalu and Fahruddin, Fahruddin and Ayu, Candra and Husni, Syarif and ZULKIFLI, ZULKIFLI (2022) C.21_The Financial and Economic Feasibility Analysis: A Value-Added Approach. Tec Empresarial Journal, 17 (2). pp. 17-33. ISSN P-ISSN: 1659-2395 ; E-ISSN: 1659-3359
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Abstract
The author introduces value-added analysis as a novel analytical method for assessing the financial and economic feasibility of business activity to broaden knowledge. Using the value-added analysis method in the feasibility analysis is based on the presence of elements of revenue and consumable costs in the calculation of added value without considering the amount or wages and profits. So, if the added value exceeds the labor wages, the entrepreneur makes a profit. Through a case study in tobacco farming, the author demonstrates that the value-added approach can be used to analyze financial and economic feasibility and is equipped with ready-to-use applications. The research was carried out on 30 Kasturi tobacco farming units spread across three sub-districts in the West Lombok Regency, namely Sekotong, Sheet, and Gerung District, from May to July 2022. The financial feasibility analysis results show that the added value of musk tobacco farming is Rp. 33,820,555/llg, which is greater than the labor wage of Rp. 20,800,800/llg, while the economic feasibility analysis result shows that the added value of musk tobacco farming is Rp. 25,656,000/ha, so musk tobacco farming is feasible. The feasibility analysis results using the added value approach are consistent with the B/C ratios analysis, greater than 1.06, e.g., 1.5175, and 1.7619.
| Item Type: | Article |
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| Keywords (Kata Kunci): | Financial Feasibility, Economic Feasibility, Value-Added Analysis, Kasturi Tobacco. |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Fakultas Ekonomi |
| Depositing User: | Dr. H. Sahri MS. |
| Date Deposited: | 09 Nov 2022 23:28 |
| Last Modified: | 20 Dec 2022 06:24 |
| URI: | http://eprints.unram.ac.id/id/eprint/32743 |
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