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All Journal JURNAL PASTI (PENELITIAN DAN APLIKASI SISTEM DAN TEKNIK INDUSTRI) International Journal of Advanced Technology in Mechanical, Mechatronics and Material (IJATEC) Journal of Information System, Technology and Engineering IRA Jurnal Pengabdian Kepada Masyarakat
Indra Almahdy
Department Of Industrial Engineering, Faculty Of Engineering, Universitas Mercu Buana, Jakarta, Indonesia
Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Education Electrical & Electronics Engineering Energy Engineering Industrial & Manufacturing Engineering Materials Science & Nanotechnology Mechanical Engineering Transportation Other

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Engineering Economy Application in Investment Evaluation: A Simulation Approach Kholil, Muhammad; Haekal, Jakfat; Firdaus, Alfa; Almahdy, Indra; Riyadi, Selamet; Hidayat, Atep Afia
Journal of Information System, Technology and Engineering Vol. 3 No. 4 (2025): JISTE
Publisher : Yayasan Gema Bina Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61487/jiste.v3i4.248

Abstract

This study evaluates the feasibility of implementing an Enterprise Resource Planning (ERP) system in the Cosmetics and Household Needs sub-sector using engineering economics and system-dynamics simulation. The investment targets operational efficiency and the correction of transaction and inventory discrepancies. Financial viability was assessed via Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PP), complemented by a multi-year Vensim simulation to capture dynamic cash-flow effects. Results indicate strong feasibility: NPV of Rp 119,654,313 over five years, IRR of 50.38% far above a 3.5% benchmark and a 7-month payback, with simulated trajectories showing increasing NPV and sustained positive cash flow under varying income, expense, and customer-growth assumptions. The ERP solution is at Technology Readiness Level (TRL) 7–8, reflecting prototype demonstration in an operational environment. The initiative aligns with institutional KPIs on digital transformation, efficiency, and financial performance, and supports SDG 9 (Industry, Innovation and Infrastructure) and SDG 12 (Responsible Consumption and Production) by promoting efficient resource management and sustainable industrial practices. Collectively, the evidence suggests ERP adoption is both financially sound and strategically beneficial for firms in this sub-sector.
Co-Authors Adizty Suparno Alfa Firdaus Annisa Fortinina Atep Afia Hidayat Dinni Kushartini Eko Sulisetyawan Eko Sulisetyawan, Eko Fachrurrozi Fachrurrozi Hadi Pranoto Haekal, Jakfat Kushartini, Dinni Lesmana, Sakti Aji MAGDALENA PRAHARANI SURYA NINGRUM Muhammad Isradi Muhammad Kholil Muhammad Kholil NINGRUM, MAGDALENA PRAHARANI SURYA Resa Taruna Suhada SAFITRI, SETYORINI Selamat Riadi Selamet Riyadi SETYORINI SAFITRI