This Author published in this journals
All Journal Trikonomika: Jurnal Ekonomi JAM : Jurnal Aplikasi Manajemen Jurnal Ilmiah Ekonomi Islam Jurnal Manajemen Indonesia Jurnal Mitra Manajemen JIM UPB (Jurnal Ilmiah Manajemen Universitas Putera Batam) SEIKO : Journal of Management & Business Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan JIKA: Jurnal Ilmu Keuangan dan Perbankan Journal of Humanities and Social Studies Almana : Jurnal Manajemen dan Bisnis JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi) Abdimas Umtas : Jurnal Pengabdian kepada Masyarakat MBIA Jurnal Ilmiah Akuntansi Manajemen JASF (Journal of Accounting and Strategic Finance) Jurnal Riset Akuntansi Kontemporer Jurnal Syntax Transformation Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences Journal of Management and Bussines (JOMB) International Journal Of Science, Technology & Management (IJSTM) Journal of Economics and Business UBS Jurnal Ekonomi Efektif Jurnal Ekonomi Jurnal Abdi Masyarakat Indonesia International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Jurnal Pengabdian Masyarakat Akademisi IJFBP International Journal of Family Business Practices Jurnal Ilman: Jurnal Ilmu Manajemen Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Jurnal Indonesia Sosial Teknologi Journal Research of Social Science, Economics, and Management eProceedings of Management Enrichment: Journal of Multidisciplinary Research and Development INTERNATIONAL JOURNAL OF ECONOMICS AND MANAGEMENT REVIEW Majority Science Journal Jurnal Penelitian Pendidikan Indonesia In Search (Informatic, Science, Entrepreneur, Applied Art, Research, Humanism) Journal of Global Economic Research Proceeding of Community Service and Engagement
Claim Missing Document
Check
Articles

Found 2 Documents
Search

ANALYSIS OF INVESTMENT FEASIBILITY AND SENSITIVITY ANALYSIS FOR THE XYZ GEOTHERMAL POWER PLANT (GPP) DEVELOPMENT PROJECT Darussalam Darussalam; Irni Yunita
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 5 No. 1 (2025): February
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v5i1.2465

Abstract

Currently, the electricity system of North Sulawesi Province is supplied by power plants including Geothermal Power Plant (GPP), Coal-fired Power Plant (CFPP), Hydroelectric Power Plant (HPP), Solar Power Plant (SPP), Diesel Power Plant (DPP), and Gas Turbine Power Plant (GTPP) with a total installed capacity of 589 MW. The Net Capacity (NC) of this system is approximately 492 MW and the Net Supply Capacity (SC) is around 462 MW, resulting in a gap between installed capacity, NC, and SC Over the past few years, the electricity sales growth in North Sulawesi Province has been quite high, around 7.8% based on sales data from 2011-2020, and is projected to continue growing. Additionally, it is expected that the Energy Mix from New and Renewable Energy sources should reach 23% by 2025, thus the development of new power plants from New and Renewable Energy sources can contribute to achieving this Energy Mix. This research is conducted as a further study regarding the feasibility of investing in the development of XYZ Geothermal Power Plant to provide added value for the company. The research method employed is quantitative descriptive method, which involves calculating the Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index (PI), Discounted Payback Period (PP), and Sensitivity Analysis (SA). The results show that the investment will be feasible if the capital source for the investment comes from corporate loans for the upstream sector and soft loans for the downstream sector of development, resulting in an NPV of 2,241 thousand USD, an IRR of 11.11%, a PI of 1.01, and a PP of 24 years. Furthermore, the analysis shows that the decision on the capital source is important, as it affects feasibility, and loan variables such as the interest rate in corporate loans and repayment years in soft loans are important factors to consider in increasing economic feasibility. On the other hand, if the best scenario is chosen—decreasing cost variables and increasing both the electricity tariff and capacity factor by 10% from the base scenario—it can result in higher economic feasibility. Moreover, the electricity tariff, capacity factor, production well cost, and power plant cost have the greatest impact on feasibility. Therefore, it is important to strive for the maximum value of the electricity tariff and capacity factor, while minimizing production well and power plant costs as efficiently as possible.
RISK-ADJUSTED CAPITAL BUDGETING FOR CLINIC DEVELOPMENT INVESTMENT FEASIBILITY AT CAMAR MANDIRI JEMBER Andre Rizal Sinaga; Irni Yunita
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 6 No. 5 (2026): October (ON-PROGRESS)
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study evaluates the investment feasibility of developing Klinik Pratama Camar Mandiri Jember through a risk-adjusted capital budgeting approach. The project concerns the acquisition of land and an existing building, partial demolition, renovation, relocation, licensing, and initial working capital for a clinic that currently operates on leased premises. A descriptive-evaluative quantitative case study was conducted using 2020-2024 clinic financial statements, patient visit data, revenue and cost structures, investment budget assumptions, and indicative bank financing information. The analysis applies Net Present Value, Internal Rate of Return, Profitability Index, Payback Period, Discounted Payback Period, sensitivity analysis, scenario analysis, Monte Carlo simulation, and Debt Service Coverage Ratio. Under the base scenario, the project generates a positive NPV of IDR 311,469,830, IRR of 9.68%, PI of 1.13, and payback period of 12.36 years, indicating conditional economic feasibility. However, discounted payback exceeds 15 years, revenue growth is the most sensitive variable, the probability of positive NPV is 51.70%, and full bank financing is not supported by clinic cash flow. The investment is therefore feasible only with strict cost control, revenue stabilization, and prudent financing structure.
Co-Authors Abdul Mukti Soma Adelia Nandira Maharani Adi Katon Pamungkas Adithya Yudha Agita Putra Pramana Agus Afrianingsih, Dwi Aisha Nur Izzati Aisha Nur Izzati Aldilla Iradianty Almira Iffa Fauzia Alvin Matheus Reinhard Marpaung Andini Pujasari Andre Rizal Sinaga Anggara Ramadhan Anggita Prameswari Anisah Firli Aprianto, Fadly Ayu Nur Rahmadhani Azizah, Reza Noor Bayu Aji Prasetyo Bella Salsabilla Cahyaningsih Cahyaningsih2 Damiao Maia, Graciano Andre Darussalam Darussalam Della Ferranti Della Ferranti, Della Dematria Pringgabayu Destyana, Devica Puteri Dian Novita Bukit Diva Rifayani Dwi Kurniawan, Dwi Dyah Ajeng Mulatsih Eko Sanjaya Nurhakim Erie Febrian Fachrizal, Fiqhi Fadly Aprianto Fajar Sidiq Adi Prabowo Fajra Octrina Fiqhi Fachrizal Firmansyah, Fandi Firrisa Tsamara Munica Fitri Amanda Zuchrinata Gadis Arimbi Puspita Graciano Andre Damiao Maia Graciano Andre Damiao Maia Gushendri, Adzra Helga Engrasia Gustyana, Tieka Tri Kartika Irani, Annisa Salsabila Dwitha Jamhari Jamhari Jeffry Frans Rinaldo Silaban Kevin Krisna Khoirunnisa Az-Zahra Kishi Alandra Maghfirah Izani Desta Maria Apsari Sugiat Marwa Dewi Ahdiyati Salim Mauli Permata Sari Meuthia Rahmawati Milleniasari, Poeti Annisa Muhammad Farhan Muhammad Farid Pratama Muhammad Iqbal Alamsyah Naurah Salsabila Naurah Salsabila Ramadhana Novemrian, Yandi Nuraulia, Naifah Nurwijayanti Palti Sitorus Piamalia, Novita Nur Piko Hamudin Priyambodo, Muhammad Ganang Puspita*, Gadis Arimbi Putri, Devina Dianra Putri, Salsabila Fadila Rahmawati, Meuthia Ratna Komala Putri Ratna Lindawati Lubis Ratna Lindawati Lubis Ray Burton Reza Noor Azizah Ria Ratna Ariawati Rina Indiastuti Rinaldi, Muhammad Adrian Daffa Nadino Rinaldo Silaban, Jeffry Frans Risanti, Sherly Nur Aulia Roderta Cahya Diputra Safitri Puji Lestari Sagung Desy Pratami, A.A Salma Salimah Salsabila Fadila Putri Sugiat, Maria TB Aria Maulana Ihsan Tiara Putri Nadiwa Trihandayani*, Deri Vanessa Eleanor Saaba Yusoff, Yusliza Mohd