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Journal : Proceeding Mercu Buana Conference on Industrial Engineering

Feasibility Analysis of Using Electronic Vehicles at Grab Indonesia with the IRR Method Furqan, Muhammad Alif; Sahbandar, Aulia Idharizqi Widayani; Barandika, Barandika; Rumalutur, Yizri Ievana Febrianty; Abid, Rasyid; Sutisna, Fazar; Iskandar, Yelita Anggiane; Vikaliana, Resista
Proceeding Mercu Buana Conference on Industrial Engineering Vol 5 (2023): LEAN AND GREEN FOR SUSTAINABILITY DEVELOPMENT GOALS IN THE I4.0 ERA
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/MBCIE.2023.008

Abstract

Indonesia is a country with the fourth largest population in the world, reaching 275.77 million people in 2022. This has caused the need for transportation to increase, thereby creating new business opportunities for public transportation companies, including online motorcycle taxi companies such as Grab which provide service gates - to-door and order food delivery. However, the increase in transportation needs also causes an increase in fuel consumption, one of the factors causing air pollution. This study aims to calculate and determine the feasibility of using electric vehicles by Grab drivers to transport passengers, goods, or food while calculating the carbon emissions created as a result of these various activities. The feasibility analysis is based on the Internal Rate of Return (IRR) of each type of transport vehicle used, using the Sum of Years Digits (SOYD) method, which takes into account depreciation, fuel use, and the carbon emissions produced. The results of the study show that the use of electric vehicles is a viable investment in the long term, both technically and financially.
Analisis Kelayakan Investasi Penggantian Truck Box dengan Metode IRR, NPV, dan PP Vikaliana, Resista; Iskandar, Yelita Anggiane; Ramadhan, Muhammad Raihan; Sembiring, Ellease Davira Christy; Hawari, Farisan; Zein, Ghalda Ghaliyah; Ramandy, Johan Almer; Asif, St Nurauliyah Nasri
Proceeding Mercu Buana Conference on Industrial Engineering Vol 5 (2023): LEAN AND GREEN FOR SUSTAINABILITY DEVELOPMENT GOALS IN THE I4.0 ERA
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/MBCIE.2023.020

Abstract

In making an investment, it is necessary to carry out an investment feasibility test to assess the feasibility of the investment plan to be carried out. This study aims to examine the investment feasibility of replacing truck boxes with a larger capacity for distribution transportation at CV Jaya Proteindo. In the case of CV Jaya Proteindo, the method used to test the feasibility of investing in replacing a vehicle whose economic life is almost exhausted is using the Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PP) methods as well as the calculation of benefits or profits. in distribution using the vehicle to be invested. Based on the results of the research conducted, the replacement of vehicles at CV Jaya Proteindo using either 2 Mitsubishi L300 units or 1 Mitsubishi FE 74S unit was declared feasible, because it provided results that met the eligibility criteria of the methods tested.. Both types of vehicles generate an NPV value of ≥ 0, a short Payback Period or 2 months, and an IRR greater than the interest rate of 4.75%. Then a calculation of the benefits or advantages of both types of vehicles is carried out and it is obtained that the Mitsubishi FE 74S has a higher annual cash flow and lower annual distribution costs. Therefore, it is concluded that the investment solution in CV Jaya Proteindo is the replacement of distribution vehicles using 1 unit of Mitsubishi FE 74S which is declared feasible and more financially profitable with a greater cash flow of Rp82,445,000.00 per year and smaller distribution costs of Rp31,548,854.17 per year when compared to the use of 2 units of Mitsubishi L300.