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All Journal International Journal on Advanced Technology, Engineering, and Information System (IJATEIS) International Journal of Social Science and Community Service
Sulistianto, Leo Agus
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Arts Humanities Automotive Engineering Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Electrical & Electronics Engineering Environmental Science Industrial & Manufacturing Engineering

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ANALYSIS OF INVESTMENTS IN THE BUILDING OF THE GELORA BUNG TOMO CITY OF SURABAYA Sulistianto, Leo Agus; Witjaksana, Budi; Wulandari, Esti
INTERNATIONAL JOURNAL ON ADVANCED TECHNOLOGY, ENGINEERING, AND INFORMATION SYSTEM Vol. 3 No. 3 (2024): AUGUST
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/ijateis.v3i3.1168

Abstract

The Gelora Bung Tomo area currently includes a football stadium, three training fields, a wheel-shoe track, a motorcycle racing circuit, and a multipurpose indoor sports building. With the evolving automotive industry, upgrading the circuit from grade D to grade C is necessary to accommodate more races. This involves extending the 650-meter road race track to 1700 meters, including a pit stop area, audience tribune, paddock, and commercial area. The study evaluates the current facilities of the Gelora Bung Tomo (GBT) area in Surabaya and conducts investment analysis to determine financial viability. The research methodology combines quantitative and qualitative approaches using previously obtained primary and secondary data, then compiles cash flow projections and performs investment analysis using investment valuation methods, namely net present value (NPV), internal rate of return (IRR), benefit cost ratio (BCR), and payback period (PP). Based on the results of the analysis with the Net Present Value (NPV) method, if a positive value of Rp. 13.339.690.346 is obtained, then the investment is acceptable. If the benefit-cost ratio is greater than 1,1849, then the project is accepted, and the PP is 30.98 under the time of the investment of 50 years, but the greater the risk faced, the more the overall investment is worthy of being implemented.
Analysis of Investment Sensitivity in The Construction of The Gelora Bung Tomo Surabaya Circuit Sulistianto, Leo Agus; Witjaksana, Budi; Wulandari, Esti
International Journal of Social Science and Community Service Vol. 2 No. 4 (2024): OCTOBER
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/ijsscs.v2i4.12

Abstract

Provision of Sports Prasarana is an attempt to fulfill the basic rights of the public to obtain services in sports activities, as listed in Law of the Republic of Indonesia Number 11 of 2022 concerning Sports 2022. The growing automotive industry is one important sector that significantly contributes to Indonesian economic growth. Based on the Surabaya City for 2021-2026 calls for the creation of an integrated area, with the Gelora Bung Tomo area serving as an international sports center and integrating with the growth of trade and service functions in Surabaya's surrounding areas. The aim of this study is to measure the amount of investment income and revenue limits in an effort to reduce the risks associated with the investment in the circuit. We carry out flow calculations using the Net Present Value (NPV), Internal Rate of Return (IRR), Benefit Cost Ratio (BCR), and Payback Period (PP) methods, and then analyze the sensitivity. We reviewed the sensitivity analysis based on several parameters, including commercial rent income and circuit management costs. The development of Tomo's Gelora Circuit is sensitive to a loss of income from the rental of business or commercial premises of 8%, which will affect a decline in profit, resulting in a negative net present value (NPV) and prolonging the rate of return. Additionally, it is sensitive to an increase in management costs by 12%.
Co-Authors Budi Witjaksana, Budi Esti Wulandari