JOURNAL OF HUMANITIES, SOCIAL SCIENCES AND BUSINESS (JHSSB)
Vol. 4 No. 2 (2025): FEBRUARY

Feasibility Analysis of the Construction of the North Surabaya Hospital from the Financial Aspect

Wahyu, Lestyanto (Unknown)
Patriadi, Andi (Unknown)
Sajiyo, Sajiyo (Unknown)



Article Info

Publish Date
28 Jan 2025

Abstract

The purpose of this research is to analyze the investment feasibility of North Surabaya Hospital, Bulak District, Surabaya City with the parameters of Net Present Value, Internal Rate of Return, Benefit Cost Ratio (BCR) and Payback Period. This research focuses on the North Surabaya Hospital which was built by the Surabaya City Government Health Office with a budget allocation for the 2026 fiscal year. The research instruments used are interview guidelines and observation sheets, with data collection procedures through interviews with related parties in hospital construction, site observation, and documentation which includes primary and secondary data. Based on the investment analysis of North Surabaya Hospital and sensitivity evaluation of operational costs and potential income, the conclusions obtained are: Alternative 1 is feasible because it produces an NPV value of Rp. 211,014,227,005, IRR of 9.85%, BCR of 1.23 and PP of 7.69 years. Alternative 2 is not feasible because it generates NPV of IDR 28,416,192,984, IRR of 6.57%, BCR of 1.14 and PP of 8.34 years. Alternative 3 is not feasible because it generates NPV of IDR 66,444,241,124, IRR of 7.30%, BCR of 1.16 and PP of 8.20 years. Alternative 4 is feasible because it generates NPV of Rp. 166,294,504,181, IRR of 9.26%, BCR of 1.20 and PP of 7.70 years.

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Journal Info

Abbrev

JHSSB

Publisher

Subject

Law, Crime, Criminology & Criminal Justice Social Sciences

Description

JOURNAL OF HUMANITIES, SOCIAL SCIENCES AND BUSINESS (JHSSB) has main objective which is to cater an intellectual platform for the international scholars. JHSSB aims to promote interdisciplinary studies in business and social science and become the leading journal in humanities, social science and ...