Practical Computation in the Techno-Economic Analysis of the Production of Magnesium Oxide Nanoparticles using Sol-gel Method

  • Jessica Veronica Departemen Pendidikan Kimia, Fakultas Pendidikan Matematika dan Ilmu Pengetahuan Alam, Universitas Pendidikan Indonesia, Jl. Dr. Setiabudi no. 229, Bandung, 40154, Indonesia
  • Lidia Intan Febriani Departemen Pendidikan Kimia, Fakultas Pendidikan Matematika dan Ilmu Pengetahuan Alam, Universitas Pendidikan Indonesia, Jl. Dr. Setiabudi no. 229, Bandung, 40154, Indonesia
  • Citra Nurhashiva Departemen Pendidikan Kimia, Fakultas Pendidikan Matematika dan Ilmu Pengetahuan Alam, Universitas Pendidikan Indonesia, Jl. Dr. Setiabudi no. 229, Bandung, 40154, Indonesia
  • Risti Ragadhita Departemen Pendidikan Kimia, Fakultas Pendidikan Matematika dan Ilmu Pengetahuan Alam, Universitas Pendidikan Indonesia, Jl. Dr. Setiabudi no. 229, Bandung, 40154, Indonesia
  • Asep Bayu Dani Nandiyanto Departemen Pendidikan Kimia, Fakultas Pendidikan Matematika dan Ilmu Pengetahuan Alam, Universitas Pendidikan Indonesia, Jl. Dr. Setiabudi no. 229, Bandung, 40154, Indonesia
  • Tedi Kurniawan Community College of Qatar, Qatar
Keywords: Economic Evaluation, Magnesium Oxide Nanoparticles, Sol-Gel Method

Abstract

The purpose of this study was to determine the feasibility of a project for the manufacture of magnesium oxide nanoparticles using the sol-gel
method by evaluating both technically and economically. Evaluation from the technical side is determined by stoichiometric calculations and
evaluation of the initial factory design, while the evaluation from the economic side is determined by several parameters to determine the benefits of the project to be established (Gross Profit Margin, Internal Rate Return, Break-Even Point, Payback Period, and Cumulative Net Present Values). Some of these economic evaluation parameters were analyzed to inform the production potential of magnesium oxide
nanoparticles, such as determining the level of profitability of a project (Gross Profit Margin), predicting the length of time required for an investment to return the initial capital expenditure (Payback Period), predicting the condition of a production project in the form of a production function in years (Cumulative Net Present Value), etc. The results of the technical analysis show that this project can produce
1,425 kg of magnesium oxide nanoparticles per day and the total cost of the equipment purchased is 45,243 USD. Payback Period analysis shows that the investment willbe profitable after more than three years. To ensure project feasibility, the project is estimated from ideal to
worst-case conditions in production, including salary, sales, raw materials, utilities, as well as external conditions such as taxes

Published
2021-12-26
How to Cite
[1]
J. Veronica, L. Intan Febriani, C. Nurhashiva, R. Ragadhita, A. Nandiyanto, and T. Kurniawan, “Practical Computation in the Techno-Economic Analysis of the Production of Magnesium Oxide Nanoparticles using Sol-gel Method”, INJIISCOM, vol. 2, no. 2, pp. 113-124, Dec. 2021.