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Financial Feasibility Study of the Construction of New High School Building (Case Study of XYZ Foundation)
Abstract
XYZ Foundation manages several unit of different education levels as part of private education sector. At the time being, the Foundation sees a necessity to encourage the development of one of its units, namely the high school unit. Continuous curriculum development and the addition of classes and facilities require more space to be realized so the school can admit more student, as the interest of prospective students continues to increase every year. But the current school building cannot accommodate any more development. The current high school unit area is still integrated with the junior school unit area. This happen because the junior school unit was built first by the Foundation and later the high school unit. And because of that, the junior school unit occupy most of the area dan already has a better and more comprehensive facilities than the high school. So, the foundation decided to construct a new building for high school unit in separate area. And it is expected that in the school year of 2021 the new buildings are ready to welcome the students. This financial feasibility study is conducted to assess whether the project is feasible or not. The parameters used to assess the project are Net Present Value (NPV), Internal Rate Return (IRR), Payback Period (PBP), Profitability Index (PI) and risk analysis is also conducted.
Each district or city is required to establish a Public Service Mall for services to the community, therefore the Government wants to make the Kapuas Indah Market building multifunctional which has been neglected for a long time by having a Public Service Mall on the 3rd floor of the Kapuas Indah Market with a total building area of ± 7,380m2. The construction of this renovation will certainly have various impacts so it is necessary to carry out a feasibility study in terms of technical and financial aspects.Analysis of the technical aspects carried out is based on the Basic Building Coefficient (KDB) of 78.79%, Building Floor Coefficient (KLB) of 2.36, Green Area Coefficient (KDH) of 21.20%, Parking Space Requirement of 581SRP, and Accessibility The locations reviewed are in accordance with applicable regulations and guidelines that the technical aspects of the renovation of the construction of the Kapuas Indah Market and Public Service Mall can be said to be feasible or have met the requirements in the construction of a project. While the results of the financial feasibility analysis show that the renovation project for the construction of the Kapuas Indah market and the Public Service Mall is feasible (profitable) because the results obtained using the Net Present Value (NPV) obtained a value of Rp. 10,223,725,624 > 1, the value of the Benefit Cost Ratio (BCR) of 1.1409 ³ 1 , the Internal Rate Of Return (IRR) is 7.78% > MARR, and the Payback Period (PP) value is 22 years 11 months 14 days < the investment plan age is 30 years. The sensitivity results show that the feasibility assessment of financial parameters is very sensitive to the IRR parameters for increasing expenses and decreasing revenue costs.
PT. Docil Berkah Abadi is a retailer that offers motorcycle accessories, primarily windshields, via e-commerce, resellers, distributors, and an offline store. Additionally, subsidiary companies sell additional varieties of accessories. Mission of this organization is to dominate the market for motorcycle accessories in Indonesia and to innovate our products via subsidiary companies. PT. Docil Berkah Abadi has serious problems in its business process because the previously running business processes are not effective and result in too large fixed costs incurred by PT.Docil berkah Abadi This is the time from the beginning of the order acceptance until the goods are sold too long. The number of employees who have been discharged does not correspond to the salary costs already incurred by PT. Docil Berkah Abadi This is a very expensive rental because you have to store a lot of stock. The aim of this study is to improve business processes by understanding the roots of the problem with Root Cause Analysis (RCA) and improve the business process with Business Process Improvement. (BPI). The author uses five whys on Root Cause Analysis (RCA) analysis and performs identification on business early processes, and improves business by streamlining with Bureaucracy Elimination and Upgrading. This study was conducted using qualitative methods. The researchers conducted in-depth interviews with several divisions of the company to gain insight into the business processes of the enterprise. The results of the interviews showed that the business processes used by the company are still less accurate. Using interview insights, the researchers built a new process business using flowchart.
This paper investigates the long-run relationship between education and economic growth in Nepal between 1995 and 2013 through the application of Johansen Cointegration technique and OLS. The results from OLS show that secondary and higher education contributes significantly to the Real GDP Per Capita in Nepal. The elementary education also positively influences economic growth but the results are statistically less significant. The cointegration test results confirmed the existence of a long-run relationship in education (a well-educated human capital) and Real GDP Per Capita. It is, therefore, suggested to keep education on top priority in public policies, make serious efforts for Universalization of Primary Education and discourage the drop-out rate at all levels of education to achieve sustained economic growth. Keywords: Education, Economic growth, Ordinary Least Squares (OLS)
The impact of globalization on culture and educational system is a major concern. Some people saw it as a treat for traditional institutions such as the family and the school, another argument saw benefits in overturning traditional and developing modern attitudes. this paper will analysis the positive and negative impacts of globalization on education for developing countries. Effective education systems are the foundation of opportunities to lead a decent life. Ensuring that all children have adequate access to education is essential public sector function for countries at all income level. The paper argues that education is a core element of society, and the foundation of democratic choice. The large difference in opportunities in education between countries is one of the basic causes of global inequality. People can only contribute and benefit from globalization if they are endowed with knowledge, skills, and values and with the capabilities and rights needed to pursue their basic likelihoods.
- Richard A Brealy
- Stewart A Myers
- Franklin Allen
Brealy, Richard A., Myers, Stewart A., & Allen, Franklin, 2017,
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