Academic literature on the topic 'Investment payback period'
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Journal articles on the topic "Investment payback period"
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Zhang, Meng Fang, Liang Huang, and Yi Ping Cai. "Forecast on Payback Period of Restaurant Projects Investment by Computer Simulation." Advanced Materials Research 446-449 (January 2012): 3782–86. http://dx.doi.org/10.4028/www.scientific.net/amr.446-449.3782.
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Investment projects of the civil engineering have many characteristics,such as large scale of construction,tremendous investment cost,long payback period of investment, and bad risk. For investors, the investment payback period of construction projects is an important index that evaluate and measure economic effect of project investment. The investment capital can be recovered in the operation of actual projects by the influence of random factors, it is difficult that the investment payback period of construction projects is calculated generally using analytic method. Combined with restaurant project in this paper, set up the mathematical model of the payback period of investment, find out random factors that influence its cash flow of restaurant project, to research and measure the data of random factors on existing similar projects, to determine the probability distribution of random parameters,and Statistical data processing, make use of the computer simulation, set up the simulation model of the payback period of investment, to forecast the static and dynamic payback period of construction projects,provided decision-making with scientific base and meaningful reference.
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Wati, Murna. "Analisis Payback Period Sebagai Dasar Kelayakan Investasi." Jurnal Daya Saing 2, no. 2 (2016): 117–24. http://dx.doi.org/10.35446/dayasaing.v2i2.54.
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Abstract: Investment is the main decision finances for the long term usually requires a large amount of funds that need to be analyzed in depth before running out investment activities, investment can basically refers to the economic activity of a country , the activity of investment is economically is advantageous , Interest Eligibility investing is to find out how large rate advantages gained by using a pay back period, as the basis for this effort is feasible to be implemented. This research uses descriptive method with survey approach is to use secondary data is data that has been processed and the data provided in the company terssebut. The data analysis of this research by using quantitative descriptive method describes the reality of the matter with their efforts to resolve problems in a certain period. The data to the analysis of this research by using quantitative descriptive method describes the reality of the matter with Reviews their Efforts to resolve problems in a Certain Period
 Keywords: Feasibility, Investment
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Wan, Jian, Zheng-hong Xia, and Xin-ping Zhu. "Investment Payback Period Calculating Model for Airport Bridge Facility." Mathematical Problems in Engineering 2020 (August 12, 2020): 1–7. http://dx.doi.org/10.1155/2020/9746153.
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Due to the uncertainty and difficulty of estimating the investment payback period of the airport bridge facility, a model for calculating the investment payback period of bridge facility is proposed in this paper from the perspective of airport routine operation. Based on the actual operational data of Kunming Changshui Airport, Wuhan Tianhe Airport, and Lijiang Sanyi Airport in 2018, the factors influencing the payback period of bridge facility are the number of bridge facilities and service time, which have been discussed in this paper. According to the simulation, it is concluded that the number of bridge facilities and service time are the key points to the length of the investment payback period, and the annual operating cost of the airline can be saved quite a lot. The research results can be used to assist the leaders’ decision-making of airports and airlines for the promotion of the service of bridge facilities.
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Zhang, Meng Fang, Liang Huang, and Lu Yang Shan. "Computer Simulation Forecast of the Markov Chain for Payback Period of Construction Projects Investment." Advanced Materials Research 671-674 (March 2013): 3096–99. http://dx.doi.org/10.4028/www.scientific.net/amr.671-674.3096.
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The investment payback period of construction projects is an important index that evaluate and measure economic effect of project investment. It is difficult that the investment payback period of construction projects is calculated generally using analytic method.We established the mathematical model of the payback period, the annual net cash flows are Markov chains. According to the similar projects, collected net yearly cash flow and each quarter net cash flow, A one-step transition probability matrix was described by using the computer simulation of Markov chains, forecasted the dynamic and static payback period of construction projects investment. so as to provide the scientific basis data for decision makers.
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Kotsyuba, O. S. "Estimating the Payback Period of an Investment Project in the Framework of a Fuzzy Set Statement of the Problem." Business Inform 10, no. 513 (2020): 173–79. http://dx.doi.org/10.32983/2222-4459-2020-10-173-179.
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The article is concerned with the problem of fuzzy-set-based evaluation of the payback period of real investment projects. Initially, the most general features of the approach, which is implemented to find a discounted payback period for an investment project in the form of a fuzzy value (number), were highlighted. After that, the approach to modeling the latter with the help of payback function was thoroughly considered. It is identified that, along with the obvious advantages of this instrument, its significant disadvantage, in terms of the original version, is that the scope of the payback function is limited to the investment projects, for which, after a minimum period of time, when there may be a payback scenario among other scenarios, the sequence of fuzzy estimates of the indicator of accumulated discounted cash flow is non-decreasing. The publication formulates a generalized version of the payback function of the investment project, free from this disadvantage. Using conditional data, the proposed modification was tested, which demonstrated its viability. Particular attention is paid to the formulation and approbation of the indicators that can be obtained on the basis of the payback function and which reflect certain, significant in terms of analytical needs aspects of the payback of the investment project in time.
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Gamaunova, Olga, and Tatiana Musorina. "Return on investment in the implementation of energy-efficient solutions for facade insulation." MATEC Web of Conferences 251 (2018): 05041. http://dx.doi.org/10.1051/matecconf/201825105041.
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In this article the technique of determination of payback period of investments taking into account capital costs and economy of means at the expense of implementation of energy saving actions for warming of external protecting designs is considered. Presented in the article the method of assessing the return on investment in the implementation of energy-efficient solutions of facade insulation is only evaluative. For more accurate calculations it is necessary to take into account the discount rate. Nevertheless, the main factors that have a positive impact on reducing the payback period of investments in the renovation of facades are identified. Only an integrated approach to improving the energy efficiency of buildings can not only reduce the cost of operation of buildings, but also provide a reduction in the payback period of investment in the implementation of energy efficiency measures.
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Imteaz, Monzur A., Maryam Bayatvarkeshi, and Md Rezaul Karim. "Developing Generalised Equation for the Calculation of PayBack Period for Rainwater Harvesting Systems." Sustainability 13, no. 8 (2021): 4266. http://dx.doi.org/10.3390/su13084266.
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Many end-users for the stormwater harvesting systems are reluctant in implementing the system due to uncertainties of the potential returns for their investment for such system. A common practice of presenting potential benefit of a certain investment is through calculation of payback period using net annual benefit from the system. Traditional practice of doing such payback period analysis for rainwater tanks was considering individual building/roof, system volume, and specific investment cost. It is not feasible to conduct such analysis for each and every rainwater harvesting system installed in different buildings. To overcome this tedious practice, this study presents development of a generalised equation for the estimation of payback period for rainwater tanks based on roof area, initial cost, and rate of return. Based on an earlier study, several payback periods were calculated for different roof sizes, initial costs, and rate of return. It was found that all these variables can be correlated and embedded into a base equation of power function. Final developed equation results were compared with the payback periods calculated through traditional practice considering net annual savings and net present value of cumulative savings. It is found that the developed equation can estimate payback periods with very good accuracies; for all the selected internal rates of return correlation values ranging from 0.99 to 1.0 were achieved. Corresponding coefficient of determinations varied from 0.988 to 0.993. Furthermore, it is found that for a fixed roof area and rate of return, the payback period is having a power relationship (having an exponent less than 1.0) with the initial cost.
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Nwabueze, Gift, Joel Ogbonna, and Chijioke Nwaozuzu. "COST – BENEFIT ANALYSIS FOR NIGERIAN NATURAL GAS PIPELINE INVESTMENT." International Journal of Engineering Technologies and Management Research 7, no. 9 (2020): 52–65. http://dx.doi.org/10.29121/ijetmr.v7.i9.2020.780.
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This paper performs cost-benefit analysis of a pipeline infrastructure project based on a given natural gas demand in order to estimate the net present value and payback time for natural gas pipeline investment in Nigeria. The result of the cost-benefit analysis indicates a positive net revenue and net present value (NPV) at the current regulated transport cost and availability factor for gas pipelines in Nigeria. However, with a payback period of 14 years, a natural gas pipeline project in Nigeria is likely to lose-out investment capital to other competing investments within the oil and gas sector. Scenario analysis indicates that by doubling the regulated transport cost with a 50% tax reduction, the pipeline investment results in a much higher NPV and a payback of 4 years, which is more acceptable to investors.
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Kiyak, Deimena. "Individual investor investment alternatives assessment criteria modelling." Buhalterinės apskaitos teorija ir praktika, no. 16 (July 5, 2019): 114–28. http://dx.doi.org/10.15388/batp.2014.no16.11.
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Private investment is one of the most important people financial components. Basically, it is an investment activity undertaken by individuals. In most cases investment efforts are intended to ensure the financial security later in life. The choice of them is relatively wide. However, for individual investors information about this receipt flow frequent is limited or poorly accessible. Therefore individual investors potential types of investment choices, their benefits and disadvantages of summation research in this area is valuable, relevant and new, both in theoretical and practical terms. Objective of the study - conclude individual investors potential investment alternatives selection model under the most relevant criteria. For an individual investor to understand the possible role of investment and management capabilities article summarizes the works of scientists presented the concept of investment. Individual investor's investment - is the active use of money, during which the money earns money and work for people and the partially guarantees additional revenue, provide permanent capital increase to satisfy the personal needs, implementing personal financial goals. For individual investor is most relevant investment funds classify according to investment properties, investor type and by period of investment and risk levels. In order to evaluate the investment options preferred by an individual investor was identified seven individual investors potential investment alternatives evaluation criteria: low risk of losing money; a high return; the initial amount of capital; lack of knowledge; access to information; short payback period; lack of need for continuous investment. In Article individual investor's investment options structured, provided essential types of investments advantages and disadvantages, also investments divided into two main groups. 1. Investment alternatives that do not require a large initial capital or nor the additional knowledge, and with little risk of losing money, the long payback period, adequate information dissemination about them, but with little return (deposits, government saving measures, gold). 2. Investment options on which information is available in difficult, often require additional knowledge, a bigger risk of losing money, but a short payback period (stocks, real estate, art values).
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Saleh, Amany, QianQian Yu, Steve H. Leslie, and John Seydel. "Gender Equity, Student Loans and Returns on Investment in American Higher Education." International Journal of Sociology of Education 6, no. 2 (2017): 216. http://dx.doi.org/10.17583/rise.2017.2633.
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This study examines practices that impact females’ earnings and, in particular, their ability to repay student loans. Salary inequities experienced by female college graduates along with student loans are addressed. The authors offer a quantitative model for highlighting the inequity in the American workforce considering female’s lower salaries and higher student loans by examining the payback period associated with the investment in college education. Results indicate that, while the payback period for investments on college loans is increasing for both males and females, this trend is significantly worse for females.
Dissertations / Theses on the topic "Investment payback period"
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Xu, Zhilin. "Premium payback period model and its application in stock investment." Thesis, Durham University, 2016. http://etheses.dur.ac.uk/11813/.
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A simple and effective investment strategy has always been the pursuit of both academicians and practitioners. This thesis introduces for the first time the concept of Premium Payback Period (PPP), the time required to earn back the premium paid for an asset. PPP is a powerful stock valuation model, which takes into account the company’s current accounting information and future earning ability. In the stock market, a stock’s PPP can be computed from its PB and ROE. In the real economy, a company’s PPP can be observed from the date of establishment to IPO. As a rule of thumb, stocks with PPP < 5 years are undervalued and stocks with PPP > 9.5 years are overvalued, where the threshold PPP is obtained from observation in real economy. PPP is proved to be an effective investment strategy in terms of stock selection as well as market timing. A pilot empirical study in Chapter 2 shows that a portfolio of stocks with PPP lower than 5 years can achieve excess return. In Chapter 3, I attempt to demonstrate the power of PPP model in selecting undervalued stocks. The size effect and PPP effect are incorporated in one framework and investigates both bull and bear market conditions. Investment recommendation is to invest in firms with small size and low PPP. When the indicators conflict, PPP criterion is the priority in the bear market and size criterion is the priority in the bull market. In Chapter 4, I endeavor to extend the application of PPP model to market timing. Both Treynor and Mazuy Model and Henriksson and Merton Model confirm the poor market timing performance of 10 Chinese equity-type funds. PPP model can help improve market timing significantly by adjusting position in stock market in line with PPP value of stock index. This research thus provides strong evidence that the PPP model performs as an effective investment strategy by selecting undervalued stocks and entering or exiting the stock market at appropriate timing.
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Oliveira, Margarida Gonçalves Saldanha. "Case Study : Hotel Investment & Development." Master's thesis, Instituto Superior de Economia e Gestão, 2016. http://hdl.handle.net/10400.5/13762.
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Mestrado em Finanças<br>Um caso de estudo do Vila Monte Farm House, um hotel de luxo localizado no Algarve, é apresentado e analisado de forma detalhada.
Nesta tese, o Discovery Portugal Real Estate Fund, um fundo imobiliário da private equity portuguesa Explorer Investments, tem de decidir se deve investir e reestruturar o Hotel Vila Monte. Adicionalmente, em caso afirmativo, também deve estimar qual o valor desse investimento.
O problema é apresentado de forma clara e sintética, sendo desenvolvida e proposta uma possível solução.
Começa por se analisar a indústria hoteleira, os seus fatores-chave e tendências, o estado geral da económica portuguesa e os intervenientes deste caso específico.
Ademais, foi aplicado um método de Cash Flows Descontados ("DCF"). De forma a verificar este resultado e tomar uma decisão de investimento totalmente informada foram calculadas múltiplas métricas, assumindo diferentes valores de investimento inicial para cada caso: Valor Atualizado Líquido ("VAL"), Taxa Interna de Rentabilidade ("TIR") e Período de Reembolso Descontado.
Finalmente, completou-se a análise aplicando múltiplos de mercado (rácios Preço-Resultado Líquido e Preço-Valor Contabilístico do Capital Próprio) e um resultado semelhante foi encontrado.
Em suma, concluímos que, de acordo com os nossos pressupostos, o Discovery Portugal Real Estate Fund deve investir na aquisição e reestruturação do Hotel Vila Monte, uma vez que tal cria valor para os acionistas deste fundo.<br>A case study of Vila Monte Farm House, a luxury hotel based in Algarve, is presented and thoroughly analysed. In this thesis, Discovery Portugal Real Estate Fund, a real estate fund from the Portuguese private equity firm Explorer Investments, is considering whether it should invest in the acquisition and subsequent restructuring of Vila Monte Hotel and, if so, by how much it is willing to purchase.
We present the problem in a clear and synthetized way and follow on by proposing a possible solution.
We begin by focusing on the hospitality industry, its key drivers and trends, the overall state of the Portuguese economy and the intervenient of this specific case. Furthermore, we employ a Discounted Cash Flows ("DCF") technique. In order to cross-check this result and to make a fully informed investment decision we compute multiple metrics, assuming different initial investment values in each case: Net Present Value ("NPV"), Internal Rate of Return ("IRR") and Discounted Payback Period.
Finally, we complete our analysis by applying market multiples (Price-Earnings and Price-to-Book ratios) and reach a similar result.
We conclude that, according to our assumptions, Discovery Portugal Real Estate Fund should invest in the acquisition and restructuring of Vila Monte Hotel, since it creates value to the fund's shareholders.<br>info:eu-repo/semantics/publishedVersion
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Doupovcová, Denisa. "Podnikatelský záměr." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2012. http://www.nusl.cz/ntk/nusl-223359.
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The subject of the thesis is to develop a business plan for a new squash center in the Vysocina region. The introductory part contains theoretical work, explains the basic concepts and specific business methods. The analytical part assesses market environment through external and internal analyzes. The final section focuses on the preparation of business plan itself, which is based on the current market situation. It also describes the implementation, complexity and risk assessment project, including project feasibility.
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Lisoňková, Lucie. "Návratnost investic spojených s výstavbou bytového domu v Luhačovicích a v Brně." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2015. http://www.nusl.cz/ntk/nusl-233187.
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The aim of this thesis is to evaluate the investment of apartment house and decide whether to sell or rent its housing units. The investment will be assessed in two different locales, Luhačovice and Brno-Žabovřesky. The issue is solved by comparison of market value, determined by three basic approaches of market valuation, the market value based on income approach and investment costs. The market value of housing units is the result of a weighted avarage method cost, comparative and income approach. The market value based on income approach is determined from net operating income, capitalization rate and the trend growth / decrease. Investment costs are based on the detailed budget. The results are analyzed in selected methods of financial planning such as net present value, internal rate of return and payback period. Part of the calculation of the financial planning are cash flows that are adjusted by projected annual growth trend.
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Cardholm, Lucas. "Adding value to business performance through cost benefit analyses of information security investments : MBA-thesis in marketing." Thesis, University of Gävle, Department of Business Administration and Economics, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-238.
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<p>The purpose of this thesis is to present an approach for good practice with regards to using cost benefit analysis (CBA) as a value-adding activity in the information security investment process for large enterprises. The approach is supported by empirical data.</p><p>From a MIO model perspective, this report is focused on the phase of strategic choices regarding organization, i.e. trying to find optimal investments for efficient operations. To assess, improve and monitor the operational effectiveness and management’s internal control environment is essential in today’s business execution. Executive management and boards are increasingly looking for an information security governance framework that encompasses information technology and information security: a single framework through which all information assets and activities within the organisation can be governed, to provide the optimum capability for meeting the organisation’s objectives, in terms of functionality and security.</p><p>The investment decision is one of the most visible and controversial key decisions in an enterprise. Some projects are approved, others are bounced, and the rest enter the organisational equivalent of suspended animation with the dreaded request from the decision makers to “redo the business case” or “provide more information.”</p><p>The concept of cost benefit analyses of information security helps management to make decisions on which initiatives to fund with how much, as there needs to be an approach for measuring and comparing different alternatives and how they meet business objectives of the enterprise. Non-financial metrics are identified using different approaches: governance effectiveness, risk analysis, business case analysis or game theory. The financial performance metrics are driven by the main value disciplines of an enterprise. These lead to the use of formulas enabling the measurement of asset utilisation, profit or growth: ROI (ROIC), NPV, IRR (MIRR), FCF, DCF, Payback Period, TCO, TBO, EVA, and ROSI.</p><p>The author shows research in the field of good corporate governance and the investment approval process, as well as case studies from two multinational enterprises. The case from Motorola demonstrates how IT governance principles are equally applicable to information security governance, while the case from Ericsson demonstrates how an information security investment decision can be supported by performing a cost benefit analysis using traditional marketing approaches of business case analysis (BCA) and standard financial calculations.</p><p>The suggested good practice presented in this thesis is summarised in four steps:</p><p>1. Understand main rationale for the security investment</p><p>2. Identify stakeholders and strategic goals</p><p>3. Perform Cost Benefit Analysis (non-financial and financial performance metrics)</p><p>4. Validate that the results are relevant to stakeholders and strategic goals</p><p>DISCLAIMER</p><p>This report is intended for academic training only and should not be used for any other purposes. The contents are not to be considered legal or otherwise professional advice. No liability is taken, whatsoever, by the author.</p>
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Chytil, Jaroslav. "Posouzení vhodnosti rekonstrukce průmyslového areálu z hlediska návratnosti investice." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2016. http://www.nusl.cz/ntk/nusl-241343.
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I concentrated on assessing the suitability of the reconstruction of the industrial complex in terms of return on investment. For illustration and example, I chose part of an industrial complex in Nova Ves near Pohořelic. The solution was used knowledge from the field of investments, valuation of immovable assets and budgeting reconstruction. The result is both evaluation using economic indicators (in this case, the net present value of the investment), which demonstrate the appropriateness (or inappropriateness) and the extent of reconstruction in terms of return on invested funds. This thesis is beneficial for the homeowners who are considering reconstruction and want to rent a property.
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Gottwald, Adam. "Hodnocení investičního záměru." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2020. http://www.nusl.cz/ntk/nusl-416779.
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The subject of the diploma thesis is the evaluation of a selected investment project of the company. The first part defines the theoretical basis, which describes the investments, financial analysis, investment evaluation methods, and risks, which form the basis for the processing of the analytical part. The second part deals with the basic financial analysis of the company in order to evaluate the financial condition of the company. Furthermore, the investment project itself is evaluated, where also risks are determined, from the perspective of cash flows and the implementation of the project. Finally, based on the performed analyses, the investment opportunity and its weaknesses are comprehensively evaluated, through which is recommended the implementation or rejection of the investment plan.
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Blažek, Pavel. "Investiční činnost zemědělského podniku AGRO BYSTŘICE, a.s." Master's thesis, Vysoká škola ekonomická v Praze, 2011. http://www.nusl.cz/ntk/nusl-125170.
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The goal of this Diploma Thesis is to evaluate the financial situation of agricultural company AGRO BYSTŘICE a. s. (JSC) in their investment decisions. The thesis has been divided into theoretical and practical parts. The theoretical part has been dealing with the investment's issues as well as with the profitability of investment projects. It continues with the subject of financial analysis and its individual indicators. The practical part concentrates on the company AGRO BYSTŘICE a.s. issues and its investment project. It evaluates the economic profitability of the given project by means of theoretical findings. It considers the results of financial analysis of the company before and after the implementation of investment project.
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Lopeňová, Silvia. "Hodnocení ekonomické efektivnosti investičního projektu." Master's thesis, Vysoké učení technické v Brně. Fakulta stavební, 2014. http://www.nusl.cz/ntk/nusl-226772.
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Every company which wants to be successful has to face a question of successful investment and increase of financial resources. Therefore, it is necessary to re-search and deal with investment opportunities. The aim of this thesis is to define and evaluate indicators of efficiency of investment into the multifunctional object in the area of Zázrivá-Terchová in Slovakia. The thesis describes the actual division of investments and the sources of funding In the first part. Further, it deals with a cycle of the project and describes its particular phases. The thesis also examines technical-economic study that is discussed according to its chapters. It focuses on the part Financial analysis and estimate of investment in which the description of a process of defining of specific economic indicators and their assessment is provided. The practical part begins with defining of investment expenses and continues with operational expenses and incomes. The next part discusses calculation of Cash Flow and particular indicators of the project. The conclusion evaluates the project and its efficiency.
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Chytil, Jaroslav. "Výběr nejvhodnějšího typu pronájmu." Master's thesis, Vysoké učení technické v Brně. Fakulta stavební, 2016. http://www.nusl.cz/ntk/nusl-240226.
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Price, value, evaluation of investment, payback period, net present value, lease, rent, sell, apartment, flat, taxation, revenue, expense I focused on choosing the best type of rent. For illustration and example, I chose an apartment in the Brno center. The solution was used knowledge from the field of investment and valuation of real property. The result is both an economic evaluation using indicators (in this case net present value of the investment), but also verbal assessment of individual options and their pros and cons. Rewarding this work can not only be for retail investors who prefer investing in "something tangible".
Book chapters on the topic "Investment payback period"
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Al-Habaibeh, Amin, Ampea Boateng, and Hyunjoo Lee. "Innovative Strategy for Addressing the Challenges of Monitoring Off-Shore Wind Turbines for Condition-Based Maintenance." In Springer Proceedings in Energy. Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-63916-7_24.
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AbstractOff-shore wind energy technology is considered to be one of the most important renewable energy source in the 21st century towards reducing carbon emission and providing the electricity needed to power our cities. However, due to being installed away from the shore, ensuring availability and performing maintenance procedures could be an expensive and time consuming task. Condition Based Maintenance (CBM) could play an important role in enhancing the payback period on investment and avoiding unexpected failures that could reduce the available capacity and increase maintenance costs. Due to being at distance from the shore, it is difficult to transfer high frequency data in real time and because of this data transferring issue, only low frequency-average SCADA data (Supervisory Control And Data Acquisition) is available for condition monitoring. Another problem when monitoring wind energy is the massive variation in weather conditions (e.g. wind speed and direction), which could produce a wide range of operational alerts and warnings. This paper presents a novel case study of integrated event-based wind turbine alerts with time-based sensory data from the SCADA system to perform a condition monitoring strategy to categorise health conditions. The initial results presented in this paper, using vibration levels of the drive train, indicate that the suggested monitoring strategy could be implemented to develop an effective condition monitoring system.
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Gün, Musa. "Valuation of Logistics Hubs." In Advances in Business Information Systems and Analytics. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-1086-5.ch015.
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Logistics structures playing significant roles in the economic development of countries are irreversible investments. The exact valuation of them could be difficult due to various uncertainties and problems. This chapter illustrates a methodological way to be able to make an investment decision about the creation of a logistics hub in Of-Iyidere region. Under given assumptions, the study findings indicate that (1) the investment has a positive net present value under three different cost of capital rates, which are 7.5%, 10%, and 15%; (2) the internal rate of return is 18.5%; (3) the payback period is 7 years 8 months; and (4) the discounted payback periods are calculated as 10 years 1 month, 11 years 3 months, and 14 years 11 months according to the aforementioned cost of capital rates. Moreover, the chapter discusses basic project valuation challenges and presents solutions to improve the practice of logistics hub appraisal. So, the paper exhibits an essential guidance and policy support tool to highlight the potential of logistics hub infrastructures in Turkey.
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Sinha, Ria, and Manipadma Datta. "Investment Appraisal of Sustainability Projects." In Social, Economic, and Environmental Impacts Between Sustainable Financial Systems and Financial Markets. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-1033-9.ch003.
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This chapter is an attempt to review the existing approaches in appraising sustainability projects using the conventional approaches of net present value (NPV) and introduce the modified forms of NPV (i.e., net present sustainable value [NPSV]). The chapter also elucidates on the prominent characteristics of sustainability projects and the inadequacy of traditional financial tools in appraising the same. Consequently, the need to transition from using only time value of money as in payback period approach to include opportunity costs as in NPV and furthering this approach to broaden the capital theory of sustainability by including both the time value of money and the opportunity costs has been strongly advocated. In addition to controlling the time value of money, risk-adjusted NPV measures are effective in evaluating sustainability projects. For assessment of renewable energy projects, real option analysis is suggested as an effective measure.
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Desai, Vijaya S. "Risk Analysis Using Simulation Software Applied on a Road Infrastructure Project." In Risk and Contingency Management. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-3932-2.ch006.
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Risk management in infrastructure projects has been a very important process to achieve the project objectives, namely: time, cost, quality, safety and environmental sustainability. Huge investments are made in infrastructure construction projects like roads, railways, ports, airports, electricity, telecommunication, oil gas pipelines and irrigation. This growing Increase in investment in infrastructure investment projects demands requires close monitoring of costs to ensure a net return. The evaluation of returns on investment at the conceptual stage plays a vital role in this phase. Software tools help in bringing out near accurate analysis of returns on investments and to support project viability under multiple circumstances. The paper presents an analysis of how software was applied to evaluate and mitigate risk during the case of a six lane road infrastructure project. The unit of analysis was the impact of cost of construction cost, interest rates for loans, methods of depreciation, revenue sharing on various financial indices: IRR, MIRR, DSCR and payback period. The interpretation was that software tools can be used to perform risk analysis, sensitivity analysis and scenario analysis. The case study makes a contribution to the body of knowledge by developing guidelines for using software tools in risk management.
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Ramesur, Taruna. "A Critical Assessment of the Evaluation Methods of ICT Investment." In Handbook of Research on E-Government in Emerging Economies. IGI Global, 2012. http://dx.doi.org/10.4018/978-1-4666-0324-0.ch007.
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With the aim of becoming a cyber island and making Information and Communications Technology (ICT) one of the main pillars of the economy, the government of Mauritius has been investing huge sums of money in ICT projects. For instance, in 2009 ICT investments accounted for 5.7% of the total share of the Gross Domestic Product (GDP). Given this situation, it becomes crucial to evaluate ICT investments, and as such, the main aim of this paper is to investigate the existing methods used in the evaluation of ICT investments in the public sector and propose a framework for the evaluation process. The main contribution of this work lies in the fact that evaluation of ICT projects in the public sector has remained an unexplored area, and even in the context of the private sector, most studies have concentrated on developed countries. The main results from the survey carried out in the 22 ministries reveal that Payback Period (PB) and Accounting Rate of Return (ARR) are the main financial criteria used for the evaluation. The survey also shows that the major factors, which are prioritised during evaluation process, are the relevant costs, risks, and benefits. Based on the research findings, this chapter also proposes a framework for evaluating investments in ICT projects by the public sector.
Conference papers on the topic "Investment payback period"
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Raiva, Tafadzwa, and T. C. Jen. "Solar Industrial Steam Production for Soap Manufacturing Factory: A Feasibility Study." In ASME 2017 International Mechanical Engineering Congress and Exposition. American Society of Mechanical Engineers, 2017. http://dx.doi.org/10.1115/imece2017-72368.
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Industrial use of electricity in South Africa accounts for the largest consumption fraction, and the industry has the least renewable energy resource penetration rate. In the soaps manufacturing industry, steam is used to dry the semi-liquid soap mixture into solid noodles in the dryers. This process consumes 63047tons of steam per year, and the steam is produced by boiling water in the boiler heated using biomass and heavy fuel oil (HFO). Feasibility of the system to produce industrial steam using solar energy was to be determined using two platforms: Cost feasibility and Area feasibility. Area feasibility refers to the determination of whether the space available for collector field installation can match the area required to meet steam load. The optimized simulation showed that the required collector area was 17500m2, while the maximum available area on the roof was 12000m2, which implies that the space would not fit the required installation. As for the cost feasibility, the system has to have a payback period of less than 5 years for it be considered feasible and thus can be funded. The cost of installation was estimated to be USD $4 million, with an annual savings rate of $329000, hence a payback period of 12.1 years, which would be regarded as a long period of time for a savings project, therefore would be difficult for it to be approved by the factory administration as it is considered that a payback period of at most 5 years is favorable and the investment would be approved.
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Fantozzi, Francesco, Bruno D’Alessandro, Daniela Leonardi, and Umberto Desideri. "Evaluation of Available Technologies for Chicken Manure Energy Conversion and Techno-Economic Assessment of a Case Study in Italy." In ASME Turbo Expo 2004: Power for Land, Sea, and Air. ASMEDC, 2004. http://dx.doi.org/10.1115/gt2004-54185.
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Chicken manure used as a natural fertilizer, given its high Nitrogen content, requires key actions in odor control that are often difficult to carry out resulting in an image loss for the company. Manure land-filling however is costly as well as incineration and this latter does still require odor control. Energy conversion from chicken manure may turn the cost into an earning that could payback both the investment and the image loss for odorous emissions. In this optic the paper analyses the different technologies that are available for energy conversion from chicken manure namely incineration, gasification, pyrolysis and anaerobic digestion with application to a real case. A large scale egg selling company in central Italy, with three production sites, was selected and its mass and energy flow balance assessed with particular reference to manure production and electricity consumption and expense. Five different technologies were then considered for energy conversion from chicken manure both for a single production site (microscale) and for the three (small scale). Grate incineration with steam production from exhaust gases was considered and discarded because of the too small scale. BTG gasification technology and IPRP pyrolysis technology presented by the authors, were evaluated and the techno-economic assessment showed interesting pay back time with medium to high investment costs and medium efficiencies. Pyrolysis technology with gas-steam combined cycle was considered but the economics show a very high pay back for the investment due to the small scale. Finally anaerobic digestion was evaluated showing the lowest investment cost and efficiency but an interesting payback period also considering that no public financing was considered. This latter solution has been presented to the company that will decide whether to finance the project.
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Almberg, Evan R., Michael P. Twedt, Christina Gerometta, and Stephen P. Gent. "Economic Feasibility of Corn Stover Torrefaction for Distributed Processing Systems." In ASME 2016 10th International Conference on Energy Sustainability collocated with the ASME 2016 Power Conference and the ASME 2016 14th International Conference on Fuel Cell Science, Engineering and Technology. American Society of Mechanical Engineers, 2016. http://dx.doi.org/10.1115/es2016-59530.
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This study investigated the economic feasibility of distributed or decentralized torrefaction bio-refining using corn stover feedstock to generate value added products. Distributed bio-refining systems would be able to operate on private farm and commercial scales, eliminating the need for large capital investment for large processing facilities and decreasing logistical concerns for harvesting and marketing corn stover. A techno-economic model was developed to analyze the economics of harvesting techniques, logistics, processing requirements, and end product utilization. With the model, a base case analysis was established to analyze average values and to create a basis in which to compare a variety of economic scenarios. A sensitivity analysis was also completed to investigate outcomes based on variability of crop yields and product price, as well as costs associated with harvesting stover, input for operating the torrefaction system, and capital costs of equipment. Results of the analyses were quantified with respect to input costs required to generate torrefied products, potential profit of processed products, and the payback period of the production and conversion system. Preliminary results indicated that processing corn stover feedstock within a distribution torrefaction bio-refining system had high potential, in terms of economic feasibility, over a wide range of scenarios. Results indicated that payback periods as low as five years were possible under a wide variety of applications and operating costs. In addition to operating economically, it was also shown that end products could have increasing profit potential as a value added product.
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Liu, Meng, Noam Lior, Na Zhang, and Wei Han. "Thermoeconomic Optimization of COOLCEP-S: A Novel Zero-CO2-Emission Power Cycle Using LNG (Liquified Natural Gas) Coldness." In ASME 2008 International Mechanical Engineering Congress and Exposition. ASMEDC, 2008. http://dx.doi.org/10.1115/imece2008-66467.
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This paper presents a thermoeconomic optimization of a novel zero-CO2 and other emissions and high efficiency power and refrigeration cogeneration system, COOLCEP-S† which uses the liquefied natural gas (LNG) coldness during its revaporization. It was predicted that at the turbine inlet temperature (TIT) of 900°C, the energy efficiency of the COOLCEP-S system reaches 59%. The thermoeconomic optimization determines the specific cost, the cost of electricity, and the system payback period. The optimization started by performing a thermodynamic sensitivity analysis, which has shown that for a fixed TIT and pressure ratio, the pinch point temperature difference in the recuperator, ΔTp1, and that in the condenser, ΔTp2, are the most significant unconstrained variables to have a significant effect on the thermal performance of this novel cycle. The thermoeconomic analysis of the cycle (with fixed net power output of 20 MW and plant life of 40 years) shows that the payback period with the revenue from electricity and CO2 mitigation was ∼5.9 years, and would be reduced to ∼3.1 years when there is a market for the refrigeration byproduct. The capital investment cost of the economically optimized plant is estimated to be about $1,000/kWe, and the cost of electricity is estimated to be 0.34–0.37 CNY/kWh (∼0.04 $/kWh). These values are much lower than those of conventional coal power plants being installed at this time in China, which, in contrast to COOLCEP-S, do produce CO2 emissions at that.
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Mohd Nordin, Ahmad Syahmi, and Ahmad Fateh Mohamad Nor. "Development of Graphical User Interface (GUI) Platform for Sizing A Grid-Connected Photovoltaic (PV) System." In Conference on Faculty Electric and Electronic 2020/1. Penerbit UTHM, 2020. http://dx.doi.org/10.30880/eeee.2020.01.01.003.
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The research presented in this project focuses on the development of a Graphical User Interface (GUI) platform for sizing a grid-connected Photovoltaic (PV) System. The GUI is designed to have the capability to sizing the load consumption and determine the usage of every component for the grid-connected PV system, costing and return on investment (ROI). System sizing is vital because to ensure all the equipment that is used not producing extra energy needed which related to the costing and ROI. This GUI can show all the procedures system sizing from load consumption until the return on investment of the single-storey terrace house. The GUI is created by using the MATLAB Software application, which is GUIDE. The generated result from GUI application needs to correspond with the manual calculation to ensure the process of sizing the grid-connected PV system can be used for this project. Hence, it is important to do the correct sizing because the total payback period depends on total monthly saving and total cost of the PV system installation.
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Doiphode, Ganesh, Hamidreza Najafi, and Mariana Migliori Favaretto. "Energy Efficiency in K-12 Schools: A Case Study in Florida." In ASME 2020 14th International Conference on Energy Sustainability. American Society of Mechanical Engineers, 2020. http://dx.doi.org/10.1115/es2020-1632.
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Abstract Buildings are one of the largest energy consumers in the United States. K-12 schools are responsible for nearly 8% of energy consumption by commercial buildings which is equivalent to 1.44% of total annual energy consumption in the country. Understanding the baseline energy consumption of the schools as well as identifying effective energy efficiency measures (EEMs) that result in significant energy savings without compromising occupant’s comfort in a given climate condition are essential factors in moving towards a sustainable future. In a collaboration between Florida Institute of Technology and Brevard Public Schools, three schools are identified for a test study in Melbourne, FL, representing the humid subtropical climate. Energy audit is conducted for these schools and monthly utility bill data as well as background information, end-user’s data and their associated operating schedules are obtained. A detailed analysis is performed on the utility bill data and energy consumption by each end-user is estimated. Several EEMs are considered and evaluated to achieve an improved energy efficiency for the schools. The implementation cost of each EEM and the associated simple payback period is also determined. A study is also conducted to explore possibility of using solar power to cover 50% of energy requirements of each school and the cost and payback period of the project are evaluated. The results of this paper provide insights regarding prioritizing energy efficiency projects in K-12 schools in humid subtropical climates and particularly the state of Florida and help with decision making regarding investment in on-site power generation using solar energy.
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Arcioni, Livia, Alessandro Corradetti, Umberto Desideri, Stefania Proietti, Paolo Pogliano, and Giuseppe Caspani. "Techno-Economic Analysis and Comparative Evaluation of the Use of Gas Turbines and Reciprocating Engines in Small Scale Applications of Industrial Cogeneration." In ASME Turbo Expo 2007: Power for Land, Sea, and Air. ASMEDC, 2007. http://dx.doi.org/10.1115/gt2007-27726.
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This paper presents the results of a research made by University of Perugia in collaboration with Energia Spa (now Sorgenia Spa). Various analysis have been carried out to determine the techno-economic feasibility of industrial CHP plants. Due to the particular field of application, the installation of a gas turbine has been considered and compared to the traditional internal combustion engine (ICE), both being characterized by an electrical power lower than 2 MW. The feasibility study has been made in two different way: an analytical study and a simplified approach elaborated to have a first approach formula for the installation of CHP Plant. The results confirmed that IC is more convenient, giving lower payback period for the investment for this typology of installation. We present also the sensitivity analysis to determine the minimum value over that the installation of gas turbine can become convenient.
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Batista Gomes, Eli Eber, Marco Antoˆnio Rosa do Nascimento, and Electo Eduardo Silva Lora. "Case Studies of Distributed Generation Projects With Microturbines in Brazil." In International Joint Power Generation Conference collocated with TurboExpo 2003. ASMEDC, 2003. http://dx.doi.org/10.1115/ijpgc2003-40181.
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Microturbines have showed good perspectives for the distributed generation of the electricity in low capacity range, because they have high reliability and simple design (high potential for a cheap manufacture and in large scale). Besides, this technology must have a great application in systems of cogeneration of the public service (malls, hotel, hospital, etc.) and in the distributed generation of the electricity in the developing countries in order to get a reliable operation system, in a range of power compatible with the isolated communities. In Brazil, The Thermal Systems Study Group (NEST) of Federal University of Itajuba´ (UNIFEI) sponsored by The Energy Company of Minas Gerais (CEMIG), are developing a project of experimental valuation of the system with microturbines for electricity generation fueled with natural gas and diesel. The objective of this paper is to show an economic evaluation which presents the generation costs and the payback period with the Capstone 30 kW natural gas microturbines business in three cases: microturbines operating on base load in gas station, microturbines operating on peak shave in the industry and a microturbine cogeneration system operating in the residential segment. It was considered the cost of microturbines at this moment and the projection for the future, as well as the cost of electricity and natural gas in Brazil. An economical analysis was carried out for different variables involved and the results show the Capstone 30 kW natural gas microturbines business are feasible firstly in cogeneration cases which is possible to get until 3 years of payback period. Besides, the return on the investment have shown improvements with the incentive of the natural gas distributing companies and with the rises in the electricity price of Brazilian utilities.
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Kwak, Ho-Young, and Si-Doeck Oh. "Optimal Planning and Economic Evaluation of Small Scale Cogeneration System." In ASME 2005 International Mechanical Engineering Congress and Exposition. ASMEDC, 2005. http://dx.doi.org/10.1115/imece2005-80685.
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Cogeneration plants, which simultaneously produce electricity and heat energy have been introduced increasingly for commercial and domestic applications in Korea because of their energy efficiency. The optimal plant configuration of a specific commercial building can be determined by selecting the size and the number of cogeneration systems, auxiliary equipment based on the annual demands of electricity, heating and cooling. In this study, a mixed-integer, linear programming, utilizing the branch and bound algorithm was used to obtain optimal solution. Both the optimal configuration system equipment and the optimal operational mode were determined based on the annual cost method for installation of a cogeneration system to a hospital and a group of apartments in Seoul, Korea. In addition, the economic evaluation for the optimal cogeneration system depending on the fuel tariff system was calculated. A short payback period and a high internal rate of return on the initial investment were found to be essential for the adoption of cogeneration plants to hospitals and apartments.
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ADAMONYTĖ, Inga, Algis KVARACIEJUS, and Gitana VYČIENĖ. "ECONOMICAL EVALUATION AND POTENTIAL ENVIRONMENTAL EFFECTS OF HYDROKINETIC ENERGY TECHNOLOGIES." In Rural Development 2015. Aleksandras Stulginskis University, 2015. http://dx.doi.org/10.15544/rd.2015.065.
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An analysis of the impact of hydrokinetic energy technology schemes has been carried out on the following river parameters: water quality, the riverbed and bank stability, sediment dynamics, coastal and aquatic vegetation, fish communities, noise, aesthetics, fishing and riverbed practicability (kayaks and barges). Hydrokinetic energy generation technologies are compared to conventional tidal technologies. Each parameter assessed was evaluated for minor, notable, high, and very high likelihood of constant and temporary exposure. Subordinate elements, such as aesthetics, fishing, and river practicability were determined to be the greatest possible use of hydrokinetic energy schemes in the world rather than river ecosystem elements. The researchers carried out an approximate assessment of the economic indicators because Lithuania does not operate hydrokinetic power plants. An assessment of reduced investment and electricity market energy purchase price indicates that the approximate payback period is six years and the net present value in the seventh year of operation is EUR 7,450.
Reports on the topic "Investment payback period"
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McGill, Karis, and Eleanor Turner. Return on Investment Analysis of Private Sector Facilitation Funds for Rwandan Agribusinesses. RTI Press, 2020. http://dx.doi.org/10.3768/rtipress.2020.rr.0042.2008.
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This study analyzes the return on investment for an agribusiness facilitation fund implemented in Rwanda. Combining project monitoring data with supplementary surveys and interviews of recipient agribusinesses, we find a positive return on investment in terms of farmer income generated per dollar spent by the US government. To determine the commercial viability of the investments, we estimate the payback period and find the median time it will take a firm to recoup the entire investment through profits is 3.7 years. We estimate the net present value of the entire fund portfolio to be $12.5 million. These estimates rely on conservative assumptions and likely underrepresent the profitability of the investments. Given the positive returns and commercial viability of the agribusinesses, we examine the fund’s role as a first step to “graduate” firms toward investment readiness. Although three firms did access equity investment, we find that the majority of the businesses in the portfolio do not meet investor requirements for deal size and management capacity and are more appropriately financed by commercial lenders. We conclude with recommendations for the implementation and measurement of similar funds.