114-1
PERTEMUAN 9-10
IMPLEMENTASI ANALISIS
EKONOMIS
214-2
TIK
• Mahasiswa mampu menghasilkan analisis
ekonomi produk baru.
314-3
Present Worth Analysis
• Menggambarkan Project
Cash Flows
• Metoda Untuk Initial Project
Screening
• Present Worth Analysis
• Variasi dari Present Worth
Analysis
• Membandingkan Alternatif
Mutually Exclusive
414-4
Bank Loan vs. Investment Project
•
Bank Loan
Loan
Customer
Bank
Repayment
•
Investment Project
Investment
Project
Company
Return
514-5
Penjelasan Project Cash Flows
Year
(n)
Cash Inflows
(Benefits)
0
0
1
Cash
Outflows
(Costs)
Net
Cash Flows
$650,000
-$650,000
215,500
53,000
162,500
2
215,500
53,000
162,500
…
…
…
…
8
215,500
53,000
162,500
614-6
Mengukur Net Present Worth
•
Prinsip: Hitung equivalent net surplus pada n = 0 untuk
tingkat bunga i.
•
Keputusan : Terima proyek jika net surplus nilainya positif
Inflow
0
1
2
3
Outflow
4
5
Net surplus
PW(i)inflow
0
PW(i)outflow
PW(i) > 0
714-7
Contoh – Perusahaan Tiger Machine Tool
inflow
$24,400
$27,340
0
outflow
1
$55,760
2
3
$75,000
PW (15%) inflow  $24,400( P / F ,15%,1)  $27,340( P / F ,15%,2)
$55,760( P / F ,15%,3)
 $78,553
PW (15%) outflow  $75,000
PW (15%)  $78,553  $75,000
 $3,553  0, Accept
814-8
Present Worth Profile
40
Reject
Accept
30
PW (i) ($ thousands)
20
Break even interest rate
(or rate of return)
10
$3553
17.45%
0
-10
-20
-30
0
5
10 15
20
25
i = MARR (%)
30
35
40
914-9
Kriteria Future Worth
• Diberikan: Cash
flows dan MARR
(i)
• Dapatkan: Net
equivalent worth
pada akhir Waktu
0
project
$24,400
1
$55,760
$27,340
2
3
$75,000
Project life
14-10
10
Konsep Kestimbangan Proyek
N
0
1
2
3
Kesetimbangan
Awal
-$75,000
-$61,850
-$43,788
Interest
-$11,250
-$9,278
-$6,568
Pembayaran
-$75,000
+$24,400
+$27,340
+$55,760
Kesetimbangan
Proyek
-$75,000
-$61,850
-$43,788
+$5,404
Net future worth, FW(15%)
PW(15%) = $5,404 (P/F, 15%, 3) = $3,553
14-11
11
Summary
…