Muhammad I. Maulana, Asep Bayu D. Nandiyanto, Vol. 1, No. 4, pp. 7-15, Dec. 2019
10.22662/IJASC.2019.1.4.007, Full Text:
Keywords: Economic evaluation, feasibility study, different solvents, lanthanum cobaltite nanoparticles, perovskite.

Abstract

Background/Objectives: This study aims to investigate the feasibility of undertaking an economic evaluation of different solvents in the production of LaCoO3 NPs prepared by the co-precipitation method. Methods/Statistical analysis: Several economic evaluation parameters were calculated in an ideal condition. Findings: The result showed that the production of LaCoO3 NPs is prospective to be carried out for more than 20 years. The GPM, PBP, CNPV/TIC, and PI showed positive while BEP, BEC, ROI, and IRR were negative. The NPs with aquadest solvent were better than ethanol and ethylene glycol. To confirm its feasibility, these calculations were varied by changing raw materials-sales and income tax costs. Changing raw materials-sales confirmed that the NPs with aquadest can maintain the GPM for increasing raw material up to 300% and decreasing sales up to -100%. The NPs with aquadest and ethanol solvents can survive up to 75% of increasing income tax while ethylene glycol is only less than 50%. Improvements/Applications: This study is very useful for predicting the feasibility in carrying out a project that produces LaCoO3 NPs.

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