DUDDY ROESMARA DONNAANALISIS KELAYAKAN PROYEK GIZIKRITERIA INVESTASI1. Payback Period. Ne! Pre"e#! Va$%e &NPV'(. Gro"" )e#e*! +o"! Ra!io# &G)+R',. I#!er#a$ Ra!e o- Re!%r# &IRR'.. Se#"i!i/i!y A#a$y"i"Payback PeriodMe!ode i#i 0e#1%k%r "ebera2a ce2a! i#/e"!a"i bi"a ke0ba$i. Sa!%a# 3a"i$#ya b%ka# 2re"e#!a"e4 !e!a2i "a!%a3 5ak!% &b%$a# a!a% !a3%#'. 6ika 2eriode#ya $ebi3 2e#dek dari ya#1 di"yara!ka#4 0aka 2royek $ayak di7a$a#ka# &0e#1%#!%#1ka#' da# 7ika "eba$ik#ya !idak $ayak di7a$a#ka#.Net Present Value (NPV)Ke%#!%#1a# ber"i3 "%a!% %"a3a ada$a3 2e#da2a!a# br%!o dik%ra#1i biaya. NPV 0e#da"arka# 2ada ke%#!%#1a# ber"i3 "eb%a3 %"a3a. NPV 0e02%#yai -or0%$a8)9 be#e*! "o"ia$ br%!o+9 biaya "o"ia$ br%!oi 9 social opportunity cost of capital ya#1 di1%#aka# "eba1ai social discount rate! 9 %r%!a# !a3%# &!a3%# ke:!'S%a!% 2royek $ayak di7a$a#ka# &0e#1%#!%#1ka#' 7ika #i$ai NPV:#ya $ebi3 a!a% "a0a de#1a# #o$.Gross Beneft Cost Ratio (GBCR)Ser%2a de#1a# NPV4 Gro"" )e#e*! +o"! Ra!io 0e#da"arka# 2ada 2e#da2a!a# br%!o da# biaya. ;or0%$a G)+R ada$a38)9 be#e*! "o"ia$ br%!o+9 biaya "o"ia$ br%!oi 9 social opportunity cost of capital ya#1 di1%#aka# "eba1ai social discount rate! 9 %r%!a# !a3%# &!a3%# ke:!'S%a!% 2royek $ayak di7a$a#ka# &0e#1%#!%#1ka#' 7ika #i$ai NPV:#ya $ebi3 a!a% "a0a de#1a# "a!%.Internal Rate of Return (IRR)Seba1ai 2ara0e!er ke$ayaka# da2a! di1%#aka# a#a$i"i" Internal Rate of Return &IRR' de#1a# a$a"a# ba35a a#a$i"i" IRR !er"eb%! da2a! 0e5aki$i a#a$i"i" ke$ayaka# eko#o0i $ai##ya "e2er!i Net Present Value &NPV'4 Beneft-Cost Ratio &)+R'. Internal Rate of Return &IRR' ada$a3 !i#1ka! 2ro*!abi$i!a" 0oda$ ya#1 di!a#a04 baik 0oda$ "e#diri 0a%2%# 0oda$ 2i#7a0a# a!a% b%#1a 0ak"i0%0 "e$%r%3 0oda$ ya#1 0a"i3 da2a! dibayar o$e3 3a"i$ 2royek. IRR 0er%2aka# #i$ai discount rate i ya#1 0e#yebabka# #i$ai NPV "a0a de#1a# #o$.IRR 7%1a da2a! dia#11a2 "eba1ai !i#1ka! ke%#!%#1a# dari i#/e"!a"i ber"i3 "%a!% 2royek. IRR da2a! di3i!%#1 de#1a# cara8 IRR 9 #i$ai internal rate of return da$a0 2er"e#!a"eNPV19 Ne! Pre"e#! Va$%e 2er!a0a 2ada discount rete 2er!a0a&!erkeci$'NPV

9 Ne! Pre"e#! Va$%e ked%a 2ada discount rate ked%a &!erbe"ar'i19 !i#1ka! "%k% b%#1a a!a% discount rate 2er!a0ai

9 !i#1ka! "%k% b%#1a a!a% discount rate ked%a6ika #i$ai IRR "a0a a!a% $ebi3 be"ar dari #i$ai ke%#!%#1a# ya#1 di"yara!ka#4 0aka "%a!% 2royek di#ya!aka# $ayak da# "eba$ik#ya. Pada %0%0#ya ke%#!%#1a# ya#1 di"yara!ka# &discount factor' dida"arka# 2ada !i#1ka! "%k% b%#1a ya#1 ber$ak% "eba1ai social opportunity cost.) (X ) (1 211 2 1NPV NPVNPVi i i IRR + =Sensitivity AnalysisSensitivity analysis di$ak%ka# %#!%k 0e$i3a! a2aka3 "%a!% 2royek "e#"i!i- !er3ada2 2er%ba3a# 2e#da2a!a# da# 2er%ba3a# biaya. A#a$i"i" "e#"i!i/i!a" di$ak%ka# de#1a#"ke#ario4 yai!%8Pe#da2a!a# !%r%#4 biaya !e!a2.Pe#da2a!a# !e!a24 biaya #aik.Naik !%r%##ya 2e#da2a!a# a!a% biaya ya#1 di1%#aka# bia"a#ya .= a!a% 1>=.