IOP Conference Series: Earth and Environmental Science, vol: 246,1 (2019)
Feasibility Study of Sea Cucumber Cultivation Investment in Karimunjawa Islands, Jepara Regency
Suryono, Suryono C.A., Wibowo E., Santoso A., Nur Taufik S.P.J.
Abstract
The study of sea cucumber cultivation investment in Karimunjawa Islands is one of the efforts for investment promotion in the study region. This study will make the investment opportunities become more focused and sharp, so it will be easier for investors to execute their investment interest. The purpose of this study is to provide initial information for investors about business opportunities of Sea Cucumber farming as a very feasible investment opportunity. The method used in this study was the survey method, and descriptive analysis was conducted to acceess investment opportunities. The result showed that the feasibility of Sea Cucumber cultivation has scored higher than 1, that means the activity was feasible. The financial analysis showed that investment of sea cucumber cultivation in Karimunjawa Islands, Jepara regency is very prospective and has a fairly high chance to succeed as a business investment. This can be seen from benefit-cost ratio (BCR) = 1,87; BCR > 1 ; ROI (Return Of Investment) = 67,98 %; Payback Period is 10,29 months; the Net Present Value (NPV) > 0 is equal to 21,027.571, and Profitability Index (PI) value greater than 1, which is 1,957321706; IRR (Internal Rate Of Return) = 38 %. It can be concluded that all these choices on the investment plan are feasible to run and to obtain more prospective advantageous. All examined aspects of Sea Cucumber cultivation in Karimunjawa Islands, Jepara regency gave results that investment activity is able to be executed. © 2019 IOP Publishing Ltd.
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