FINANCIAL FEASIBILITY OF CARGO BUSINESS IN PT BANDARUDARA INTERNASIONAL JAWA BARAT

• Main Author: DWI ARDIYATI 29116379, NOVY
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/29744
• Institution: Institut Teknologi Bandung

PT Bandarudara Internasional Jawa Barat (PT BIJB) is a regional-owned enterprise that just started operations on May 24, 2018. As a newly operated airport, PT BIJB has a core business and supporting business. The core business of BIJB airport is already running, however, there is a problem faced by PT BIJB which is because this airport newly operated and still experiencing a loss. Therefore, in order to expand the company's business and cover the losses in the previous year, PT BIJB plans to make a cargo business. <br /> <br /> This project is to determine whether the cargo business is feasible or not. Initial Investment owned by PT BIJB for this cargo project amounted to Rp 100,000,000,000 with operating target running in December of 2018. The financial aspects of Net Present Value (NPV), Internal Rate Return (IRR), Payback Period (PBP), Profitability Index (PI) and other measurements were used to determine the most sensitive factors for NPV by using sensitivity analysis with Monte Carlo Simulation. <br /> <br /> The results from this financial feasibility study are: NPV of Rp 46,267,419,358; IRR of 16.25%; PBP of 6 Years 1 Month; PI of 1.46. It can be concluded cargo project is feasible. Based on the sensitivity analysis, the most sensitive factor of this project is the growth of domestic cargo. Then, the Monte Carlo simulation showed that the percentage possibility of PT BIJB got negative NPV is 14.658% and the percentage chance of PT BIJB get NPV higher than the base of NPV is 1,713%. <br />