Feasibility Analysis of an Automatic Mechanical Spray Arm Development for Orchid Farm

N. Dawcharoen, N. Pinij, S. Pullteap

Abstract


Abstract—In this paper, a feasibility analysis of an automatic mechanical spray arm development for the orchid farm has been proposed. A fundamental of economic tools cooperated with a Google Sheets programming has, consequently, been utilized for data analysis. However, the important parameters such as the net present value (NPV), internal rate of return (IRR), benefit-cost ratio (BCR), and also payback period (PB) have been used as the factors for deciding the project investment. By using the project income, initial costs, production costs, maintenance costs, and marketing costs as input data, the output result of NPV is indicated of 36,848.66 THB. Moreover, the IRR, BCR and also PB are resulted of 22.47%, 1.21, and also 1.87 years respectively. According to the results as mentioned above, we might summarized that the proposed project is feasible to invest and also the Google sheets program is a capable to use as a financial tool of the project.
Keywords-component; Feasibility analysis; economic tools; spreadsheet program, investment cost


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References


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