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Financial and economic analyses of conventional and new technology harvesting systems


Citation

Abdul Samad, Abdul Rahim and Othman, Mohd Shahwahid (2010) Financial and economic analyses of conventional and new technology harvesting systems. In: 2010 International Conference on Financial Theory and Engineering (ICFTE 2010), 18-20 June 2010, Dubai, United Arab Emirates. (pp. 180-184).

Abstract / Synopsis

This paper examine the various committed new technology and improve logging activities ascribed in the 'Logfisher' Practice (LP) rather than Conventional Practice (CP). The result of cost analysis shows that the cost constitutes under LP is higher than under CP. Incremental average per ha total cost rose by 46.86% to RM13,576/ha. While the incremental average per m3 total cost increased by 57.41% to RM267.80/m3. Hence, CP was slightly more profitable and exceeds the Net Present Value (NPV) of LP. Similarly, the Benefit-Cost Ration (BCR) for CP is better than LP. On the other hand, the result of the economic analysis of 40-year period showed that the LP system (NPV = RM9302/ha) provided a higher level of overalls benefits and welfare to the society as a whole as opposed to CP (NPV = RM8497/ha).


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Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.1109/ICFTE.2010.5499401
Publisher: IEEE
Keywords: 'Logfisher' Practice (LP); Conventional Practice (CP); Logfisher; Net Present Value (NPV)
Depositing User: Nabilah Mustapa
Date Deposited: 03 Aug 2016 16:08
Last Modified: 03 Aug 2016 16:08
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1109/ICFTE.2010.5499401
URI: http://psasir.upm.edu.my/id/eprint/48140
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