• Mimit Primyastanto posted an update 6 days, 19 hours ago

    FEASIBILITY STUDY OF FISH CAPTURE WITH PAYANG
    TOOL BEFORE USING ELECTRONIC ONJHEM FADS IN
    MADURA STRAIT INDONESIA
    Mimit Primyastanto
    Abstract: Study on fish capture with payang tool was done in Madura Strait, East Java. This
    study was done to determine the feasibility of fish capture with payang tool before using Fish
    Aggregating Devices (FADs) of Electronics Onjhem. This study aims were: (a) to analyze the
    short-term of R/C level, Profitability, Rentability, and BEP for fish capture with payang tool
    before using Fish Aggregating Devices (FADs) of Electronics Onjhem in Madura Strait. (b)
    To analyze the long term feasibility using Net Present Value (NPV), Net B/C, Internal Rate
    of Return (IRR) and Payback Period (PP) of fish capture with payang tool before using Fish
    Aggregating Devices (FADs) of Electronics Onjhem in Madura Strait. This study uses
    descriptive method of qualitative and quantitative survey research techniques. The data
    collected are primary and secondary data. Short-term analysis was conducted on revenue cost
    ratio (R/C), business profits, Rentability and BEP Analysis results of R/C is 1.6524, Profit
    from operations is IDR 207,380,400.00 annually, Rentability is 65.2419% and BEP is
    4,455.87 kg. Long-term analyses show the Net Present Value (NPV) is 655,661,472.00. Net
    B/C is 15.39, Internal Rate of Return (IRR) is 417,35% and Payback Period (PP) is 0.61 or 3
    years 6 months faster than grace period of 5 years.
    Keywords: Feasibility Study (R/C, BEP, NPV, Net B/C, IRR), payang, Madura, Fish
    Aggregating Devices (FADs).
    1. INTRODUCTION
    1.1 Background
    By comparing the value of catch obtained from the exclusive economic zones
    (EEZ) of countries where both these conditions are met with those countries,
    where this is not the case (Diekert. F.K. et al, 2010). Indonesia is known as a
    maritime country and largest archipelago in world, with marine area and
    including Indonesian exclusive economic zone (IEEZ) approximately 5.8
    million square kilometers or 75% of total Indonesia area. Indonesia is the
    world’s sixth largest fish producer with volume production of six million
     Lecturer at Faculty of Fisheries Socioeconomic, Brawijaya University, Malang, Indonesia
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