Economic Worthiness Analysis of Smart Nursery Frog Project (Hoplobatrachus rugulosus)
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Abstract
The objective of this research was to compare economic worthiness of smart and traditional nursery frog projects. Both projects were 20 cement ponds with 2x3x0.8 meters. The research methods were defining and collecting costs and benefits of 15 project year with 9% discount rate, comparaing Net Present Value (NPV), Benefit Cost Ratio (BCR),Economic Internal Rate of Return (EIRR) and sensitivity of the smart and traditional nursery frog projects. The results found that the smart andtraditional nursery frog projectswere economicworthiness. The economic worthiness indicators of smart nursery frog projectwere Net Present Value (NPV) of 346,954.77 Baht, Benefit Cost Ratio (BCR) of 1.40, Economic Internal Rate of Return (EIRR) of 31.49%. The economic worthiness indicators oftraditional nursery frog projectwere Net Present Value (NPV) of 223,835.40 Baht, Benefit Cost Ratio (BCR) of 1.36 and Economic Internal Rate of Return (EIRR) of 25.30%.
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