Estimation of a business model of Animal feed solar cooker for entrepreneurship development

Abstract

The development of a region requires high consumption of energy. The conventional sources of energy are responsible for leading to pollution. It is therefore the need of the day to use renewable energy source, which reduce the CO2 emission and make the environment green. In view of this, cost-economics of a business model for fabrication of AFSC was carried out. It ensures profit, employment and reduces CO2 emission. Therefore the cost-economics of the business of fabricating animal feed solar cooker (AFSC) was carried out. The economic attributes such as NPV, IRR etc. were considerably high. The value of Break-even point comes to 172 units. The economic attributes were computed for producing 300 animal feed solar cookers annually. The net average annual benefit accrued from this business was ₹ 682220. The values of economic attributes, such as pay-back period (PBP), internal rate of return (IRR), net present value (NPV) and benefit cost ratio (BCR) were found to be 0.16 yr, 670%, ₹ 4650690 and 1.26, respectively. In addition, this business ensures high profit and employment to four persons.