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Economic Analysis of A Business Model of An Inclined Solar Dryer

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Title Economic Analysis of A Business Model of An Inclined Solar Dryer
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Creator A. K. Singh
Surendra Poonia
Dilip Jain
Digvijay Singh
 
Subject Techno-economic evaluation
Business model
Solar dryer
 
Description Not Available
The development of any region depends on its energy consumption. Conventional sources of energy generally lead to the emission of greenhouse gases, which in turn pollute the environment. It is therefore the need of the day to resort to a green energy source, which will help mitigate the CO2 emission and make the environment less polluted. Given this, an economic analysis of a business model for the fabrication of an inclined solar dryer was considered. It will not only fetch income but also generate employment and mitigate CO2 emissions. Therefore, the economic evaluation of the business of fabricating solar dryers was carried out. The values of economic parameters were determined and found very encouraging. In addition, the value of the Break-even point was also
determined which came to 37 units which is equal to 111 dryers. The economic parameters were determined for fabricating 300 solar dryers annually. The net average annual benefit accrued from this business fabricating 300 solar dryers annually is INR 2,17,672. The values of other 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 0.47 yr., 225%, INR 1334026, and 13.8, respectively. In addition, this business can play a vital role not only in income generation but also in generating employment for four persons.
Not Available
 
Date 2023-04-07T06:18:26Z
2023-04-07T06:18:26Z
2022-12-28
 
Type Research Paper
 
Identifier Not Available
Not Available
http://krishi.icar.gov.in/jspui/handle/123456789/76754
 
Language English
 
Relation Not Available;
 
Publisher Royal Association for Science-led Socio-cultural Advancement (RASSA)