Sensitivity of Patchouli Oil Refining Business (Case Study: Patchouli Oil Agro, Tompira, North Morowali) H Sultan1, M Iryansah1, A Lamusa1
1Agribusiness Study Program, Faculty of Agriculture, Universitas Tadulako
email: hardiyantisultan91[at]gmail.com
Abstract
Abstract. Patchouli oil is a type of essential oil that is obtained by distilling all parts of the patchouli plant. This oil has good prospects in several industry such as perfume industry, cosmetics, insect repellent and others. Although this commodity has potential opportunities in foreign markets, several problems were found in oil refining such as unstable raw material prices and transportation costs. This research was conducted at the Agro Patchouli Oil Refining Business located in Tompira Village, Petasia Timur District, North Morowali Regency. The determination of refining business is done purposively. There are two data used in this study, primary data and secondary data. The analysis used to determine the objectives to be achieved in this study is Sensitivity Analysis taking into account Net Present Value (NPV), Internal Rate of Return (IRR), and Net Benefit Cost Ratio (Net B/C). The result of calculating the positive NPV value is Rp. 31,450,688, the IRR value is 25.80% and the Net B/C value is 1.28. Sensitivity analysis shows that the Agro Patchouli Oil Refining Business still provitably even though transportation costs have increased by 33% or the greatest change in patchouli raw material prices is 5%.
