Category Archives: Week 11

W11.1_WAS_MARR based on full equity fund for Takoyaki


1. Problem Statement

For the follow up of CfH comment about my Week 11th Blog posting, in this posting I will discuss about the value of Minimum Attractive Rate of Return (MARR) as our basis to determine will a project be profitable or not?

There is a minimarket which has a big parking lot near to my house. Many food truck services park their “truck” there, from Kebab, meatball, noodles, to snow ice. Residential usually buy a snack in those food trucks when shopping at the minimarket. I wonder to make my own food truck, and I need to make sure that this business is feasible to proceed.

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Filed under Week 11, Wirawan ASP

W11_WAS_Takoyaki


Problem Statement

There is a minimarket which has a big parking lot near to my house. Many food truck services park their “truck” there, from Kebab, meatball, noodles, to snow ice. Residential usually buy a snack in those food trucks when shopping at the minimarket. I wonder if I make my own food truck, will it be profitable or not?

Image

Continue reading

1 Comment

Filed under Week 11, Wirawan ASP

W11_AEP_Rebaselining the well work operation using Earned Value


Problem identification

Although earned value (EV) offering a new paradigm on well servicing operation monitoring to measure its performance, the operation itself still contain uncertainties. Well servicing is not a fixed project as the project done on the surface. When we’re working subsurface beneath the ground, so many uncertainties haunts the operation.

A workover operation was performed to shut off the watered formation and recomplete to produce the oil from the same formation. Recompletion means to change all existing completion string and replace with the new one. Unfortunately, we found difficulties when millng and fishing the packer which extends the duration and of course the cost. Decision was made to continue the operation. Looking at the progress and the performance, revision to the program is a necessity.

The EV approach is challenged to help us create and monitor the revised budget and duration.

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Filed under Afriandi EP, Week 11

W11_TOM_Finalizing Our Lovely House Brownfield Project WBS and Risk Register


1. Problem Definition

Refer to my W10 Blog (https://simatupangaace2014.wordpress.com/2013/11/09/w10_tom_developing-wbs-risk-register-for-our-lovely-house-brownfield-project-by-using-humphreys-earned-value-project-management-technique/) that Our Lovely House Renovation Project WBS and Risk Register have been drafted and further in this W11 blog I will finalize the WBS and the Risk Register.

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Filed under Tommy Edward, Week 11

W11.1_SSD_Selection of Solar Photovoltaic System Based on Payback Period


  1. Problem Definition

In this blog I am going to do find out the Payback Period for my PV installation, based on the data that I had used for my W4 Blog. With this Blog, I also would like to use this blog to claim for Problem Solving Work for Engineering Economic Chapter 5 Evaluating a Single Project.

The Payback Period Method calculates the number of year for the cash inflow to just equal to the cast out flow. The Simple Payback Period calculation, which ignores the time value of money, is based on the following formula:

                                    (1-1)

Rk = excess of revenue over expenditure in period k;

Ek = excess of expenditure over revenue in period k;

Ɵ = payback period

I = capital investment at k=0

For Discounted payback Period calculation, which considers the time value of money, the calculation is based on the following equation:

                                (1-2)

Ɵ’ = discounted payback period

i% = MARR

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Filed under Sadat SD, Week 11

W11_SSD_Selection of Solar Photovoltaic System Based on Payback Period


  1. Problem Definition

In this blog I am going to do find out the Payback Period for my PV installation, based on the data that I had used for my W4 Blog. With this Blog, I also would like to use this blog to claim for Problem Solving Work for Engineering Economic Chapter 5 Evaluating a Single Project.

The Payback Period Method calculates the number of year for the cash inflow to just equal to the cast out flow. The Simple Payback Period calculation, which ignores the time value of money, is based on the following formula:

                                    (1-1)

Rk = excess of revenue over expenditure in period k;

Ek = excess of expenditure over revenue in period k;

Ɵ = payback period

I = capital investment at k=0

For Discounted payback Period calculation, which considers the time value of money, the calculation is based on the following equation:

                                (1-2)

Ɵ’ = discounted payback period

i% = MARR

 

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Filed under Sadat SD, Week 11

W11_SSG_Pareto’s Law for Controlling EPC Cost


PROBLEM DEFINITION

We are now in starting point of EPC execution phase where the contract of EPC work will be delivered. One of the contract requirement is to control the cost in order company are able produce benefit and margin. Continue reading

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Filed under Sutoyo S, Week 11

W11.2_APE_Presidential Cost in Indonesia


  1. Problem Definition

How much cost required of running for President in Indonesia? There is no open source for public knowledge and transparency of presidential cost from one candidate to others. In this blog I try to estimate presidential cost for next general election planned most likely in mid of year 2014.  

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3 Comments

Filed under Arif P, Week 11

W11.1_APE_Presidential Cost in Indonesia


  1. Problem Definition

How much cost required of running for President in Indonesia? There is no open source for public knowledge and transparency of presidential cost from one candidate to others. In this blog I try to estimate presidential cost for next general election planned most likely in mid of year 2014.  

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3 Comments

Filed under Arif P, Week 11

W11_APE_Presidential Cost in Indonesia


  1. Problem Definition

How much cost required of running for President in Indonesia? There is no open source for public knowledge and transparency of presidential cost from one candidate to others. In this blog I try to estimate presidential cost for next general election planned in 2014.  

  Continue reading

1 Comment

Filed under Arif P, Week 11