Research Article
Economic Analysis of Used Cooking Oil Supply Chain for Biofuel in Special Region of Yogyakarta
@INPROCEEDINGS{10.4108/eai.23-11-2019.2298343, author={Rianti Lestari}, title={Economic Analysis of Used Cooking Oil Supply Chain for Biofuel in Special Region of Yogyakarta}, proceedings={Proceedings of the First National Seminar Universitas Sari Mulia, NS-UNISM 2019, 23rd November 2019, Banjarmasin, South Kalimantan, Indonesia}, publisher={EAI}, proceedings_a={NS-UNISM}, year={2020}, month={7}, keywords={biofuel economic analysis used cooking oil cplex optimizer gravity location model}, doi={10.4108/eai.23-11-2019.2298343} }- Rianti Lestari
Year: 2020
Economic Analysis of Used Cooking Oil Supply Chain for Biofuel in Special Region of Yogyakarta
NS-UNISM
EAI
DOI: 10.4108/eai.23-11-2019.2298343
Abstract
Biofuel as suitable substitute for fossil fuel can be produced from industrial and municipal waste, used cooking oil. High consumption of cooking oil in Indonesia gives a nice opportunity for cooking oil as material for producing biofuel. According high potentiality and high availability of used-cooking oil in culinary industries, Yogyakarta would be a city of biofuel production from the oil. The aim of this research is to analyze an economic factor towards the supply chain design of biofuel in D.I.Y at strategic level supply chain. Method of thesis is to build mathematical model which defined by Excel spreadsheet and solved by CPLEX optimizer. Otherwise, for calculate an economic analysis using revenue cost ratio (R/C ratio). Based on R/C ratio method then it obtanained rasio value R/C > 1. Therefore can be summarized that proper investment because of given production profit for each day.