Table 12 Economic performance of henna harvesting mechanism.
From: Design, development and performance evaluation of henna harvester
Sr. No | Economic parameter | Output |
|---|---|---|
1. | Capital cost of henna harvesting mechanism. (₹) | 1,66,400.00 |
2. | Number of operation hours in a year (hours) (90 days) | 450 (5 h/day) |
3. | Life of developed henna harvesting mechanism (years) | 10 |
4. | Repair and Maintenance cost: 10 per cent of capital cost per year (₹) | 16,640.00 |
5. | Labor Cost required per year to operate machine (₹) *Considering 1 labors per day @1000 × 90 perlabor | 90,000.00 |
6. | For manually henna harvesting chargers per year (₹) *according machine performance 0.975 ha/day to harvest the same area by manually 12 labors are required Labor charges 600₹/person × 12 = 7200₹/ day 7200 × 90 = 6,48,000₹/year | 6,48,000.00 |
7. | Cost required in year for machine including repair and maintenance, fuel, labors (₹) a. Repair and maintenance cost per year 16,640₹ fuel consumption 17.26 lit/day Fuel cost 92₹/lit b. fuel cost 17.26 × 92 = 1587.92 × 90 = 1,42,912.8₹/day c. labor cost required to operate mechanism, 1000₹/day = 90,000 ₹/year d. Insurance cost 2% capital cost = 3328₹/day | 2,52,880.80 |
8. | Net Profit per year (₹) | 395,119.2 |
9. | Pay Back Period: (Capital Cost/ Net Profit) (Years) 0.42 × 12 = 5.04 month | 0.42 |
10. | Benefit Cost Ratio | 2.31 |
11. | Net Present Worth (NPW) | 2,261,436.44 |
12. | Saving in cost | 80% |
