E-ISSN 2705-3954 | ISSN 0794-4756
 

Original Research 


TECHNO-ECONOMIC ANALYSIS OF OIL PALM BROOM PROCESSING MACHINE

Nduka Bethrand Nwankwojike; Maureen Awele Allen; Osinachi Stanley Onwuka; O. S. Babalola; A. Chukwuma and J. C. Edeh.

Abstract
The optimal performance and economic potentials of oil palm broom processing machine were examined in this study in order to ascertain its viability, consequently, accelerating its adoption and commercialization. A Box-Behnken Response Surface Experimental design was used to investigate the optimal operational parameters and responses; while standard investment markers such as Payback Period, Accounting Rate of Return (ARR), Net Present Value (NPV) and Benefit cost Ratio (BCR) were evaluated to ascertain its sustainability and viability. The optimal peeling efficiency and throughput of this machine were determined as 94% and 6311 bristles/hr respectively when operated at rotary peeler speed, stationary peeler arc length and peelers clearance of 536 rpm, 459 mm and 3.9 mm respectively. Also, an annual initial sum of N 1,816,378.00 is required for start-up whereas average cash inflow of N 1,074,248.00 can be realized yearly. Payback period, Accounting Rate of Return, Net Present Value and Benefit Cost Ratio were also determined as 1.69, 7.89%, N 6,700,123.00, and 1.76 respectively. It can therefore be seen that this mechanized broom processing technology is profitable and thus recommended for both small and large scale oil palm processors.

Key words: broom, machine, benefit, cost, investment, economic


 
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How to Cite this Article
Pubmed Style

Nwankwojike NB, Allen MA, Onwuka OS, Babalola OS, . TECHNO-ECONOMIC ANALYSIS OF OIL PALM BROOM PROCESSING MACHINE. NJE. 2021; 28(1): 45-54.


Web Style

Nwankwojike NB, Allen MA, Onwuka OS, Babalola OS, . TECHNO-ECONOMIC ANALYSIS OF OIL PALM BROOM PROCESSING MACHINE. http://www.njeabu.com.ng/?mno=68334 [Access: April 28, 2021].


AMA (American Medical Association) Style

Nwankwojike NB, Allen MA, Onwuka OS, Babalola OS, . TECHNO-ECONOMIC ANALYSIS OF OIL PALM BROOM PROCESSING MACHINE. NJE. 2021; 28(1): 45-54.



Vancouver/ICMJE Style

Nwankwojike NB, Allen MA, Onwuka OS, Babalola OS, . TECHNO-ECONOMIC ANALYSIS OF OIL PALM BROOM PROCESSING MACHINE. NJE. (2021), [cited April 28, 2021]; 28(1): 45-54.



Harvard Style

Nwankwojike, N. B., Allen, . M. A., Onwuka, . O. S., Babalola, . O. S. & (2021) TECHNO-ECONOMIC ANALYSIS OF OIL PALM BROOM PROCESSING MACHINE. NJE, 28 (1), 45-54.



Turabian Style

Nwankwojike, Nduka Bethrand, Maureen Awele Allen, Osinachi Stanley Onwuka, O. S. Babalola, and A. Chukwuma and J. C. Edeh. 2021. TECHNO-ECONOMIC ANALYSIS OF OIL PALM BROOM PROCESSING MACHINE. Nigerian Journal of Engineering, 28 (1), 45-54.



Chicago Style

Nwankwojike, Nduka Bethrand, Maureen Awele Allen, Osinachi Stanley Onwuka, O. S. Babalola, and A. Chukwuma and J. C. Edeh. "TECHNO-ECONOMIC ANALYSIS OF OIL PALM BROOM PROCESSING MACHINE." Nigerian Journal of Engineering 28 (2021), 45-54.



MLA (The Modern Language Association) Style

Nwankwojike, Nduka Bethrand, Maureen Awele Allen, Osinachi Stanley Onwuka, O. S. Babalola, and A. Chukwuma and J. C. Edeh. "TECHNO-ECONOMIC ANALYSIS OF OIL PALM BROOM PROCESSING MACHINE." Nigerian Journal of Engineering 28.1 (2021), 45-54. Print.



APA (American Psychological Association) Style

Nwankwojike, N. B., Allen, . M. A., Onwuka, . O. S., Babalola, . O. S. & (2021) TECHNO-ECONOMIC ANALYSIS OF OIL PALM BROOM PROCESSING MACHINE. Nigerian Journal of Engineering, 28 (1), 45-54.