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Original Article
Online Published: 10 Jul 2021
 


Performance Optimization and Economic Analysis of Oil Palm Broom Processing Machine

O. S. Onwuka, B. N. Nwankwojike, O. S. Babalola, A. M. Awele, A. Chukwuma, J. C. Edeh1.


Abstract
The optimal performance and economic potentials of oil palm broom processing machine were examined in this study in
order to ascertain its viability, 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 medium scales oil
palm processors.

Key words: Broom, machine, benefit, cost, investment, economic analysis


 
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How to Cite this Article
Pubmed Style

O. S. Onwuka, B. N. Nwankwojike, O. S. Babalola, A. M. Awele, A. Chukwuma, J. C. Edeh. Performance Optimization and Economic Analysis of Oil Palm Broom Processing Machine . NJE. 2021; 28(1): 45-54.

Web Style

O. S. Onwuka, B. N. Nwankwojike, O. S. Babalola, A. M. Awele, A. Chukwuma, J. C. Edeh. Performance Optimization and Economic Analysis of Oil Palm Broom Processing Machine . https://www.njeabu.com.ng/?mno=95499 [Access: September 12, 2024].

AMA (American Medical Association) Style

O. S. Onwuka, B. N. Nwankwojike, O. S. Babalola, A. M. Awele, A. Chukwuma, J. C. Edeh. Performance Optimization and Economic Analysis of Oil Palm Broom Processing Machine . NJE. 2021; 28(1): 45-54.


Vancouver/ICMJE Style

O. S. Onwuka, B. N. Nwankwojike, O. S. Babalola, A. M. Awele, A. Chukwuma, J. C. Edeh. Performance Optimization and Economic Analysis of Oil Palm Broom Processing Machine . NJE. (2021), [cited September 12, 2024]; 28(1): 45-54.


Harvard Style

O. S. Onwuka, B. N. Nwankwojike, O. S. Babalola, A. M. Awele, A. Chukwuma, J. C. Edeh (2021) Performance Optimization and Economic Analysis of Oil Palm Broom Processing Machine . NJE, 28 (1), 45-54.


Turabian Style

O. S. Onwuka, B. N. Nwankwojike, O. S. Babalola, A. M. Awele, A. Chukwuma, J. C. Edeh. 2021. Performance Optimization and Economic Analysis of Oil Palm Broom Processing Machine . Nigerian Journal of Engineering, 28 (1), 45-54.


Chicago Style

O. S. Onwuka, B. N. Nwankwojike, O. S. Babalola, A. M. Awele, A. Chukwuma, J. C. Edeh. "Performance Optimization and Economic Analysis of Oil Palm Broom Processing Machine ." Nigerian Journal of Engineering 28 (2021), 45-54.


MLA (The Modern Language Association) Style

O. S. Onwuka, B. N. Nwankwojike, O. S. Babalola, A. M. Awele, A. Chukwuma, J. C. Edeh. "Performance Optimization and Economic Analysis of Oil Palm Broom Processing Machine ." Nigerian Journal of Engineering 28.1 (2021), 45-54. Print.


APA (American Psychological Association) Style

O. S. Onwuka, B. N. Nwankwojike, O. S. Babalola, A. M. Awele, A. Chukwuma, J. C. Edeh (2021) Performance Optimization and Economic Analysis of Oil Palm Broom Processing Machine . Nigerian Journal of Engineering, 28 (1), 45-54.


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