FEASIBILITY STUDY OF COOLING AND PACKING STATION OF HORTICULTURAL EXPORT IMPROVEMENT ASSOCIATION (HEIA) IN LUXOR GOVERNORATE

A. Abdul Aziz, W. Sallam
{"title":"FEASIBILITY STUDY OF COOLING AND PACKING STATION OF HORTICULTURAL EXPORT IMPROVEMENT ASSOCIATION (HEIA) IN LUXOR GOVERNORATE","authors":"A. Abdul Aziz, W. Sallam","doi":"10.21608/ejarc.2019.210773","DOIUrl":null,"url":null,"abstract":"Cold storage projects are important because they provide marketing services through sorting, grading and packing the crops. The Horticultural Export Improvement Association (HEIA) implemented new investments financed by USAID for the development of the cooling station and training district at Luxor Governorate in Upper Egypt with a storage capacity of 90 metric tons per day at L.E. 30 million investments. The Packing and Cooling Station was initiated in July 2015. The study reflects problem at the Cooling and Packing Station at Luxor Governorate. It does not operate at its maximum capacity of 50 tons per day. It operates for no more than two months and is currently inefficiently operating where the fees are higher compared to competitors. This is due to the lack of horticultural crops to operate. The objectives current study were to study the actual reality of the nine associations producing and marketing horticultural crops at Luxor and Qena Governorates, estimate the current and economic containment capacity of this logistic service of The Packing and Cooling Station (HEIA) at Luxor,estimate the financial feasibility of (HEIA) at Luxor, sensitivity measurement analysis through three scenarios to find out the station's ability to meet operational capacity fluctuations and price risk, developing mechanisms to economically operate The station and finally, the direct and indirect impacts were assessed in case of the economic operation capacity of the Packing and Cooling Station (HEIA). To achieve these objectives, the current study utilized questionnaires data at the level of nine associations dealing with the Project (Al-AMAL) during the season 2016/2017. Other information were from (HEIA) office data registers as well as information from some field and meetings obtained with parties who are concerned in this study. Analysis methods used the descriptive statistics of simple averages and percentages, SWOT analysis indicators, methods of quantitative analysis of financial feasibility study using the criteria of non-discount profitability and on discount profitability indicators. Basic solution results were calculated at a capacity of 23.9 thousand tons annual production. The findings indicated that when the service fee is L.E. 1250.5 per ton; the internal rate of return for the project is estimated at about 23% greater than the alternative opportunity cost of capital. It was also noted that simple average return on investment is approximately 11.2% and the payback period of investment was estimated at 8.9 years. The breakeven point of production was estimated at about 22.8 tons per day, representing 26 % of the operating capacity estimated at 88.1 tons per day. The previous results regarding the basic solution show that the minimum required to possibly operate the Station to yield cash flow should not be less than 23.9 thousand tons annually for a period of 270 days . With the increase in the operating capacity mentioned in the first and second scenario by 21.3%, 63.2%, respectively, from the operating capacity mentioned in the basic plan solution, the maximum fee per ton for scenario 1, scenario 2 increases by 1.3%, 2.5% , respectively, compared to the estimated L.E. 1250.5 service price fee per ton related to the basic plan solution. Meanwhile, the minimum price service fee per ton for scenario 1 and 2 decreases by 2.67 %, 1.5 %, respectively, compared to the estimated L.E.1250.5 service price fee per ton in the basic plan solution.The third scenario decreases operating capacity by 17.5% from the operating capacity mentioned in the basic plan solution and reflected the results of economic inefficiency. A. A. Abdul Aziz and W. Y._Sallam................................................................................... 164 Operating the Cooling Station at its economic capacity requires coordination among all concerned parties from civil associations of farmers, the private sector of exporters, supermarkets and factories. A regulatory framework should be established based on contract farming development of horticultural crops providing technical support and post-harvest dealings for farmers.","PeriodicalId":11430,"journal":{"name":"Egyptian Journal of Agricultural Sciences","volume":"32 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Egyptian Journal of Agricultural Sciences","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.21608/ejarc.2019.210773","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

Cold storage projects are important because they provide marketing services through sorting, grading and packing the crops. The Horticultural Export Improvement Association (HEIA) implemented new investments financed by USAID for the development of the cooling station and training district at Luxor Governorate in Upper Egypt with a storage capacity of 90 metric tons per day at L.E. 30 million investments. The Packing and Cooling Station was initiated in July 2015. The study reflects problem at the Cooling and Packing Station at Luxor Governorate. It does not operate at its maximum capacity of 50 tons per day. It operates for no more than two months and is currently inefficiently operating where the fees are higher compared to competitors. This is due to the lack of horticultural crops to operate. The objectives current study were to study the actual reality of the nine associations producing and marketing horticultural crops at Luxor and Qena Governorates, estimate the current and economic containment capacity of this logistic service of The Packing and Cooling Station (HEIA) at Luxor,estimate the financial feasibility of (HEIA) at Luxor, sensitivity measurement analysis through three scenarios to find out the station's ability to meet operational capacity fluctuations and price risk, developing mechanisms to economically operate The station and finally, the direct and indirect impacts were assessed in case of the economic operation capacity of the Packing and Cooling Station (HEIA). To achieve these objectives, the current study utilized questionnaires data at the level of nine associations dealing with the Project (Al-AMAL) during the season 2016/2017. Other information were from (HEIA) office data registers as well as information from some field and meetings obtained with parties who are concerned in this study. Analysis methods used the descriptive statistics of simple averages and percentages, SWOT analysis indicators, methods of quantitative analysis of financial feasibility study using the criteria of non-discount profitability and on discount profitability indicators. Basic solution results were calculated at a capacity of 23.9 thousand tons annual production. The findings indicated that when the service fee is L.E. 1250.5 per ton; the internal rate of return for the project is estimated at about 23% greater than the alternative opportunity cost of capital. It was also noted that simple average return on investment is approximately 11.2% and the payback period of investment was estimated at 8.9 years. The breakeven point of production was estimated at about 22.8 tons per day, representing 26 % of the operating capacity estimated at 88.1 tons per day. The previous results regarding the basic solution show that the minimum required to possibly operate the Station to yield cash flow should not be less than 23.9 thousand tons annually for a period of 270 days . With the increase in the operating capacity mentioned in the first and second scenario by 21.3%, 63.2%, respectively, from the operating capacity mentioned in the basic plan solution, the maximum fee per ton for scenario 1, scenario 2 increases by 1.3%, 2.5% , respectively, compared to the estimated L.E. 1250.5 service price fee per ton related to the basic plan solution. Meanwhile, the minimum price service fee per ton for scenario 1 and 2 decreases by 2.67 %, 1.5 %, respectively, compared to the estimated L.E.1250.5 service price fee per ton in the basic plan solution.The third scenario decreases operating capacity by 17.5% from the operating capacity mentioned in the basic plan solution and reflected the results of economic inefficiency. A. A. Abdul Aziz and W. Y._Sallam................................................................................... 164 Operating the Cooling Station at its economic capacity requires coordination among all concerned parties from civil associations of farmers, the private sector of exporters, supermarkets and factories. A regulatory framework should be established based on contract farming development of horticultural crops providing technical support and post-harvest dealings for farmers.
卢克索省园艺出口促进协会(heia)冷却包装站的可行性研究
冷藏项目很重要,因为它们通过分类、分级和包装作物提供营销服务。园艺出口促进协会(HEIA)实施了由美国国际开发署资助的新投资,用于开发上埃及卢克索省的冷却站和培训区,该冷却站和培训区每天的储存能力为90公吨,投资额为3000万英镑。包装和冷却站于2015年7月启动。这项研究反映了卢克索省冷却和包装站的问题。它没有以每天50吨的最大容量运行。运营时间不超过两个月,目前运营效率较低,费用高于竞争对手。这是由于缺乏园艺作物来经营。当前研究的目的是研究卢克索省和Qena省生产和销售园艺作物的9个协会的实际情况,估计卢克索包装和冷却站(HEIA)物流服务的当前和经济遏制能力,估计卢克索包装和冷却站(HEIA)的财务可行性,通过三种情景进行敏感性测量分析,以找出该站应对运营能力波动和价格风险的能力。最后,以包装冷却站(HEIA)的经济运行能力为例,对其直接和间接影响进行了评估。为了实现这些目标,本研究在2016/2017赛季期间利用了与该项目(Al-AMAL)有关的九个协会的问卷调查数据。其他信息来自(HEIA)办公室数据登记册以及来自一些实地和与本研究有关各方的会议的信息。分析方法采用简单平均数和百分比的描述性统计方法、SWOT指标分析方法、财务可行性研究采用非贴现盈利能力的定量分析标准和关于贴现盈利能力的指标。以年生产能力2.39万吨计算基本解决结果。研究结果表明,当服务费用为1250.5 L.E. / t时;该项目的内部回报率估计比资本的替代机会成本高出约23%。据估计,投资的简单平均回报率约为11.2%,投资回收期约为8.9年。生产盈亏平衡点估计约为22.8吨/天,占估计88.1吨/天的运营能力的26%。先前关于基本解的结果表明,在270天的时间内,每年运行空间站产生现金流的最低要求不应低于2.39万吨。与基本计划方案相关的每吨服务价格费用估计为1250.5英镑相比,第一种和第二种方案中提到的运营能力分别比基本计划方案中提到的运营能力增加21.3%和63.2%,方案一、方案二的最高每吨费用分别增加1.3%和2.5%。与此同时,方案1和方案2的每吨最低价格服务费分别比基本方案方案中估计的每吨120.5英镑的服务费降低2.67%和1.5%。第三种情景的运力比基本方案方案的运力减少了17.5%,反映了经济效率低下的结果。a . a·阿卜杜勒·阿齐兹和w·Y._Sallam ...................................................................................164 .以其经济能力运作冷却站需要农民民间协会、出口商私营部门、超级市场和工厂等所有有关方面进行协调。应该建立一个基于园艺作物合同农业发展的监管框架,为农民提供技术支持和收获后交易。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信