Techno-Economic Analysis of NiFe2O4 Nanoparticle Industry Using Sonochemical Synthesis Method

Abstract

The purpose of this paper is to carry out an economic and industrial evaluation on an industrial scale of NiFe2O4 production using sonochemical synthesis methods. The method used is to calculate gross profit margin (GPM), payback period (PBP), cumulative net present value (CNPV), total investment cost (TIC) and profitability index (PI). NiFe2O4 nanoparticles were synthesized with the main raw materials being Fe(NO3)3.9H2O, Ni(NO3)2.6H2O, and NaOH (1:2:8). The calculation results of GPM and CNPV/TIC from the NiFe2O4 industry using the sonochemical synthesis method show the payback period (PBP) in the third year. So that in the third year onwards it can be predicted that the industry will experience profits. This research is expected to be a reference for technical and economic analysis to produce NiFe2O4 in humidity sensor applications on an industrial scale.

A Bibliometric Analysis of Management Bioenergy Research Using Vosviewer Application

“…In their study, they used VOSviewer to determine which scientists write articles regarding a certain topic (Hu et al, 2019). Meanwhile, Huang et al also conducted a study regarding the global trend of sacral fracture surgery on VOSviewer (Huang et al, 2020;Gabriella et al, 2021). However, in this study, we used the latest version of VOSviewer, which is 8.0.0, while using management bioenergy as the case study.…”