Analyzing Business Feasibility: A Comprehensive Study Using Hamdi's Method

Agustin, Hamdi and Almuttaqin, Muhammad Akbar and Yusnita, Raja Ria and Safitri, Nora (2023) Analyzing Business Feasibility: A Comprehensive Study Using Hamdi's Method. Journal of System and Management Sciences, 13 (4). pp. 521-534. ISSN 1816-6075

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Abstract

The current study examines the efficacy of Hamdi's method, which utilizes the gold value method (GVM) and the gold index (GI) to calculate business feasibility studies on the financial aspect. The GVM serves as an alternative to the net present value (NPV) method, while the GI acts as a substitute for the profitability index (PI). The objective is to investigate whether the feasibility decision results of Hamdi's method align with the conventional approach, which uses NPV and PI, widely applied in academia. To this end, the researchers conducted a case study on Mr. Win's tofu small industrial business in Pekanbaru. The findings suggest that the feasibility decision outcome using GVM aligns with that of the NPV calculation, and the feasibility decision outcome using GI aligns with that of the PI calculation. As such, Hamdi's method presents a viable option for assessing the feasibility of a business on the financial aspect and contributes to the existing calculation method in this domain

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