Year 2015, Volume 4 , Issue 4, Pages 259 - 265 2015-10-01

The financial feasibility of hazelnut husk and sewage sludge based vermicompost production

Vedat Ceyhan [1] , İzzet Akça [2] , Rıdvan Kızılkaya [3] , Anna Veselova [4] , Ksenia Novikova [5]


Recycling the waste such as hazelnut husk, sewage sludge etc. has been one of the issues into the agenda of many countries. Therefore the purpose of the study was to examine the economic feasibility of the vermicompost production. Technical data about composting hazelnut husk and sewage sludge were gathered from past research. The time series data such as production, export, import and price of vermicompost collected from TURKSTAT, FAO and related institutions. Autoregressive integrating moving average model (ARIMA) and smoothing methods such as double exponential model and winter model were used in forecasting process. We followed net present value and internal rate of return procedures when evaluating the financial feasibility of the facility having one ton vermicompost production capacity per day. Research results showed that the profitability of vermicompost production facility was high, while the likelihood of loss was less. Vermicompost production facility with approximately 130 thousands of US dollars initial investment provided net present value of 1.28 million of US dollars during the economic life. The internal rate of vermicompost production facility was 23%. Research results also revealed that production cost of vermicompost was $0.2 per kilogram. Since vermicompost production facility investment with high profitability and low level of risk was good investment alternatives facing with low level of competitive in market, the study suggest to investors who has good back grounding about sector that they should pay attention to marketing system and market observation about organic input market.

vermicompost production, financial feasibility, waste recycling
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Primary Language English
Journal Section Articles
Authors

Author: Vedat Ceyhan

Author: İzzet Akça

Author: Rıdvan Kızılkaya

Author: Anna Veselova

Author: Ksenia Novikova

Dates

Publication Date : October 1, 2015

Bibtex @ { ejss73579, journal = {Eurasian Journal of Soil Science}, issn = {}, eissn = {2147-4249}, address = {}, publisher = {Avrasya Toprak Bilimleri Dernekleri Federasyonu}, year = {2015}, volume = {4}, pages = {259 - 265}, doi = {10.18393/ejss.2015.4.259-265}, title = {The financial feasibility of hazelnut husk and sewage sludge based vermicompost production}, key = {cite}, author = {Ceyhan, Vedat and Akça, İzzet and Kızılkaya, Rıdvan and Veselova, Anna and Novikova, Ksenia} }
APA Ceyhan, V , Akça, İ , Kızılkaya, R , Veselova, A , Novikova, K . (2015). The financial feasibility of hazelnut husk and sewage sludge based vermicompost production. Eurasian Journal of Soil Science , 4 (4) , 259-265 . DOI: 10.18393/ejss.2015.4.259-265
MLA Ceyhan, V , Akça, İ , Kızılkaya, R , Veselova, A , Novikova, K . "The financial feasibility of hazelnut husk and sewage sludge based vermicompost production". Eurasian Journal of Soil Science 4 (2015 ): 259-265 <https://dergipark.org.tr/en/pub/ejss/issue/5431/73579>
Chicago Ceyhan, V , Akça, İ , Kızılkaya, R , Veselova, A , Novikova, K . "The financial feasibility of hazelnut husk and sewage sludge based vermicompost production". Eurasian Journal of Soil Science 4 (2015 ): 259-265
RIS TY - JOUR T1 - The financial feasibility of hazelnut husk and sewage sludge based vermicompost production AU - Vedat Ceyhan , İzzet Akça , Rıdvan Kızılkaya , Anna Veselova , Ksenia Novikova Y1 - 2015 PY - 2015 N1 - doi: 10.18393/ejss.2015.4.259-265 DO - 10.18393/ejss.2015.4.259-265 T2 - Eurasian Journal of Soil Science JF - Journal JO - JOR SP - 259 EP - 265 VL - 4 IS - 4 SN - -2147-4249 M3 - doi: 10.18393/ejss.2015.4.259-265 UR - https://doi.org/10.18393/ejss.2015.4.259-265 Y2 - 2019 ER -
EndNote %0 Eurasian Journal of Soil Science The financial feasibility of hazelnut husk and sewage sludge based vermicompost production %A Vedat Ceyhan , İzzet Akça , Rıdvan Kızılkaya , Anna Veselova , Ksenia Novikova %T The financial feasibility of hazelnut husk and sewage sludge based vermicompost production %D 2015 %J Eurasian Journal of Soil Science %P -2147-4249 %V 4 %N 4 %R doi: 10.18393/ejss.2015.4.259-265 %U 10.18393/ejss.2015.4.259-265
ISNAD Ceyhan, Vedat , Akça, İzzet , Kızılkaya, Rıdvan , Veselova, Anna , Novikova, Ksenia . "The financial feasibility of hazelnut husk and sewage sludge based vermicompost production". Eurasian Journal of Soil Science 4 / 4 (October 2015): 259-265 . https://doi.org/10.18393/ejss.2015.4.259-265
AMA Ceyhan V , Akça İ , Kızılkaya R , Veselova A , Novikova K . The financial feasibility of hazelnut husk and sewage sludge based vermicompost production. EJSS. 2015; 4(4): 259-265.
Vancouver Ceyhan V , Akça İ , Kızılkaya R , Veselova A , Novikova K . The financial feasibility of hazelnut husk and sewage sludge based vermicompost production. Eurasian Journal of Soil Science. 2015; 4(4): 265-259.