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Techno-economic Analysis of Liquid Petroleum Gas Fueled Vehicles as Public Transportation in Indonesia

Year 2016, Volume: 6 Issue: 3, 495 - 500, 01.09.2016

Muji Setiyo Sudjito Soeparman Nurkholis Hamidi Slamet Wahyudi

Abstract

In Indonesia, the use of LPG in vehicles has been promoted through government policy since 1988. However, the progress has not significantly run. Therefore, this paper presents the techno-economic analysis of LPG as road vehicles fuel alternative in comparison with gasoline RON 88 and RON 92 for public transportation in Indonesia. The techno-economic analysis is considered running cost, break-even point (BEP) distance, net present value (NPV), internal rate of return (IRR), payback period, and sensitivity analysis. This analysis indicates that the BEP distance of public transportation vehicles are approximating at 55,351 km compared to gasoline RON 92 and 93,168 km compared to gasoline RON 88. Meanwhile, the result of the investment analysis shows that the investment feasibility indicators which include NPV, IRR, and payback period show the investment was feasible but the investment is sensitive to fuel cost ratio between LPG and gasoline.

Keywords

LPG vehicles running costs investment feasibility

Year 2016, Volume: 6 Issue: 3, 495 - 500, 01.09.2016

Muji Setiyo Sudjito Soeparman Nurkholis Hamidi Slamet Wahyudi

Abstract

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Details

Other ID JA39GK37AT
Journal Section Research Article
Authors

Muji Setiyo This is me

Sudjito Soeparman This is me

Nurkholis Hamidi This is me

Slamet Wahyudi This is me

Publication Date September 1, 2016
Published in Issue Year 2016 Volume: 6 Issue: 3

Cite

APA Setiyo, M., Soeparman, S., Hamidi, N., Wahyudi, S. (2016). Techno-economic Analysis of Liquid Petroleum Gas Fueled Vehicles as Public Transportation in Indonesia. International Journal of Energy Economics and Policy, 6(3), 495-500.
AMA Setiyo M, Soeparman S, Hamidi N, Wahyudi S. Techno-economic Analysis of Liquid Petroleum Gas Fueled Vehicles as Public Transportation in Indonesia. IJEEP. September 2016;6(3):495-500.
Chicago Setiyo, Muji, Sudjito Soeparman, Nurkholis Hamidi, and Slamet Wahyudi. “Techno-Economic Analysis of Liquid Petroleum Gas Fueled Vehicles As Public Transportation in Indonesia”. International Journal of Energy Economics and Policy 6, no. 3 (September 2016): 495-500.
EndNote Setiyo M, Soeparman S, Hamidi N, Wahyudi S (September 1, 2016) Techno-economic Analysis of Liquid Petroleum Gas Fueled Vehicles as Public Transportation in Indonesia. International Journal of Energy Economics and Policy 6 3 495–500.
IEEE M. Setiyo, S. Soeparman, N. Hamidi, and S. Wahyudi, “Techno-economic Analysis of Liquid Petroleum Gas Fueled Vehicles as Public Transportation in Indonesia”, IJEEP, vol. 6, no. 3, pp. 495–500, 2016.
ISNAD Setiyo, Muji et al. “Techno-Economic Analysis of Liquid Petroleum Gas Fueled Vehicles As Public Transportation in Indonesia”. International Journal of Energy Economics and Policy 6/3 (September 2016), 495-500.
JAMA Setiyo M, Soeparman S, Hamidi N, Wahyudi S. Techno-economic Analysis of Liquid Petroleum Gas Fueled Vehicles as Public Transportation in Indonesia. IJEEP. 2016;6:495–500.
MLA Setiyo, Muji et al. “Techno-Economic Analysis of Liquid Petroleum Gas Fueled Vehicles As Public Transportation in Indonesia”. International Journal of Energy Economics and Policy, vol. 6, no. 3, 2016, pp. 495-00.
Vancouver Setiyo M, Soeparman S, Hamidi N, Wahyudi S. Techno-economic Analysis of Liquid Petroleum Gas Fueled Vehicles as Public Transportation in Indonesia. IJEEP. 2016;6(3):495-500.