Investment Feasibility Analysis On The Addition Of Fixed Assets At PT X Using Scenario Analysis

  • Irene Hanna Florence Universitas Indonesia
  • Rachman Untung Budiman Universitas Indonesia
Keywords: Investment Feasibility, Capital Budgeting, Scenario Analysis


PT X, a company engaged in producing plastic packaging, wants to invest in purchasing fixed assets to accommodate the increasing demand for plastic packaging. However, PT X has not yet conducted an investment feasibility analysis on the fixed asset purchase plan. This study analyzes the feasibility of investing in the planned addition of fixed assets at PT X. The research method used is a case study with quantitative methods. Case studies conducted in investment feasibility are measured by capital budgeting methods, namely Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PBP), and Discounted Payback Period (DPP). In addition, an analysis was also carried out using three scenarios, namely, most likely, optimistic, and pessimistic, to see the financial performance in three different conditions. With a discount rate of 9.36%, the research results show that all capital budgeting methods provide sustainable results, and the plan to add fixed assets to PT X is feasible in the most likely and optimistic scenario but not in the pessimistic scenario.


[1] Ain, N. Q. (2016). Analisis Kelayakan Investasi Sistem Pembayaran Online. Jurnal Manajemen Dan Kewirausahaan, 1(1), 74–82.
[2] Badan Pusat Statistik. (2021). Laju Pertumbuhan PDB Seri 2010 (Persen), 2021. Retrieved from
[3] Creswell, J., & Plano Clark, V. (2009). Designing and Conducting Mixed Methods Research. Thousand Oaks, CA: Sage. In Organizational Research Methods.
[4] Damodaran, A. (2001). Corporate Finance: Theory and Practices 2nd Edition. New York: John Wiley & Sons.
[5] Elisa, I., Wiksuana, I. G. B., & Artini, L. G. S. (2014). Studi Kelayakan Pengembangan Investasi Universitas Dili (UNDIL) di Timor-Leste. E-Jurnal Ekonomi Dan Bisinis, 03(09), 506–519.
[6] Emery, D. R., Finnerty, J. D., & Stowe, J. D. (2007). Corporate Financial Management. New Jersey: Prentice-Hall International, Inc.
[7] Kementerian Perindustrian. (2020). Analisis Perkembangan Industri Pengolahan Non Migas Indonesia.
[8] Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2019). Intermediate Accounting, Volume 2. United States: John Wiley & Sons.
[9] Mordor Intelligence. (2022). Indonesia Plastic Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027). Retrieved from
[10] Normal, I. N. (2017). Kinerja Investasi Jasa Pengujian Tableware untuk Produk Kreatif Keramik pada BTIKK-BPPT. Jurnal Keuangan Dan Perbankan, 21(1), 47–59.
[11] Premium Market Research Report. (2022). Indonesia Plastic Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027). Retrieved from
[12] Rizal, J. G. (2020, August 11). Pandemi Covid-19, Apa Saja Dampak pada Sektor Ketenagakerjaan Indonesia? Kompas.Com. Retrieved from
[13] Ross, S. A., Westerfield, R. W., Jaffe, J., Lim, J., Tan, R., & Wong, H. (2015). Corporate Finance (Asia Global). New York: McGraw-Hill Education.
[14] Sabirah, U. (2015). Analisis Kelayakan Investasi Proyek IPC Logistic Center. Universitas Indonesia.
[15] Siziba, S., & Hall, J. H. (2021). The Evolution of the Application of Capital Budgeting Techniques in Enterprises. Global Finance Journal, 47.
[16] Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: CV Alfabeta.
[17] Tandelilin, E. (2010). Portofolio dan Investasi: Teori dan Aplikasi (1st ed.). Yogyakarta: Kanisius.
[18] Tellis, W. (1997). Application of a Case Study Methodology. The Qualitative Report.
[19] WHO. (2020). COVID-19: Public Health Emergency of International Concern (PHEIC) Global research and innovation forum: towards a research roadmap. In Global Research Collaboration for Infectious Diseases Preparedness.
[20] Yin, R. K. (2014). Case study research: Design and methods (5th ed.). In Thousand Oaks, CA: SAGE Publications
How to Cite
Florence, I., & Budiman, R. (2023). Investment Feasibility Analysis On The Addition Of Fixed Assets At PT X Using Scenario Analysis. Proceeding of International E-Conference On Management & Small Medium Enterprise, 1(1), 322-337. Retrieved from