Economic analysis of traditional coconut oil production in Aceh Besar, Indonesia
Vol. 6 No. 01 (2018)
Economics and Management
January 15, 2018
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The purpose of this study was to analyse the rentability and profit of traditional coconut oil production.Primary data was obtained by using survey method. Data collection techniques are conducted by census.The processing of oil is done by 6 respondents fermentation and 6 respondents cooking coconut milk. Theresults show that coconut oil production cooking coconut milk is more advantageous in terms of rentabilityand profit. The recommendation given is that the rural mothers switch from fermentation to cooking ofcoconut milk
Economic analysis of traditional coconut oil production in Aceh Besar, Indonesia. (2018). International Journal of Scientific Research and Management (IJSRM), 6(01), EM-2018. https://doi.org/10.18535/ijsrm/v6i1.em04
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2. Anderson, W.L. & Ross, R.L. (2005), The methodology of profit maximization: An Austrian alternative, The Quarterly Journal of Austrian Economics, Volume 8, Issue 4, pp 31–44.
3. Battistini, A. (2013), A Theory of Profit and Competition, Evolutionary and Institutional Economics Review, Volume 10, Issue 2, pp 269–294.
4. Coller, C. et. al. (2015), The optimality of full-cost pricing: a simulation analysis of the price-adjustment dynamics, Journal of Management Control, Volume 26, Issue 2–3, pp 157–191.
5. Dierker, E. and Grodal, B. (1996), Profit maximization mitigates competition, Economic Theory,Volume 7, Issue 1, pp 139–160.
6. Khoshgoftaar, T.M. et. al. (2001), Cost-Benefit Analysis of Software Quality Models, Quality Journal, Volume 9, Issue 1, pp 9–30.
7. Khumbhakar, S.C. (2006), Specification and estimation of nonstandard profit functions, Empirical Economics, Volume 31, Issue 1, pp 243–260.
8. Kim, S. (1998), Does profit sharing increase firms’ profits?, Journal of Labor Research, Volume 19, Issue 2, pp 351–370.
9. Levin, E.J. et. al. (2004), Profit maximization in a multi-product firm with impatient customers, Journal of the Operational Research Society, Volume 55, Issue 3, pp 211–218.
10. Li, X. (2010), The impacts of product market competition on the quantity and quality of voluntary disclosures, Review of Accounting Studies, Volume 15, Issue 3, pp 663–711.
11. Manajit, N. (2011), Cost–profit analysis of Japanese-type set-net through technology transfer in Rayong, Thailand, Fisheries Science, Volume 77, Issue 4, pp 447–454.
12. Mourão, P. et. al. (2017), Costs and Economies of Scale at Not-for-Profit Organizations: The Case of the Santa Casa da Misericórdia de Barcelos Between 2002 and 2013, Volume 132, Issue 2, pp 821–840.
13. Mulwa, R. (2013), Measuring productive efficiency using Nerlovian profit efficiency indicator and metafrontier analysis, Operational Research, Volume 13, Issue 2, pp 271–287.
14. Nekipelov, A.D. (2013), Behavior of a firm which maximizes the rate of profit: Specific features, Studies on Russian Economic Development, Volume 24, Issue 3, pp 208–219.
15. Sibly, H. (2017), Pricing Strategies with Costly Customer Arbitrage, Review of Industrial Organization, Volume 50, Issue 3, pp 345–366.
16. Ulusoy, G. and Yazgac, T. (1995), Joint decision making for production and marketing. Int J Prod Res 33: 2277–2293.
17. Voigt, G. & Guericke, O.V. (2015), Inequity aversion in a joint economic lot sizing environment with asymmetric holding cost information, Journal of the Operational Research Society, Volume 66, Issue 4, pp 554–569.
18. Wang, M. et. al. (2016), A capacitated firm’s pricing strategies for strategic consumers with different search costs, Annals of Operations Research,Volume 240, Issue 2, pp 731–760.
19. Xu, M. et. al. (2010), Optimal decisions when balancing expected profit and conditional value-at-risk in newsvendor models, Journal of Systems Science and Complexity, Volume 23, Issue 6, pp 1054–1070.
