Abstract:The economic evaluation for the production of fruit juice from the Africa star apple otherwise known as 'Agbalumo' in the south western part of Nigeria was evaluated using the NPV (Net Present value) and IRR (Internal Rate of Return) methods assuming a uniform cash flow over a 10-year plant life. Sensitivity analysis was conducted by varying the number of production days (330, 300 and 250 days) at 100% plant capacity and varying the plant capacity (100, 85 and 70%) for a 330-day production schedule. Some compo… Show more
“…The NPV for the project decreases as the discount rate increases. This result correlates with earlier reports from Kadiri et al (2016) and Taiwo et al (1997). Apart from the NPV, DPBP and the IRR were used to evaluate the profitability of the processing plant.…”
Open Agriculture. 2017; 2: 401-410 300 and 250 days. The difference between operation times lies in the profitability, which decreases as the number of days reduces. Based on the result of this analysis, brewers' spent grain, groundnut cake, and sorghum flour can be utilized in industrial production of cookies with guaranteed profitability.Keywords: Economic evaluation; Brewers' spent grain; Groundnut cake; Sorghum flour; Return of investment; Internal rate of return
IntroductionCookie consumption in the world today had increased owing to convenience, sales price, and extendable shelf life (Agama-Acevedo et al. 2012). There had been increased consumption of processed food such as bakery and pastry products due to urbanization thereby leading to excessive increase in production cost as well as the demand for wheat importation -a major raw material used in producing these baked products (Dotsey 2009). The cost of importation of wheat flour used in producing different kinds of baked goods had been of major concern because it contributes to high foreign exchange, hence the need to explore the locally available raw material such as brewers' spent grain for the production of rich fibre gluten free cookies (Igbabul et al. 2014).Brewers' spent grain (BSG) is a by-product of the mashing process, one of the unit operations involved in brewing which brings about the solubility of malt and cereal grains to ensure maximum extraction of the wort (Fillaudeau et al. 2006). Following the separation of BSG from wort, the quantity of brewers' spent grain (BSG) generated could amount to 70-85% (Tang et al. 2009), which in turns accounts to 30-60% of the biochemical oxygen demand (BOD) generated in beer production process. The generated BSG can however be used in wet Abstract: Bakery and pastry products such as cookies are usually produced from wheat flour and as such contribute to high foreign exchange for tropical countries where such cereal is not cultivated. In view of this, we evaluated the engineering economics for the utilization of dried brewers' spent grain, groundnut cake and sorghum flour in the industrial production of cookies. The production was based on the assumption that the cash flow was uniform over the plant life (i.e. 10 years) with no salvage value. The equipment required for the production process was identified and estimates obtained from equipment manufactures. The production of the cookies was based on constant mass flow rate of 90 packets/min. The effects of uncertainties on cookie production were evaluated by varying the operation days (330, 300 and 250 days) and also by varying the price of some key variables required for the production processes. The results indicate that the capital cost (fixed and working capital) and the annual production cost (APC) were US$1.39×10 6 and US$10.08×10 6 /year, respectively. The after tax annual revenue was US$1.63×10 6 /yr. The return on investment (ROI), single payback period (SPBP), discounted payback period, gross margin and internal rate of return (IRR) of the pl...
“…The NPV for the project decreases as the discount rate increases. This result correlates with earlier reports from Kadiri et al (2016) and Taiwo et al (1997). Apart from the NPV, DPBP and the IRR were used to evaluate the profitability of the processing plant.…”
Open Agriculture. 2017; 2: 401-410 300 and 250 days. The difference between operation times lies in the profitability, which decreases as the number of days reduces. Based on the result of this analysis, brewers' spent grain, groundnut cake, and sorghum flour can be utilized in industrial production of cookies with guaranteed profitability.Keywords: Economic evaluation; Brewers' spent grain; Groundnut cake; Sorghum flour; Return of investment; Internal rate of return
IntroductionCookie consumption in the world today had increased owing to convenience, sales price, and extendable shelf life (Agama-Acevedo et al. 2012). There had been increased consumption of processed food such as bakery and pastry products due to urbanization thereby leading to excessive increase in production cost as well as the demand for wheat importation -a major raw material used in producing these baked products (Dotsey 2009). The cost of importation of wheat flour used in producing different kinds of baked goods had been of major concern because it contributes to high foreign exchange, hence the need to explore the locally available raw material such as brewers' spent grain for the production of rich fibre gluten free cookies (Igbabul et al. 2014).Brewers' spent grain (BSG) is a by-product of the mashing process, one of the unit operations involved in brewing which brings about the solubility of malt and cereal grains to ensure maximum extraction of the wort (Fillaudeau et al. 2006). Following the separation of BSG from wort, the quantity of brewers' spent grain (BSG) generated could amount to 70-85% (Tang et al. 2009), which in turns accounts to 30-60% of the biochemical oxygen demand (BOD) generated in beer production process. The generated BSG can however be used in wet Abstract: Bakery and pastry products such as cookies are usually produced from wheat flour and as such contribute to high foreign exchange for tropical countries where such cereal is not cultivated. In view of this, we evaluated the engineering economics for the utilization of dried brewers' spent grain, groundnut cake and sorghum flour in the industrial production of cookies. The production was based on the assumption that the cash flow was uniform over the plant life (i.e. 10 years) with no salvage value. The equipment required for the production process was identified and estimates obtained from equipment manufactures. The production of the cookies was based on constant mass flow rate of 90 packets/min. The effects of uncertainties on cookie production were evaluated by varying the operation days (330, 300 and 250 days) and also by varying the price of some key variables required for the production processes. The results indicate that the capital cost (fixed and working capital) and the annual production cost (APC) were US$1.39×10 6 and US$10.08×10 6 /year, respectively. The after tax annual revenue was US$1.63×10 6 /yr. The return on investment (ROI), single payback period (SPBP), discounted payback period, gross margin and internal rate of return (IRR) of the pl...
“…However, Christopher and Dosunmu, (2011) reported a slightly higher protein content in African star apple fruits Chrysophyllum albidium (5.66±0.01) when compared to that of S. malaccense (5.43±0.06). C. albidum is a seasonal forest tree species of great potential; juice and wine have been reportedly produced from its fruit sap (Jimoh et al, 2014;Kadiri et al, 2016), hence several forest fruits not presently considered as staple fruits in our diets are rich in protein content and can contribute to food security in sub Saharan West Africa. Although fats formed a major source of energy in the body, Mgbemena et al, (2019) recommends a maximum daily intake of 30 calories for adult to avoid obesity, diabetes and heart diseases.…”
This study aimed to assess the nutritional and trace elements composition of selected forest fruits sold for human consumption in Port Harcourt. Fruit contamination by heavy metals is an issue of global concern. Nondegradable elements bioaccumulations in tissues and organs have deleterious effects in man. Three (3) Agroforestry fruits species; (Spondias cytherea L. (Anacardiaceae), Syzygium malaccense (L.) Merr. & L. M. Perry Myrtaceae and Cola pachycarpa K. Schum. Malvaceae) were purposefully selected and sourced from three strategically located markets namely; Oil mill, Choba and D/line fruit markets. The fruit species were procured and washed with distilled water and the edible parts extracted, chopped and sun dried properly. The nutritional composition was analyzed using 18th edition of the Association of Official Analytical Chemist while trace metals were analysed using PIXE Accelerator. Spondias cytherea yielded high percentage of crude Protein (8.373±0.1) and Fibre content (11.73±0.03), while Syzygium malaccense was rich in Fat (7.17±0.02) and Ash (4.17±0.04). Moisture content was highest in Cola parchycarpa (12.63±0.05). PIXE Accelerator analysis revealed that the fruits contain high concentration of trace metals; S. malaccense contained Mg (1170±237.0ppm), Si (60.02±68.95ppm), Al (14.89±7.71ppm), Fe (10. 60±4.11ppm), Rb (3.20±0.00ppm) and Ti (1.82±0.00ppm). C. parchycarpa had Zn (6.22±11.80ppm), Cr (1.60±0.75 ppm), Mn (0. 71±0.87ppm) and Cu (0.38±0.33ppm). Ni (0.16 ppm) was found only in S. cytherea fruit. The forest fruits are rich in nutrients vital for healthy growth but the level of heavy metals (Mg, Al. Cr, Fe and Zn) in each of the fruits were above WHO/FAO permissible limit, therefore excessive consumption on a daily/weekly routine should be avoided.
Keywords: Forest fruits, proximate, heavy metals, human health
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