| Summary: | This study aims to analyze the feasibility of the development plan at the
University of Sibolga in economic context. The Studies is expected to provide
suggestions or feedback on the policy to be taken by the Government Sibolga.
This study used (1) primary data derived from the results of field surveys and (2)
secondary data from institutions involved in the research. The analytical tool used
in the study is the assessment of investment criteria consisting of Benefit Cost
Ratio (BCR), Net Present Value (NPV), Internal Rate of Return (IRR), Payback
Periods and sensitivity analysis. The Direct economic benefits derived from salary
increases productivity and indirect benefit is the increase in profit margin traders,
boarding sites. The analysis results with investment appraisal criteria suggested
the project life for 25 years at an interest rate of 10 percent, that make the
university establishment is worthy. Analysis of sensitivity to material price
increases of 10 percent and still benefit structure using the same assessment
criteria analysis which showed that feasibility value still can be achieved,
therefore, the university establishment is worthy to be implemented by the
Municipal Government of Sibolga.
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