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Economic Assesstment of Satellite Remote Sensing Data in Indonesia: A Net Present Value Approach

Author

Listed:
  • Shinta Rahma Diana

    (Center for Aerospace Policy Studies (LAPAN), Indonesia,)

  • Agus Hidayat

    (Center for Aerospace Policy Studies (LAPAN), Indonesia,)

  • Astri Rafikasari

    (Center for Aerospace Policy Studies (LAPAN), Indonesia,)

  • Ida Musdafia Ibrahim

    (Department of Management STIE Y.A.I, Jakarta, Indonesia,)

  • Farida Farida

    (Faculty of Economics and Business, UPI YAI Jakarta Endonesia)

Abstract

This study aims to assess the feasibility of remote sensing activities in Indonesia by using the net present value (NPV) approach. Although these remote sensing activities have been going on for a long time in Indonesia, the economic assessment of the use of remote sensing data has never been done. The research object is remote sensing data of very high, high, medium, and low resolution which has been distributed by The Indonesian National Institute of Aeronautics and Space (LAPAN) to government institution users. The data used for cash inflow is secondary data with a period of 2015 to 2017, while cash outflows are data on investment values from 2013 to 2017. Data analysis uses a qualitative descriptive analysis method based on the calculation of the NPV value generated. The results showed that the remote sensing activity had a positive NPV both in total and by type of resolution. Remote sensing activities in Indonesia deserve to be continued and developed.

Suggested Citation

  • Shinta Rahma Diana & Agus Hidayat & Astri Rafikasari & Ida Musdafia Ibrahim & Farida Farida, 2019. "Economic Assesstment of Satellite Remote Sensing Data in Indonesia: A Net Present Value Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 9(1), pages 140-146.
    • Handle: RePEc:eco:journ1:2019-01-17
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    References listed on IDEAS

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    1. Robert C. Merton, 2005. "Theory of rational option pricing," World Scientific Book Chapters, in: Sudipto Bhattacharya & George M Constantinides (ed.), Theory Of Valuation, chapter 8, pages 229-288, World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

    1. Shinta Rahma Diana & Ida Musdafia Ibrahim, 2020. "Intangible economic benefit of remote sensing data in Indonesia," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(7), pages 150-159, December.

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    More about this item

    Keywords

    Economic Value; Net Present Value; Remote Sensing; Government Expenditure;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H59 - Public Economics - - National Government Expenditures and Related Policies - - - Other

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