Techno-economic evaluation of probioticated Kunu-zaki drinks produced from millet and cocoa powder
This work aimed at evaluating the techno-economic analysis of the production of probioticated Kunu-zaki drinks using millet and cocoa powder. The production process was based on the assumption of a uniform cash flow over a period of 10 years. The equipment for the production process was identified based on the process flow chart. The Kunu-zaki production process was based on a constant mass flow of 7500 packets/hr while the sensitivity of the plant was examined by varying the plant operation days. The techno-economic analysis of the plant revealed that the capital cost and annual operation cost were N6.26 ×108 and N2.67× 109, respectively. The annual revenue after tax was N6.56 × 108 while the return of investment, single payback period, discounted payback period, gross margin and internal rate of return were 64.1%, 1.56 years, 2.06 years, 23.11 and 82.38%, respectively. The sensitivity analysis of the plant revealed the feasibility of the plant at 330 and 300 operation days.
Authors
- Babatunde Olawoye (ORCID: https://orcid.org/0000-0002-3089-1196)
- Ayodeji Fisayo Afolayan (ORCID: https://orcid.org/0000-0002-7224-6988)
- Omotade R. Ogunremi (ORCID: https://orcid.org/0000-0002-6749-7547)
Institutions
- Abiola Ajimobi Technical University Ibadan (NG)
Publication Details
- Journal
- Proceedings of the Nigerian Academy of Science
- Published
- 2024-12-30
- DOI
- https://doi.org/10.57046/jlmg6612
- Primary Topic
- Food composition and properties
- Type
- article
- Field-Weighted Citation Impact
- 0.00