Competitiveness and Profitability of First Generation Biofuel Price Following Ronald Aylmer Fisher's Normal Law
JOSIANE Jeannette
Doctoral student in 4th year of thesis, in Economics Management and Development of the Catholic University of Madagascar.
https://doi.org/10.47191/jefms/v5-i6-04ABSTRACT:
The existence of a linear and significant correlation of investment capitalization with the profitability generated by a formed price of a product remains one of the main foundations that ensures the viability of the company's activity. The research aims to form an equilibrium price of biofuel that is both competitive and profitable for the producing company. Our methodological approach consists of analyzing all the determinants that could favor the equilibrium price of jatropha biofuel – from input to output – using exhaustive studies of biofuel quality and efficiency in the Institute Malagasy of Application Research _ IMRA laboratory and the processing of information and panel data according to the Ronald Aylmer Fisher normal law probability test. The results on the feasibility of the price are obtained from the analysis of indicators measuring the net present value, the profitability index, and the internal rate of return.
KEYWORDS:
Competitiveness, profitability, price, first generation biofuel
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