V. Alfeo, A. Todaro, A. Asciuto, V. Borsellino, E. Schimmenti
{"title":"New development opportunities for the craft brewing segment: the case study of a micro-malthouse","authors":"V. Alfeo, A. Todaro, A. Asciuto, V. Borsellino, E. Schimmenti","doi":"10.1504/IJGSB.2017.10009848","DOIUrl":null,"url":null,"abstract":"In Italy in the past few years, the number of small breweries penetrating the craft beer sector has grown exponentially. Craft producers intend to give a strong added value and a local character to their production in different ways. One of these is the use of malt derived from small batches of local cereals and pseudo cereals. The aim of this study is the assessment of investment profitability, through a cost-benefit analysis (CBA), for a compact and a modular micro-malting plant in Sicily (Southern Italy). The CBA for a micro-malthouse was carried out considering both installation and operating costs. Net present value (NPV), discounted benefit-cost ratio (DBCR) and internal rate of return (IRR) highlight the feasibility of an investment in a compact 2-tonnes micro-malthouse. Sensitivity analysis shows positive results of the above financial indices up to a 15% increase in the raw material costs, while with a 10% reduction of malt selling price, the same indices start being negative.","PeriodicalId":35412,"journal":{"name":"International Journal of Globalisation and Small Business","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Globalisation and Small Business","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/IJGSB.2017.10009848","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 3
Abstract
In Italy in the past few years, the number of small breweries penetrating the craft beer sector has grown exponentially. Craft producers intend to give a strong added value and a local character to their production in different ways. One of these is the use of malt derived from small batches of local cereals and pseudo cereals. The aim of this study is the assessment of investment profitability, through a cost-benefit analysis (CBA), for a compact and a modular micro-malting plant in Sicily (Southern Italy). The CBA for a micro-malthouse was carried out considering both installation and operating costs. Net present value (NPV), discounted benefit-cost ratio (DBCR) and internal rate of return (IRR) highlight the feasibility of an investment in a compact 2-tonnes micro-malthouse. Sensitivity analysis shows positive results of the above financial indices up to a 15% increase in the raw material costs, while with a 10% reduction of malt selling price, the same indices start being negative.
期刊介绍：
The goal of the IJGSB is to explore the opportunities and threats of globalisation for small businesses as well as small businesses" strategic options in an increasingly global world. Dramatic changes in contemporary society and the economy have impacts on small businesses. The changing environment negatively influences the development and survival of smaller organisations in some areas and creates new opportunities for small businesses in others. Small firms" managers increasingly have to cope with global as well as local competitive dimensions. Research in this broad field thus is highly relevant.
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