Abstract: The study delved on improving and developing the Nueva Ecija University of Science and Technology Eco-park in Gabaldon, Nueva Ecija, Philippines into a tourist hub patterned after a feasibility study format with the application of some mathematical business simulation in excel spreadsheet, while introducing sensitivity analysis to predict future outcomes. The planned improvements, construction of new buildings and additional attractions/recreational facilities would necessitate an initial investment of P7+ million equivalent to U$157,000+ at the rate P45 to a dollar against the total development cost of P44+ million spread over a period of 5 years. The initial amount would be funded by the University, or thru a contractual agreement or Public-Private Partnership (PPP). Another P3 million cash would be infused on second year to sustain structure development; otherwise, the overall 5-year cash receipts would be enough for its financial requirements. Cash balances, income from operation, and the balance sheet indicated positive and steady financial performance. Return on investment is pegged at an average of 30+ percent annually, while payback period is less than five years. The application of sensitivity analysis under several discounted terms would still yield an encouraging business opportunity since such is only minimal and has only a slight effect in reference to its financial stability. Capacity building, a component of sustainability, as a way of endorsement in this study would further increase the eco-park’s productivity as it enhances human resource and organizational development, controlled processes, linkages with stakeholders and business partners, entrepreneurship, marketing and good governance practices included.
Keywords: eco-tourism, feasibility study, spreadsheet, sensitivity analysis, capacity building.
Title: VALUE ENHANCEMENTS OF STATE-OWNED ASSETS OF UNIVERSITIES AND COLLEGES IN THE PHILIPPINES THRU INCOME GENERATING PROJECTS
Author: Marilou P. Pascual
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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