This work explores the relationship between price of crude oil and its production through an empirical study on regions Organization Petroleum Exporting Countries (OPEC) non-Organization (non-OPEC). The has recently been fluctuating greatly that it cannot be predicted; this fluctuation causes changes in prices raw materials for everyday life, thus affecting economy worldwide. To better understa...

a r t i c l e i n f o JEL classification: D42 Q40 C61 Keywords: Quantity instead of price strategies OPEC Dynamic Stochastic and convex demand Uncertainty This paper analyzes the optimal strategy of a monopoly facing stochastic and dynamic demand and choosing a Cournot-type strategy, more precisely, adjusting its output. This investigation is motivated by the decisions of OPEC to adjust its out...

the organization of the petroleum exporting countries (opec) has a key role in making universal political and economic decisions regarding petroleum. therefore, it seems highly important to assess the opec member’s degree of concentration and its monopoly.  this research, aims to assess and classify the concentration of petroleum export in the opec countries during the 1997-2011 period by the h...

In this paper, we propose novel decision support system (DSS) named OPEC-DSS to support OPEC’s decisions on oil production level. OPEC-DSS is based on two important factors in oil prices; the first is OPEC oil production level (OPEC-PL) and the second is USA oil imports level (USA-IL). The OPEC-DSS support the analysers and decision-makers in three following issues: 1) OPEC-DSS can propose the ...

capital market is one of the most important sectors of every economy. economic growth can lead to capital market boom and development, on the other hand, achieving desired economic growth and development is impossible without efficient financial institution and suitable funding resources. in this study the relationship between financial development and economic growth in opec countries and non-...

Declaration In accordance with the Regulations for Higher Degrees by Research, I hereby declare that the whole thesis now submitted for the candidature of Doctor of Philosophy is a result of my own research and independent work except where reference is made to published literature. I also hereby certify that the work embodied in this thesis has not already been submitted in any substance for a...