Oil Prices Turn-down and its Effects on Global Economy: A Descriptive Study of Saudi Arabia

This paper highlights oil prices turndown and its effect on the global economy in a descriptive study of Saudi Arabia. The reasons, consequences and an adaptation approach for the current oil crisis in Saudi Arabia have been addressed. Oil prices will most likely maintain the current low prices for at least the next two years as OPEC has not succeeded to offset oil supplies.   Reasons of the oil price turndown were found to be merely politically motivated than purely economic. However, both aspects will negatively affect the oil price and the crude oil sales volume. Consequences of oil price turndown manifest itself in reducing the levels of the currency valuation, business survival, and social standards. As a result, governmental subsides in fuel, water, and electricity will be revised. This will lead to several aggressive decision to stall or completely eliminate costly projects. The consequences are that private industries relying heavily on business with the public sector will be badly impacted, leading to significant layoffs.  Unemployment rate will, therefore, sharply increase, affecting the “Saudization” program.  Inflation would in turn increase and the economic growth decreased. To rectify the oil price crisis, a comprehensive approach has to be taken into consideration. The most important of which is to adopt a sustainable economy approach where dependence on oil export be alleviated. Keywords: OPEC, Oil, Turn-down, Global econom

MICRO-FACTORS INFLUENCING SITE SELECTION FOR SMALL AND MEDIUM ENTERPRISES (SMES) IN SAUDI ARABIA: ALHASSA AREA USING ANALYTICAL HIERARCHY PROCESS (AHP) ANALYSIS

Site selection is a complex task for decision makers. However, this task becomes more complicated with small and medium enterprises. Location selection decision involves selected octal-factors which influence the decision. This paper proposed micro-factors that influence site selection decision with a quantitative tool (AHP analysis) to rank which factor is most significant and vice versa. Outcome of this paper considerably matches perspectives of experts and owners of small businesses in Al- Hassa area who gave an accurate estimation of factors prioritization due to their experience in the region as well as the businesses

Supply Chain with Operational Research (OR) using Simulation: A Case Study Price of Oil and Production Fluctuation in Kingdom Saudi Arabia (KSA)

Present trends in fluctuations of oil price and production have an impact on supply chain (SC). The study concentrates on the computation on the impact on fluctuation of oil price and production in the kingdom of Saudi Arabia (KSA). The study is attractive and interesting because it uses stochastic simulation as the main and last resort of mathematical operational research (OR) technique and tracking signal. Excel was selected as the main candidate visual object event driven programming (VOEDP) for the computation. Keywords: Simulation, Stochastic simulation, Tracking signal, operational research (OR), Supply Chain

Behavioral Measurement of Young Generation towards Brand Products in Saudi Arabia: Al- Hassa Case Study

Brand products are rapidly prevailing in developed countries. The behavioral measurement and attitude among young generation is vital to understand in order to make a good marketing plan. This paper highlights the behavioral measurement of young generation towards brand products. It specifically measures  demographic variables ( age, gender, income, social status, education, employment status, friendship effect and price) towards the brand products. Methodology used is the quantitative method which is a self-administrated questionnaire  with 170 responses from the online/paper filling survey participation. SPSS is the software tool used for the statistical analysis to test the suggested hypothesis. Results showed that the price of well-known brand products affects the purchase process negatively. Although young people are interested in purchasing brand products, their low income prevents them from the buying process while they are considered as a major segmentation for brand names. Keywords: Young generation, Brand products, Al-Hass

Cement Industry in Saudi Arabia during (2009 – 2012) : Supply and Demand Analysis

The growth of mega projects in Saudi Arabia due to the overflow public budget is considered as major catalyst for cement industry . However, governmental rules contribute critically in monitoring and controlling in cement prices . So, companies can not raise prices even if different factors appear. In this paper, three cement companies are selected as samples of the sector: Southern Cement, Yamamah and Arabian Cement which analyzed by look to supply and demand side with their determinants during (2009 - 2012 ) by applying the law of supply and the law of demand. Also, the black market and the reasons of emergence are discussed. Finally, conclusion and implication are explained at the end. Keywords: Cement Industry, Saudi Arabia, Supply, Deman