Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 1982. / MICROFICHE COPY AVAILABLE IN ARCHIVES AND ROTCH / Bibliography: leaves 75-76. / by Oscar Salazar Rodriguez. / M.C.P.

Companies face vital problems when implementing performance management in cross cultural context. Several attempts have been made to analyse employee performance management in the cultural and industrial context. However, the lack of studies of performance management in cultural and industrial context necessitates this phenomenon to be investigated in various cultures and contexts for sound academic contributions. The present study aims to investigate cultural and industrial influences on the general characteristics, criteria formulation and employee acceptance of performance management in cultural context. This study used a qualitative approach and is based on nine case studies in Azerbaijan. The study adopted semi structured in-depth interview and document analysis as the data collection methods. The results showed that the legal context is the most influencing dimension on the performance management system in Azerbaijan. The thesis concludes criteria for performance is the choice of management philosophy which is a cultural factor. The findings indicate that employees accept performance management positively when the process is implemented fairly. The findings of this study provide a solid evidence base for considering country culture and industry characteristics in implementing performance management. It is evidently clear from the findings that both local and international companies are faced with different problems when implementing performance management in the cross cultural context of Azerbaijan. This study should therefore be of value to practitioners wishing to overcome certain cultural and industrial related problems during implementation of performance management in host companies. In addition, the study contributed certain evidence of the cross cultural performance management process in the various context for the science.

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This study was designed to determine whether Time, Newsweek and U.S. News & World Report news magazines expressed. opinions in their coverage of four topics concerning the 1979 energy crisis: United States government, OPEC, oil companies, and consumers. A content analysis of all stories in the three magazines from May to December 1979 indicated that Time was the most opinionated, U.S. News & World Report was second, and Newsweek was most neutral in coverage of the energy crisis. The percentage of article space allotted had no apparent effect upon the magazines' handling of those topics.

Since no local crude oil sources exist, every drop of petroleum consumed in Oregon originates from outside sources and is distributed multi-modally to consumers. As population continues to increase and oil sources dwindle, this reliance may add financial and environmental risks to Oregonian' s quality of life. This paper examines Oregon's oil distribution system, and analyzes the risks oil movements pose in the state. A comprehensive understanding of oil distribution in Oregon can best be gained geographically. Pipelines, ships, barges, railroads and trucks play different roles in this system, yet data for these transport modes are maintained by different groups and unstandardized. Therefore, the data must be normalized to present a map of how oil is being moved around the state. This study sets all levels to a barrels (42 U.S. gallons) per month (assumed 30 days) standard. Oil's role in the economy of our state, most noticeably in the sale of motor gasoline, creates different types of risk. The most obvious risk results from transportation, and Oregon is plagued daily by unintended releases. A second type of risk, supply risk, exists because of our reliance on the petroleum networks of Alaska, Washington and California, and was evident during the 1974 oil embargo. Lastly, economic risk should theoretically be present since Oregon is a downstream consumer from adjacent states. During times of shortages, Oregon should be at the mercy of those who provide its supply. The data do not support this, but suggest that oil is purely a global commodity, and price and supply are determined worldwide in response to typical marketing forces. The distribution systems detailed herein are dynamic, and outside forces such as the proposed export of Alaskan crude oil, the increased exploration of offshore oil fields, and the development of a cross-Cascades pipeline may alter this scheme. Oregonians can ensure the most effective petroleum distribution systems only by understanding them and their associated risks.

This study attempts to resolve two important issues. First, it investigates the diversification benefit of crude oil for equities. Second, it examines whether or not crude oil derivatives transactions by oil and gas producers can change shareholders' wealth. With these two major goals in mind, I study the risk and return profile of crude oil, the value effect of crude oil derivatives transactions, and the systematic risk exposure effect of crude oil derivatives transactions. In contrast with previous studies, this study applies the Goldman Sachs Commodity Index (GSCI) methodology to measure the risk and return profile of crude oil. The results show that crude oil is negatively correlated with stocks so adding crude oil into a portfolio with equities can provide significant diversification benefits for the portfolio. Given the diversification benefit of crude oil mixed with equities, this study then examines the value effect of crude oil derivatives transactions by oil and gas producers. Differing from traditional corporate risk management literature, this study examines corporate derivatives transactions from the shareholders' portfolio perspective. The results show that crude oil derivatives transactions by oil and gas producers do impact value. If oil and gas producing companies stop shorting crude oil derivatives contracts, company stock prices increase significantly. In contrast, if oil and gas producing companies start shorting crude oil derivatives contracts, stock prices drop marginally significantly. Thus, hedging by producers is not necessarily good. This paper, however, finds that changes in policy regarding crude oil derivatives transactions cannot significantly affect the beta of shareholders' portfolios. The value effect, therefore, cannot be attributed to any systematic risk exposure change of shareholders' portfolios. Market completeness, transaction costs, and economies of scale are identified as possible sources of value effect. The following conclusions have been obtained in this study. Crude oil provides significant diversification benefits for equities. In the presence of market imperfections, crude oil derivatives transactions by oil and gas producers may change shareholders' wealth, even though crude oil derivatives transactions by oil and gas producers do not have significant effect on the systematic risk exposures of companies.

This is the first academic study of well costs and drilling times for Australia???s petroleum producing basins, both onshore and offshore. I analyse a substantial database of well times and costs sourced from government databases, industry and over 400 recent well completion reports. Three well phases are studied - Pre-Spud, Drilling and Completion. Relationships between well cost factors are considered, including phase time, phase cost, daily cost, rig day rate, well depth, basin, rig type, water depth, well direction, well objective (e.g. exploration), and type of completion (P&A or producer). Times and costs are analysed using scatter plots, frequency distributions, correlation and regression analyses. Drilling times are analysed for the period 1980 to 2004. Well time and variability in well time tend to increase exponentially with well depth. Technical Limits are defined for both onshore and offshore drilling times to indicate best performance. Well costs are analysed for the period 1996 to 2004. Well costs were relatively stable for this period. Long term increases in daily costs were offset to some extent by reductions in drilling times. Onshore regions studied include the Cooper/Eromanga, Surat/Bowen, Otway and Perth Basins. Offshore regions studied include the Carnarvon Basin shallow and deepwater, the Timor Sea and Victorian Basins. Correlations between regional well cost and well depth are usually high. Well costs are estimated based on well location, well depth, daily costs and type of completion. In 2003, the cost of exploration wells in Australia ranged from A$100,000 for shallow coal seam gas wells in the Surat/Bowen Basins to over A$50 million for the deepwater well Gnarlyknots-1 in the Great Australian Bight. Future well costs are expected to be substantially higher for some regions. This study proposes methods to index historical daily costs to future rig day rates as a means for estimating future well costs. Regional well cost models are particularly useful for the economic evaluation of CO2 storage sites which will require substantial numbers of petroleum-type wells.

This thesis reports on a quantitative exposure assessment and on an analysis of the attributes of the data used in the estimations, in particular distinguishing between its uncertainty and variability. A retrospective assessment of exposure to benzene was carried out for a case control study of leukaemia in the Australian petroleum industry. The study used the mean of personal task-based measurements (Base Estimates) in a deterministic algorithm and applied factors to model back to places, times etc for which no exposure measurements were available. Mean daily exposures were estimated, on an individual subject basis, by summing the task-based exposures. These mean exposures were multiplied by the years spent on each job to provide exposure estimates in ppm-years. These were summed to provide a Cumulative Estimate for each subject. Validation was completed for the model and key inputs. Exposures were low, most jobs were below TWA of 5 ppm benzene. Exposures in terminals were generally higher than at refineries. Cumulative Estimates ranged from 0.005 to 50.9 ppm-years, with 84 percent less than 10 ppm-years. Exposure probability distributions were developed for tanker drivers using Monte Carlo simulation of the exposure estimation algorithm. The outcome was a lognormal distribution of exposure for each driver. These provide the basis for alternative risk assessment metrics e.g. the frequency of short but intense exposures which provided only a minimal contribution to the long-term average exposure but may increase risk of leukaemia. The effect of different inputs to the model were examined and their significance assessed using Monte Carlo simulation. The Base Estimates were the most important determinant of exposure in the model. The sources of variability in the measured data were examined, including the effect of having censored data and the between and within-worker variability. The sources of uncertainty in the exposure estimates were analysed and consequential improvements in exposure assessment identified. Monte Carlo sampling was also used to examine the uncertainties and variability associated with the tanker drivers' exposure assessment, to derive an estimate of the range and to put confidence intervals on the daily mean exposures. The identified uncertainty was less than the variability associated with the estimates. The traditional approach to exposure estimation typically derives only point estimates of mean exposure. The approach developed here allows a range of exposure estimates to be made and provides a more flexible and improved basis for risk assessment.

The term "sustainable development" describes certain proposals designed to provide the present generation with such needs as food, shelter, and energy while sustaining the environment or stock of natural resources for future generations. The purpose of this paper was to analyze the relationship between sustainable development and current U.S. petroleum policy. Information was gathered from newspapers, journals, government publications, and other relevant literature. The paper provided an overview of sustainable development, a history of u.s. petroleum policy, and an analysis of the congruence of sustainable development and current u.s. petroleum policy. The analysis showed that U.S. petroleum policy does not reflect the tenets of sustainable development. The paper examined three factors, other than the structure of America's government and decision-making process, that might explain the discrepancy between sustainable development and U.S. petroleum policy. These factors were widespread political inaction among Americans, negative interpretations of sustainable development, and a similarity between the intentions underlying both sustainable development and the problems it seeks to solve. The paper closed with some general speculations about sustainable development. / Graduation date: 1992

Thesis (Ph. D.)--University of Missouri-Columbia, 2001. / Typescript. Vita. Includes bibliographical references (leaves 206-217). Also available on the Internet.