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Influence Of The Registration Of Vehicles Upon The Development Of The Romanian Oil Industry

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  • Adi Eleonor Trifu

Abstract

In order to survive the turbulence of the environment, managers of companies are called into question to develop sustainable ways of adaptation, which it will improve resistance against a potential perturbation and the response to the modification of the economic environment. The most recent important economic turbulence it was represented by the Economic Crisis, which affected all economic activities, including oil industries, by reducing the demand for crude oil, but also the demand for fuels. This event puts the companies in a special situation, because their analysis of the sustainability of the development of the oil specifically was made with the premise that oil demand will remain above 100 USD per barrel. The fuel demand slowly declines in the period of the Financial crisis mainly because of low need for transport services for goods and persons. The main objective of this paper is to identify the influence of some environmental factors like the evolution of the registrations of new vehicles, registrations of second hand vehicles and re-registrations of vehicles. The goal is to of research provides evidence that the influence exists. Data was gathered from companies’ quarterly reports, statistical yearbooks and other databases. The methods used are simple linear regression, using one x-variable a time, because of the limited data, in order to evidence the relation with the function Y represented by quarterly sales revenues.

Suggested Citation

  • Adi Eleonor Trifu, 2014. "Influence Of The Registration Of Vehicles Upon The Development Of The Romanian Oil Industry," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 8(1), pages 278-289, November.
    • Handle: RePEc:rom:mancon:v:8:y:2014:i:1:p:278-289
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