Oil Transport Management by Y. H. Venus Lun Olli-Pekka Hilmola Alexander M. Goulielmos Kee-hung Lai & T. C. Edwin Cheng

Author:Y. H. Venus Lun, Olli-Pekka Hilmola, Alexander M. Goulielmos, Kee-hung Lai & T. C. Edwin Cheng
Language: eng
Format: epub
Publisher: Springer London, London

(3)The reader is asked to describe the concepts of economies of scale and scope in detail. The former was the most striking economic characteristic of oil transport for 111 years. Have these economies now ceased?

(4)What happens if there are economies arising from greater market shares?

(5)What is meant by “make”, “buy” or “make and buy” in relation to oil companies?

(6)What does outsourcing mean, and is it based on average cost per function? How does this compare with the cost outside the company?

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