Volume 29, Issue 5, 2020
DOI: 10.24205/03276716.2020.1053
Disaster Management Policy Development and Engineering Economics: An Analysis of Game-Changing Impact of COVID 19 on Oil-Power Industry, Environment, and Economy
Abstract
Dynamics of power are linked with sustainable development goals. These goals are dependent on the resources and management of development economics. The oil industry is the backbone of the economic profile of any country which is directly connected with power generation, industrialization, and the environment as well. In this study, a comparative performance analysis of five major oil-dependent economies has been conducted. The performance of these countries has been analyzed based on economics and the environment during pandemics. A war to piece relationship has also been discussed based on the oil industry. Furthermore, management policy has also been recommended to maintain oil pricing and economic management for sustainable development goals. This study will help to develop a comprehensive disaster management policy for sustainable development and engineering economics.
Keywords
Disaster; Management; Oil Industry; Environment; OPEC; Engineering Economics