Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal International Journal of Economics Development Research (IJEDR)
Al Uwaimri, Ahmed
Unknown Affiliation
Economics, Econometrics & Finance Social Sciences

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : International Journal of Economics Development Research (IJEDR)

 1 
Measuring the Impact of Apply Reverse Engineering Approach to Production Cost Reduction on The Economic Growth Al Uwaimri, Ahmed
International Journal of Economics Development Research (IJEDR) Vol. 6 No. 2 (2025): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v6i2.4595

Abstract

The quantitative results from the application of the reverse engineering approach showed a reduction in extraction costs by $1.8, compared to the target reduction of $3.8. Meanwhile, the total cost per oil barrel increased to $27, exceeding the target cost of $25.2 per barrel. Oil production in the Sultanate of Oman increased by 3.6%, reaching 3,323,800 barrels by the end of January 2023. The average oil price in 2022 was $94 per barrel. Based on these figures, the profit margin after achieving the target cost reduction is $94 – $25.2 = $68.8, resulting in a total profit of 3,323,800 × $68.8 = $228,677,440. The reverse engineering approach in reducing production costs helps increase profit margins and supports oil-based economies in generating higher revenues, thereby contributing to the promotion of economic growth in oil-exporting countries. As an innovative tool, the application of reverse engineering in production cost reduction demonstrates a significant impact on promoting economic growth in oil-exporting economies.
Co-Authors