ANALYSIS OF UNCERTAINTIES IN CEMENT INDUSTRY IN TURKEY

Kemal Yildirim and Omer Arioz ()
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Omer Arioz: Anadolu University

Anadolu University Journal of Social Sciences, 2013, vol. 13, issue 3, 169-186

Abstract: Cement industry having 4,5 billion Dollars revenue and 1 billion Dollar export volume plays very important role in Turkey’s economy. Turkish cement industry is very sensitive to economic crisis and involves many uncertainties. In this study, price uncertainties, technological uncertainties, and price-technological uncertainties in Turkish cement industry were analyzed. The cement demand is mostly affected by demand to ready mixed concrete. Demand to cement is also related to the picture of construction industry and therefore cement demand increases with increase in investments. In this context, urban transformation projects and residential estate investments are very important for cement producers. Uncertainties in production costs cause important technological uncertainties in cement industry. One of the most remarkable price-technological uncertainties in cement industry is the limitations in carbon dioxide emission.

Keywords: Uncertainty; decision making; cement industry (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:and:journl:v:13:y:2013:i:3:p:169-186

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