Presentation of My Personal Statement

By: Nadhmi AlkhamisDate: Jan, 2016 

Outline

1My Personal Statement

Vision, Mission, Values, Goals

2My Education

A multidisciplinary Education

3My Field Experience

A rich experience with high technology focus

4My Research Statement

Solid Research Interest

5My Research

Many Research Examples

6Values and Contribution

Ability to deliver

What are the prospective values

and contributions that I can deliver?

MissionTo contribute to the process of transforming the Saudi economy to a knowledge-based economy and tap its potential.

ValuesInsightful economic research, transforming academic research into practical exertion, team work sprit, initiative, pay intention to details, command of communication skills, and full commitment.

GoalsTo work through a leading organization to be in the arrow head of this transformation.

VisionSaudi Economy has the potential to become a well developed Economy.

My Personal Statement

Petroleum EngineeringGraduated From Colorado School of Mines with MS in 2008

Electrical EngineeringGraduated From King Fahad University of Petroleum and Minerals with BS in 1995

Financial & Operation/ Researches ModelingMinor Course work From Colorado School of Mines.

Energy EconomicsGraduated From Colorado School of Mines with MS in 2013

My Education

My PhD Topic: Integrating Markets’ Inefficiencies into CGE Framework

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02 03• Capturing Labor Market Inefficiencies by

Introducing Search/Match Frictions into CGE.

Integrating Equilibrium Unemployment Theory (EUT) with 2X2 Growth Model

• Comparison between Efficiency Measures and Market Policies like Taxes and their General Equilibrium Effects.

Integrating CAFÉ Standards Model with 2X2 Growth Model

• Capturing the uncertainty of one commodity Price and their effect in the transition to Knowledge Based Economy.

• The Impact of Climate Change Mitigation on Economy’s Energy Portfolio (Optional).

Integrating Real Options/ Portfolio Theory with Small Open Economy Model (KBE/CC)

• Integrating EUT, KBE, CAFÉ with a Small Open economy model by Introducing Penalty Function .

Putting All Models Together

• Hope to present a creative and innovative work!.

• Build on this for future work.

PhD Defense

My Practical Experience

03 Free Lancer

02 Petrophysicist, Baker Atlas

01 SCADA Software Engineer, SCECO-East

Work for SCECO-East

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Work for Baker AtlasJoined The custodians of the two Holy Mosques Scholarship Program and Start Studying MS in Petroleum Engineering

Graduated with MS in in Petroleum Engineering and Start PhD in Energy and Mineral Economics

Graduated with MS in in Energy and Mineral Economics and froze my PhD in Energy and Mineral Economics

• Maintained the Automatic Generation Control (AGC) software and updating the heat rate curves.

• Performed many SCADA work by adding newly build substations to the SCADA system and updating the existing substations.

• Conducted numerous of open hole and cased hole operations 

• In different oil and gas reservoirs to run resistivity, radioactive, acoustic, image tools and mechanical tools 

• By wireline, pipe conveyed logging, coil tubing, and tractor 

• To characterize reservoirs.

My Research Statement

Sustainable Growth

Energy Intensive Industries Exporting Oil as the 

main source of Income

To design of economic policy process, the motivation have raised as a result of many policies fall short to achieve

their intended goals.

I can help building a corporate strategy of National Oil companies (Saudi Aramco) as a pillar of the Saudi Economy. Since it can be considered as a private enterprise, it can foster the economy by leadership.

Another research goal is to study the impact of climate change policies on the Saudi Economy and its Energy

Portfolio

The transformation of economy through applying sciences and knowledge to each facet in the economy is indispensable to well diversified with sustaining potential GDP growth

My argument that Saudi Arabia as a country with more than 20 million in population can absorb domestically oil windfalls and FDI by developing economic channels

The central question is how to strategize optimal transformational path toward sustainable growth taken into consideration social constraints?

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My Research Methodology

Model Construction Use Economic Theory to construct a causal relationship between variables.

Simulation ApproachThe construction of an artificial environment within which relevant information and data can be generated. 

Quantitative CharacterizationBased on the quantitative characterization of some economic properties which are subjected to rigorous quantitative analysis in a formal and rigid manner.

Data AvailabilityBalancing Between Available Data and the Questions to be Answered Through Integrated Modeling. 

My Research Work

Integrating Equilibrium Unemployment Theory (EUT) with 2X2 Growth Model1

Integrating CAFÉ Standards into General Equilibrium Framework 2

Smart Grid 4

Integrating Real Options/Portfolio Theory Into General Equilibrium Framework 3

5The impact of Oil Extracting Technologies on

The oil Price Business Cycle

The Pilot model and Integrating models with Growth Models(Decomposition Method)

WhyPilot

Model?

Analytical analysis is perplex!

Analytical vs. Simulation

To provide preliminary insights To assess feasibility of a large, expensive full-scale study.

To test of the methods and procedures to be used on a larger scale And to narrow the focus

The objective of the pilot study

High Aggregation: Disregarding Heterogeneity Control of all other extraneous factors

Drawback of Pilot Models

• Using GAMS as a modeling software

Software

Integrating Equilibrium Unemployment Theory Into General Equilibrium Framework

The Thesis Question

What are the Impacts of Subsidizing Capital‐Intensive Sector on the Unemployment Rate on Dynamic 2X2 Growth Model Framework? 

Methodology

• Integrate two‐sector Ramsey growth model with Equilibrium Unemployment Theory (Search‐Match Frictions).

• Analytically, prove the balanced growth path of the integrated model is saddle path.

Outcome and other Advantages

• The results from the pilot model are: overall unemployment increases, and capital reallocate to subsidized sector.

• Capturing the sectorial allocation in response to labor market externalities and policies.

• Capturing bidirectional effects • Inclusion of labor market policies into general equilibrium framework.

Integrating CAFÉ Standards into General Equilibrium Framework

The Thesis Question

What is the effectiveness of the proposed policy of Corporate Average Fuel Economy (CAFE) standards on reducing the auto fuel consumption and limiting the Greenhouse Gas Emissions in the presence of fuel subsidy, energy efficiency gap and projected rebound effect in Saudi Arabia?

Methodology

• Integrate two‐sector Ramsey growth model with Auto industry model which captures Stock and flow of Vehicles, Consumer Behavior, and Producers Behaviors’ under CAFE Standards.

The Outcome

• While the effect of imposing tax is swift, the result of imposition of CAFE standers is protracted policy option because of stock effect.  

• Expenditure Substitution lessens the rebound effect depending on the income elasticity.

• Small‐size of the auto sector is heightened with controlled small elasticity of substitution of driving activity.

• Imposition of fuel tax decreases driving activity (public transportation) with no stock augmentation under Energy efficiency Gap Assumption

Fuel Saving

Driving

Fuel Saving

Driving

Integrating Real Options/Portfolio Theory Into General Equilibrium Framework

The Thesis Question

What are the potential scenarios of adopting Knowledge‐Based Economy to an economy, with initial conditions of certain preferences and one commodity as a major income, through managing the process of diversification by minimizing the impact of commodity price volatility and episodes, and sustaining potential GDP growth?

Methodology

Capturing the impact of the uncertainty of oil prices by Integrating “Real Options/Portfolio” Theory Into small open economy model and General Equilibrium Framework.

The Expected Outcome

The aim of this paper is to aid the policy maker about the preeminent paths of economic transformation and the available policy instruments to manage this process based in different initial assumptions about the economy , by showing not only the benefits, but also the costs of this transformation within reasonable time frame.Another Advantage: The method can benefit the cause of building Energy Portfolio. 

The Impact of Oil Extracting Technologies on The Oil Price Business Cycle

The Thesis Question

What is the impact of oil extracting technologies on the business cycle of the oil price?

Methodology

Use available data to establish a causality relationship between adopting new technologies like FRACK and the business cycle of the oil price?

The Outcome

Adopting new technologies during the ascending trend of oil price causes asymmetric shape of the business cycle of the oil price between the ascending and descending trends.Future Work:I am planning to publish it as a research paper using econometric modeling. Next: Given the demand forecast, Will the current dwindle in Oil and Gas Industry investment cause a new Oil price business cycle?

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Smart Grid

The Thesis Question

Does the smart grid concept able to meet the challenges of 21st century?

Methodology

Approaching to the conclusion through by portraying the strength and cost of adopting the smart grid.

The Outcome

The smart grid is capable of meeting the challenges of 21st

century with an advanced digital two ‐way power flow power system capable of self‐healing, and adaptive, resilient, and sustainable, with foresight for prediction under different uncertainties. It is equipped for interoperability with present and future standards of components, devices, and systems that are cyber ‐ secured against malicious attack.

Values That I can Deliver to the Proposed Position

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Quantitative Methods Econometrics, Computable General Equilibrium, Mathematical Modelling, Operations and Research, Optimization, Game Theoretic Modeling, and Real Options. 

Multidisciplinary ResearchDef. Involves drawing appropriately from multiple disciplines to redefine problems outside normal boundaries and reach solutions based on a new understanding of complex situation.Adv. Increase chances in high‐impact research and potential to get more output with less work.

Advanced Economic ModelingBalancing top‐down and bottom‐up processes. Integrate best‐in‐class economic modeling and forecasting as well as impact, trend and scenario analysis.The overarching goal is to provide an evidence‐based assessment of different policy options.

Field Experience Engaged in High‐Teck Professions with Steep Learning Curves. Over 10 years of experience in the oil industry and power industries Track record of evaluating and analyzing oil and Gas Reservoirs.

Profound Command on Energy Economics

All my education and field experience is centered around the role of energy in the economy. Interested in studying the nexus between energy and environment. Markets of Non‐Renewable, Renewables, and Electricity. Natural resource Economics.    

State-of-Art Treatment of Multifaceted Topics

A detailed view of navigation to different facets of the topics through Mining and Extracting relevant Information.Appling Advance analytical and inference techniques 

Understanding the SocietyCapturing important information about people's social and economic circumstances.The importance of considering the social Capital Upon the designing of the Policy Process

Bridging the Gap Between Engineering and EconomicsInterdisciplinary research perspective.Combining bottoms‐up innovations enhanced by top‐down policies. By bridging the collaboration gap between industry and academia to discover the roots.

Examples of Potential Contributions

Study the impact of Paris 2015 Climate Change Agreement and post 2020 negotiations on Kingdom’s Economy and its Energy Portfolio.

Impact of Climate Change Policies

Design dynamic social programs based on prospective economic growth, demographic evolution, and income inequalities like unemployment benefits, health care, subsidies, and social insurance. Suggest discriminatory system of  Entitlement with lower administrative cost.

Entitlement Programs

Fiscal Stability under Oil Price Uncertainty, Fiscal Discipline, Government Economic Institutions Functionality and Efficiency, The Role of the Government and Private Sector in the Economy.    

Government Studies

What are the potential scenarios of adopting Knowledge‐Based Economy to an economy, with initial conditions of certain preferences and Oil as a major income, through managing the process of diversification by minimizing the impact of Oil price volatility and episodes, and sustaining potential GDP growth?

Transition to Knowledge-Based Economy

State and Associate the Optimal Affiliation between Government and the Corporate. 

Government and The Corporate

Explore issues that have impact on functioning of the market such as choice, quality, sustainability, prices and information, as well as consumer and producer understanding, behavior and decision making.Design polices to force markets work better especially when distortions are not caused by law violations.Life Cycle Assessment, Techno‐Economic Assessment.

Miscellaneous Market Studies

Design a Sustainable Energy Portfolio Based on the Opportunity Cost of non‐Renewable and Renewable resources and uncertainty of oil price.  

Energy Portfolio

Through Utilizing Computable General Equilibrium, I can help to answer the question of “How KSA can optimize benefits from Globalization and avoid downsides given Kingdom's WTO agreement.” 

International Trade

THANK YOU