Published 1991
| Version v1
Book
Simulation of the optimal price in the case of crude oil
Creators
- 1. San Francisco Univ., CA (United States)
- 2. California State Univ., Fullerton, CA (United States)
Description
The optimal price trajectory of the exhaustible resources using the traditional Hotelling class of models yields a persistently rising trend. Other types of price trajectories can be obtained by using models which incorporate both production and exploration aspects. In this paper, a different version of such dynamic optimization models is simulated. In addition, a price trend for crude oil until the year 2020 is simulated and its implications are discussed
Additional details
Publishing Information
- Publisher
- Instrument Society of America.
- Imprint Place
- Research Triangle Park, NC (United States)
- ISBN
- 1-55617-326-1
- Imprint Title
- Advances in instrumentation and control
- Imprint Pagination
- 1972 p.
- Journal Page Range
- p. 1311-1318.
Conference
- Title
- Instrument Society of America (ISA) annual meeting.
- Dates
- 27-31 Oct 1991.
- Place
- Anaheim, CA (United States).
INIS
- Country of Publication
- United States
- Country of Input or Organization
- United States
- INIS RN
- 23060140
- Subject category
- S02: PETROLEUM;
- Resource subtype / Literary indicator
- Conference
- Descriptors DEI
- OPTIMIZATION; PETROLEUM; PRICES; SIMULATION; TRAJECTORIES; VISCOSITY
- Descriptors DEC
- ENERGY SOURCES; FOSSIL FUELS; FUELS
Optional Information
- Secondary number(s)
- CONF-9110271--.