A Crude Oil Economic Model for PSE applications

被引:0
作者
Manca, Davide [1 ]
Depetri, Valentina [1 ]
Boisard, Clement [1 ,2 ]
机构
[1] Politecn Milan, CMIC Dept, PSE Lab, I-20133 Milan, Italy
[2] ENSIACET, Proc & Informat Engn Dep, F-31030 Toulouse, France
来源
12TH INTERNATIONAL SYMPOSIUM ON PROCESS SYSTEMS ENGINEERING (PSE) AND 25TH EUROPEAN SYMPOSIUM ON COMPUTER AIDED PROCESS ENGINEERING (ESCAPE), PT A | 2015年 / 37卷
关键词
Crude oil; Economic model; Feasibility studies; Market uncertainty; MARKET;
D O I
暂无
中图分类号
TQ [化学工业];
学科分类号
0817 ;
摘要
The paper proposes a revised economic model to forecast the price of crude oil over medium- and long-term horizons so to take into account recent variations in both Brent and WTI quotations. This model uses as sampling interval the quarters, which cover most of Conceptual Design problems such as feasibility studies, economic assessments, and production/allocation planning. The elements of volatility and market fluctuations for supply-and-demand terms are taken into account by introducing the contributions of both producers (OPEC) and consumers (OECD).
引用
收藏
页码:491 / 496
页数:6
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