A Simulation Model of the Development of Petroleum Refining Capacity.

Abstract

A recursive linear programming model of investment decision making is developed and used to simulate investment behavior in the U. S. petroleum industry. The model approximates industry performance from 1955-1971. This suggests that it would provide a useful tool for exploring the implications of environmental regulations and other policy issues involving the industry.

Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1974
Accession Number
ADA003723

Entities

People

  • M. A. Lindsay

Organizations

  • University of Wisconsin–Madison

Tags

DTIC Thesaurus Topics

  • Chemical Industry
  • Computer Programming
  • Environmental Protection
  • Investments
  • Linear Programming
  • Materials
  • Materials Processing
  • Petroleum
  • Petroleum Industry
  • Refining
  • Regulations
  • Simulations

Readers

  • Adaptive Control and Estimation with Uncertainty in Dynamic Systems.
  • Computational Modeling and Simulation
  • Energy Conservation and Renewable Energy Engineering.