DocumentCode
127134
Title
Agent-based modeling for oil pricing policy: Simulation and V&V test research
Author
Zhou Yong ; Mi Jia-ning
Author_Institution
Sch. of Manage., Harbin Inst. of Technol., Harbin, China
fYear
2014
fDate
17-19 Aug. 2014
Firstpage
815
Lastpage
819
Abstract
In this paper, we study the oil pricing policy by agent-based modelling. We discuss the oil pricing modelling from different agents, including Ministry of Finance, National Development and Reform Commission, Manufacturer, Distributor, Petrochemical Company, Group Consumers and Individual Consumer. The simulation and V&V research are conducted for the obtained models. The results show that the efficiency of the proposed models and the confidence level of thepresented pricing policy is coincident with the reality.
Keywords
crude oil; petroleum; pricing; Ministry of Finance; National Development and Reform Commission; V&V test research; agent-based modeling; confidence level; distributors; group consumers; individual consumer; manufacturers; oil pricing policy; petrochemical company; simulation research; Companies; Computational modeling; Finance; Petroleum; agent-based modelling; confidence level; public policy; v&v test;
fLanguage
English
Publisher
ieee
Conference_Titel
Management Science & Engineering (ICMSE), 2014 International Conference on
Conference_Location
Helsinki
Print_ISBN
978-1-4799-5375-2
Type
conf
DOI
10.1109/ICMSE.2014.6930312
Filename
6930312
Link To Document