Title :
An integrated world oil model for policy scenario analysis
Author_Institution :
Case Western Reserve University, Cleveland, Ohio
Abstract :
A world oil model has been developed in the context of the Mesarovic-Pestel World Model Project, and it is integrated with the other models of that project. A wide range of scenarios can be analyzed with this rather detailed model. For instance, we can study the pricing policies of the Mideast to discover the price levels which optimize long term Mideast economic growth. The implications of various price levels for importing nations can also be studied.
Keywords :
Africa; Economic indicators; Elasticity; Energy consumption; Europe; Fuel economy; Industrial economics; Petroleum; Power generation economics; Production;
Conference_Titel :
Decision and Control including the 13th Symposium on Adaptive Processes, 1974 IEEE Conference on
Conference_Location :
Phoenix, AZ, USA
DOI :
10.1109/CDC.1974.270435
