An Approach to the Simulation of International Oil Trade

Ermoliev, Y.M. & Papin, A. (1982). An Approach to the Simulation of International Oil Trade. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-82-045

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This paper describes the Simulation Model for International Oil Trade (SMIOT) developed at IIASA in 1979. The model is designed to calculate balanced states for the oil market taking into account the conflicts of interests between exporters and between importers. One of the main objectives of this report is to discuss the philosophy behind this approach; particular attention is also paid to the gaming algorithm used to simulate the process of trade.

Item Type: Monograph (IIASA Working Paper)
Research Programs: Energy Program (ENP)
System and Decision Sciences - Core (SDS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:51
Last Modified: 27 Aug 2021 17:10

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