Accession Number:

ADA003723

Title:

A Simulation Model of the Development of Petroleum Refining Capacity.

Descriptive Note:

Technical summary rept.,

Corporate Author:

WISCONSIN UNIV MADISON MATHEMATICS RESEARCH CENTER

Personal Author(s):

Report Date:

1974-11-01

Pagination or Media Count:

41.0

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.

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE