Simulation models
This paper summarizes some basic assumptions and procedures for simulation approaches. A brief discussion of system dynamics is presented. A description of the International Petroleum Exchange Model (IPE) developed at MIT is presented. As a simulation model of the world oil market, IPE shows the int...
| Main Authors: | , |
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| Format: | Article |
| Language: | en_US |
| Published: |
© Elsevier B.V.
2022
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| Online Access: | https://doi.org/10.1016/0360-5442(90)90096-K https://hdl.handle.net/1721.1/141494 |