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
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;
Conference_Titel :
Management Science & Engineering (ICMSE), 2014 International Conference on
Conference_Location :
Helsinki
Print_ISBN :
978-1-4799-5375-2
DOI :
10.1109/ICMSE.2014.6930312
