NDLI: Research on the impact of international crude oil price fluctuation and oil import to China's GDP

Content Provider	IEEE Xplore Digital Library
Author	Zhang Chuan-ping Cao Xiao Zhao Ya-nan Zhang Jing Yu Lei
Copyright Year	2013
Description	Author affiliation: Sch. of Econ. & Manage., China Univ. of Pet., Qingdao, China (Zhang Chuan-ping; Cao Xiao; Zhao Ya-nan; Zhang Jing; Yu Lei)
Abstract	In recent years, China's degree of dependence on foreign oil has been getting higher and higher. The fluctuation of international crude oil price has an enormous influence on China's import of crude oil, which continually shocks the economic development of China. In this paper, the Markov Property of international oil price fluctuation is proven, and Markov Chain's stable State Transition Probability is calculated. Under each Markov state, the GDP cost about every import policy is calculated. Finally Linear Programming Model is build which can get the optimal import policy. By the model, this paper estimates that the fluctuation of the international oil price can cause a loss about 47.078 billion Yuan to GDP in a single month. Besides, we get some decision making methods according to the state of international oil price. Finally, based on the research, four suggestions to oil importing are put forward in the paper.
Starting Page	1168
Ending Page	1173
File Size	380270
Page Count	6
File Format	PDF
ISBN	9781479904730
ISSN	21551855
e-ISBN	9781479904747
DOI	10.1109/ICMSE.2013.6586422
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2013-07-17
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Analytical models Linear Programming model Fluctuations Economic indicators optimal import policy GDP loss Markov Chain Markov processes Predictive models Probability Linear programming international crude oil price fluctuation
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Computing Optimal Selling Rules for Stocks Using Linear Programming

On the world energy price-gdp relationship (2007).

The Impact of Oil Price Fluctuations on Consumption, Output, and Investment in China's Industrial Sectors

Forecasting the Fluctuation of Oil Price Based on Hull-White Model

China's gross domestic product forecast based on the grey system theory

Crude oil Price Fluctuations to Kazakhstan Economic Impact Analysis

Study and empirical analysis on influence of monetary policy on stock market price in China based on Golden model

Ruin Probability in Discrete Time Risk Model with Constant Interest Rate

Apply Gray-Markov Model to predict construction disaster death toll

Research on the impact of international crude oil price fluctuation and oil import to China's GDP

Similar Documents

Computing Optimal Selling Rules for Stocks Using Linear Programming

On the world energy price-gdp relationship (2007).

The Impact of Oil Price Fluctuations on Consumption, Output, and Investment in China's Industrial Sectors

Forecasting the Fluctuation of Oil Price Based on Hull-White Model

China's gross domestic product forecast based on the grey system theory

Crude oil Price Fluctuations to Kazakhstan Economic Impact Analysis

Study and empirical analysis on influence of monetary policy on stock market price in China based on Golden model

Ruin Probability in Discrete Time Risk Model with Constant Interest Rate

Apply Gray-Markov Model to predict construction disaster death toll

Research on the impact of international crude oil price fluctuation and oil import to China's GDP