On the optimal level of a small country's strategic petroleum reserve
On the optimal level of a small country's strategic petroleum reserve
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DOI：
10.1016/0377-2217(85)90059-1
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发表时间：
1985-05
影响因子：
6.4
通讯作者：
J. Samouilidis;Vangelis Magirou
中科院分区：
文献类型：
--
作者：
J. Samouilidis;Vangelis Magirou
有关一国战略石油储备的决定必须考虑到其石油进口的内在风险水平、进口水平不足所造成的成本、储存成本以及最后考虑到储存交易对敏感的现货石油市场的影响。当然，小国不需要考虑它们对全球市场的影响，这一事实大大简化了它们的决策问题。我们提出了这样一个简单的决策模型，一个小国的石油储备，其中除了上述因素考虑到该国的炼油能力的不确定性。一个完整的分析处理是可行的，这个模型，并提出了一个具体的数值例子的情况下，希腊。
Decisions relating to a country's strategic petroleum reserve must take into account the level of risk inherent in its petroleum imports, the cost resulting from any shortfall in the import level, the cost of storage, and finally the effects of stockpiling transactions on the sensitive spot oil markets. Of course, small countries need not take into account their effect on the global market, a fact that drastically simplifies their decision problem. We present such a simple decision model for a small country's petroleum reserve which in addition to the above factors take into account the uncertainty of the country's refining capacity. A complete analytical treatment is feasible for this model, and a specific numerical example is presented for the case of Greece.