The influence of global benchmark oil prices on the regional oil spot market in multi-period evolution
作者: Meihui JiangHaizhong AnXiaoliang JiaXiaoqi Sun
作者单位: 1School of Humanities and Economic Management, China University of Geosciences, Beijing 100083, China
2Key Laboratory of Carrying Capacity Assessment for Resource and Environment, Ministry of Land and Resources, Beijing 100083, China
3Open Lab of Talents Evaluation, Ministry of Land and Resources, Beijing 100083, China
刊名: Energy, 2016
来源数据库: Elsevier Journal
DOI: 10.1016/j.energy.2016.10.104
关键词: Oil pricePeriodic evolutionTime seriesGrey relationWavelet
英文摘要: Abstract(#br)Crude benchmark oil prices play a crucial role in energy policy and investment management. Previous research confined itself to studying the static, uncertain, short- or long-term relationship between global benchmark oil prices, ignoring the time-varying, quantitative, dynamic nature of the relationship during various stages of oil price volatility. This paper proposes a novel approach combining grey relation analysis, optimization wavelet analysis, and Bayesian network modeling to explore the multi-period evolution of the dynamic relationship between global benchmark oil prices and regional oil spot price. We analyze the evolution of the most significant decision-making risk periods, as well as the combined strategy-making reference oil prices and the corresponding periods...
全文获取路径: Elsevier  (合作)
分享到:
来源刊物:
影响因子:3.651 (2012)

×