Supporting economic reform of the Chinese petroleum industry: a dynamic decision making model.: An article from: Engineering Economist

This digital document is an article from Engineering Economist, published by Institute of Industrial Engineers, Inc. (IIE) on September 22, 1996. The length of the article is 5736 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: This paper introduces a dynamic decision making model of China's petroleum Industry. The Chinese economy has experienced a series of economic reforms, in which China's petroleum industry has participated to a marked degree. The paper compares China's previous planned economy with the current Chinese style market economy. By analyzing the structure and operation of the market economy, the paper develops the dynamic decision making model. This model can carry out risk analyses of the economic evaluation in petroleum development programs, and optimization and coordination of various measures for enhancing production. These analyses not only aid enterprises in identifying the best investment plan for developing China's petroleum industry, but also increase productivity and profit of China's oil fields.

Citation Details
Title: Supporting economic reform of the Chinese petroleum industry: a dynamic decision making model.
Author: Guang-Yao Lee
Publication:Engineering Economist (Refereed)
Date: September 22, 1996
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: v42 Issue: n1 Page: p1(18)

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