On the optimal level of a small country's strategic petroleum reserve

Samouilidis, JE; Magirou, VF

dc.contributor.author	Samouilidis, JE	en
dc.contributor.author	Magirou, VF	en
dc.date.accessioned	2014-03-01T01:06:27Z
dc.date.available	2014-03-01T01:06:27Z
dc.date.issued	1985	en
dc.identifier.issn	0377-2217	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/9389
dc.relation.uri	http://www.scopus.com/inward/record.url?eid=2-s2.0-0022061331&partnerID=40&md5=c105c4e0c1bf67b272cde56847f06e19	en
dc.subject	Energy	en
dc.subject	petroleum	en
dc.subject	storage	en
dc.subject.classification	Management	en
dc.subject.classification	Operations Research & Management Science	en
dc.subject.other	DECISION THEORY AND ANALYSIS	en
dc.subject.other	ENERGY MANAGEMENT - Greece	en
dc.subject.other	MATHEMATICAL PROGRAMMING	en
dc.subject.other	EXTREME RESERVE POSITIONS	en
dc.subject.other	OPTIMALITY CONDITIONS	en
dc.subject.other	STRATEGIC PETROLEUM RESERVE	en
dc.subject.other	ENERGY POLICY	en
dc.title	On the optimal level of a small country's strategic petroleum reserve	en
heal.type	journalArticle	en
heal.language	English	en
heal.publicationDate	1985	en
heal.abstract	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. © 1985.	en
heal.publisher	ELSEVIER SCIENCE BV	en
heal.journalName	European Journal of Operational Research	en
dc.identifier.isi	ISI:A1985AGL8900008	en
dc.identifier.volume	20	en
dc.identifier.issue	2	en
dc.identifier.spage	190	en
dc.identifier.epage	197	en