Analysis of Investment Decision System for Oil Companies Based on System Dynamic Principles
In order to escape of risk and gain high returns,it is important for oil companies to determine the scale and structure of investment in upstream business. By introducing system dynamic principles,this paper builds a system dynamics model of upstream investment decision on basis of the oil company’s practice in China. Empirical results show that total investment scale will decline and the proportion of exploration investment will also decrease as well as ascent of development investment ratio. System dynamics can be applied to analysis and forecast of upstream investment scale and structure as a new method and provide the basis for making decision.
system dynamics upstream investment investment decision system oil company
Qing Wang Baosheng Zhang Yongqing Shang
School of Business Administration,China University of Petroleum (Beijing) Beijing,P.R.China,102200 School of Business Administration, China University of Petroleum (Beijing) Beijing,P.R.China,102200
国际会议
香港
英文
214-217
2010-08-17（万方平台首次上网日期，不代表论文的发表时间）