Abstract
The world today is facing an extreme crude oil crisis. Petroleum products in the primary form are largely consumed for transportation and industrial purposes. This paper deals with the development of a system dynamics model to simulate the rise in fuel consumption in a district in India. The main aim of the paper is to study the influence of dynamic factors: Population, Fuel prices, Gross domestic product (GDP) growth, and Segment wise increase in fuel consumption. The model is used to simulate the fuel requirements for the two decades from 2011. The simulation results have aided the formulation of policies to check the rising fuel consumption, based on the projected figures. Although the input parameters are at the regional level, the influence of the before mentioned factors can be generalized to the global level.
| Original language | English |
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| Title of host publication | Proceedings of the World Congress on Engineering 2012, WCE 2012 |
| Publisher | Newswood Limited |
| Pages | 1405-1410 |
| Number of pages | 6 |
| Volume | 3 |
| ISBN (Print) | 9789881925220 |
| Publication status | Published - 01-01-2012 |
| Event | 2012 World Congress on Engineering, WCE 2012 - London, United Kingdom Duration: 04-07-2012 → 06-07-2012 |
Conference
| Conference | 2012 World Congress on Engineering, WCE 2012 |
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| Country/Territory | United Kingdom |
| City | London |
| Period | 04-07-12 → 06-07-12 |
All Science Journal Classification (ASJC) codes
- Computer Science (miscellaneous)