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2.2. Process models

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  • Labys, Walter C.
  • Asano, Hiroshi

Abstract

Process models represent a particular class of engineering-economic models. Their purpose is to analyze commodity and transformation processes and the economic structures that control and influence these procedures. The theory of these models is introduced, followed by an example from the industry. Other applications also are reviewed.

Suggested Citation

  • Labys, Walter C. & Asano, Hiroshi, 1990. "2.2. Process models," Energy, Elsevier, vol. 15(3), pages 237-248.
    • Handle: RePEc:eee:energy:v:15:y:1990:i:3:p:237-248
    DOI: 10.1016/0360-5442(90)90086-H
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    References listed on IDEAS

    as
    1. Michael Kennedy, 1974. "An Economic Model of the World Oil Market," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 540-577, Autumn.
    2. Labys, Walter C. & Yang, Chin W., 1980. "A quadratic programming model of the Appalachian steam coal market," Energy Economics, Elsevier, vol. 2(2), pages 86-95, April.
    3. Paul L. Eckbo & Henry D. Jacoby & James L. Smith, 1978. "Oil Supply Forecasting: A Disaggregated Process Approach," Bell Journal of Economics, The RAND Corporation, vol. 9(1), pages 218-235, Spring.
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