Structure of the Petroleum Refining/Trade Flow Model

The Petroleum Refining/Trade Flow Model covers 30 countries/regions that correspond with the subjects of the Energy Demand Estimation Model described above. In the LP calculation performed in this flow model, as shown in Figure 2.3.1, an optimal solution is computed such that the overall cost including the chosen crude oils, processing cost and the product trade taken together becomes the lowest on a worldwide basis.

[Figure 2.3.1] Conceptual Diagram of LP Calculation for Petroleum Refining/Trade Flow Model