Combined generalized Hubbert-Bass model approach to include disruptions when predicting future oil production

Title: Combined generalized Hubbert-Bass model approach to include disruptions when predicting future oil production
Creator: Mohr, Steve H.; Evans, Geoffrey M.
Relation: Natural Resources Vol. 1, Issue 1, p. 28-33
Publisher Link: http://dx.doi.org/10.4236/nr.2010.11004
Publisher: Scientific Research
Resource Type: journal article
Date: 2010
Description: In a previous study the authors had developed a methodology for predicting global oil production. Briefly, the model accounted for disruptions in production by utilising a series of Hubbert curves in combination with a polynomial smoothing function. Whilst the model was able to produce predictions for future oil production, the methodology was complex in its implementation and not easily applied to future disruptions. In this study a Generalized Bass model ap-proach is incorporated with the Hubbert linearization technique that overcomes these limitations and is consistent with our previous predictions.
Subject: generalized bass model; Hubbert curve; oil production
Identifier: http://hdl.handle.net/1959.13/929092
Identifier: uon:10536
Identifier: ISSN:2158-706X
Language: eng
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