Citation
Mohammadi, Sahra and Mohamed Arshad, Fatimah and Bala, Bilash Kanti and Ibragimov, Abdulla
(2015)
System dynamics analysis of the determinants of the Malaysian palm oil price.
American Journal of Applied Sciences, 12 (5).
pp. 355-362.
ISSN 1546-9239; ESSN: 1554-3641
Abstract
This paper investigates the major determinants of the Malaysian palm oil price using a system dynamics approach. System dynamics methodology is very relevant for examining the feedback relationships, non-linearity and delays exist in palm oil market. It helps understand the palm oil market structure and the resultant behavior and performance particularly On crude Palm Oil (CPO) price. The simulation results indicate that the Malaysian CPO price is significantly affected by the local CPO production as well as the world CPO and soybean oil prices. It is also found that CPO price is less sensitive to biodiesel production, as biodiesel currently accounts for small portion of total CPO demand in Malaysia.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Agriculture Institute of Agricultural and Food Policy Studies |
| Publisher: | Science Publications |
| Keywords: | System dynamics; Commodity systems; Palm oil; Malaysia |
| Depositing User: | Ms. Nida Hidayati Ghazali |
| Date Deposited: | 27 Feb 2018 03:39 |
| Last Modified: | 27 Feb 2018 03:39 |
| URI: | http://psasir.upm.edu.my/id/eprint/46481 |
| Statistic Details: | View Download Statistic |
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