System dynamics analysis of the determinants of the Malaysian palm oil price
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 struct...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Science Publications
2015
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| Online Access: | http://psasir.upm.edu.my/id/eprint/46481/ http://psasir.upm.edu.my/id/eprint/46481/1/System%20dynamics%20analysis%20of%20the%20determinants%20of%20the%20Malaysian%20palm%20oil%20price.pdf |
| _version_ | 1848850669459472384 |
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| author | Mohammadi, Sahra Mohamed Arshad, Fatimah Bala, Bilash Kanti Ibragimov, Abdulla |
| author_facet | Mohammadi, Sahra Mohamed Arshad, Fatimah Bala, Bilash Kanti Ibragimov, Abdulla |
| author_sort | Mohammadi, Sahra |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T10:09:58Z |
| format | Article |
| id | upm-46481 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T10:09:58Z |
| publishDate | 2015 |
| publisher | Science Publications |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-464812018-02-27T03:39:55Z http://psasir.upm.edu.my/id/eprint/46481/ System dynamics analysis of the determinants of the Malaysian palm oil price Mohammadi, Sahra Mohamed Arshad, Fatimah Bala, Bilash Kanti Ibragimov, Abdulla 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. Science Publications 2015 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/46481/1/System%20dynamics%20analysis%20of%20the%20determinants%20of%20the%20Malaysian%20palm%20oil%20price.pdf 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 http://thescipub.com/journals/ajas |
| spellingShingle | Mohammadi, Sahra Mohamed Arshad, Fatimah Bala, Bilash Kanti Ibragimov, Abdulla System dynamics analysis of the determinants of the Malaysian palm oil price |
| title | System dynamics analysis of the determinants of the Malaysian palm oil price |
| title_full | System dynamics analysis of the determinants of the Malaysian palm oil price |
| title_fullStr | System dynamics analysis of the determinants of the Malaysian palm oil price |
| title_full_unstemmed | System dynamics analysis of the determinants of the Malaysian palm oil price |
| title_short | System dynamics analysis of the determinants of the Malaysian palm oil price |
| title_sort | system dynamics analysis of the determinants of the malaysian palm oil price |
| url | http://psasir.upm.edu.my/id/eprint/46481/ http://psasir.upm.edu.my/id/eprint/46481/ http://psasir.upm.edu.my/id/eprint/46481/1/System%20dynamics%20analysis%20of%20the%20determinants%20of%20the%20Malaysian%20palm%20oil%20price.pdf |