System dynamics analysis of the biodiesel and CPO productions in Malaysia
This paper examines the biodiesel and crude palm oil productions in Malaysia using a system dynamics approach. There is an increasing demand for biodiesel in the world. The Biofuels Directive has set targets rising biodiesel production from 2% in 2005 to 20% by 2020 with Malaysia and Indonesia havin...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Faculty of Economics and Administration, University of Malaya
2015
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| Online Access: | http://psasir.upm.edu.my/id/eprint/66992/ http://psasir.upm.edu.my/id/eprint/66992/1/PCEPAB2015-1.pdf |
| _version_ | 1848855725666729984 |
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| author | Mohammadi, Sahra Mohamed Arshad, Fatimah Gafurjanovich, Abdulla Ibragimov |
| author_facet | Mohammadi, Sahra Mohamed Arshad, Fatimah Gafurjanovich, Abdulla Ibragimov |
| author_sort | Mohammadi, Sahra |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This paper examines the biodiesel and crude palm oil productions in Malaysia using a system dynamics approach. There is an increasing demand for biodiesel in the world. The Biofuels Directive has set targets rising biodiesel production from 2% in 2005 to 20% by 2020 with Malaysia and Indonesia having the potential to capture 20% share of the biofuels market in Europe. The Malaysian government also expects that the blend 10 program of biodiesel will significantly increase demand for the feedstock including crude palm oil. This paper utilizes system dynamics approach as it enables one to capture the feedback relationships, non- linearity, and delay exist in commodity markets including palm oil. The model is simulated for 44 years starting from 1982 to 2025. The simulation results indicate that the CPO demand for biodiesel will increase in double which requires better concerns in production and stock of palm oil. |
| first_indexed | 2025-11-15T11:30:20Z |
| format | Conference or Workshop Item |
| id | upm-66992 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T11:30:20Z |
| publishDate | 2015 |
| publisher | Faculty of Economics and Administration, University of Malaya |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-669922019-03-06T05:34:27Z http://psasir.upm.edu.my/id/eprint/66992/ System dynamics analysis of the biodiesel and CPO productions in Malaysia Mohammadi, Sahra Mohamed Arshad, Fatimah Gafurjanovich, Abdulla Ibragimov This paper examines the biodiesel and crude palm oil productions in Malaysia using a system dynamics approach. There is an increasing demand for biodiesel in the world. The Biofuels Directive has set targets rising biodiesel production from 2% in 2005 to 20% by 2020 with Malaysia and Indonesia having the potential to capture 20% share of the biofuels market in Europe. The Malaysian government also expects that the blend 10 program of biodiesel will significantly increase demand for the feedstock including crude palm oil. This paper utilizes system dynamics approach as it enables one to capture the feedback relationships, non- linearity, and delay exist in commodity markets including palm oil. The model is simulated for 44 years starting from 1982 to 2025. The simulation results indicate that the CPO demand for biodiesel will increase in double which requires better concerns in production and stock of palm oil. Faculty of Economics and Administration, University of Malaya 2015 Conference or Workshop Item PeerReviewed text en http://psasir.upm.edu.my/id/eprint/66992/1/PCEPAB2015-1.pdf Mohammadi, Sahra and Mohamed Arshad, Fatimah and Gafurjanovich, Abdulla Ibragimov (2015) System dynamics analysis of the biodiesel and CPO productions in Malaysia. In: Postgraduate Conference on Economics, Public Administration and Business (PCEPAB 2015), 5 Sept. 2015, Faculty of Economics and Administration, University of Malaya. (pp. 272-281). |
| spellingShingle | Mohammadi, Sahra Mohamed Arshad, Fatimah Gafurjanovich, Abdulla Ibragimov System dynamics analysis of the biodiesel and CPO productions in Malaysia |
| title | System dynamics analysis of the biodiesel and CPO productions in Malaysia |
| title_full | System dynamics analysis of the biodiesel and CPO productions in Malaysia |
| title_fullStr | System dynamics analysis of the biodiesel and CPO productions in Malaysia |
| title_full_unstemmed | System dynamics analysis of the biodiesel and CPO productions in Malaysia |
| title_short | System dynamics analysis of the biodiesel and CPO productions in Malaysia |
| title_sort | system dynamics analysis of the biodiesel and cpo productions in malaysia |
| url | http://psasir.upm.edu.my/id/eprint/66992/ http://psasir.upm.edu.my/id/eprint/66992/1/PCEPAB2015-1.pdf |