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arXiv · 2211.13714

The Wade Formula and the oil price fluctuation: An Optimal Control Theory approach

Pierre Mendy·Babacar M. Ndiaye·Diaraf Seck·Idrissa Ly
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Abstract

By considering the Wade Formula, we propose a model to study the evolution of the oil price per barrel. Our model shows that the policy of diversification of the energy is to be supported. This model is proposed to see how it is possible to control parameters so that the oil price should decrease.

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Pierre Mendy, Babacar M. Ndiaye, Diaraf Seck, Idrissa Ly. 2022-11-24. The Wade Formula and the oil price fluctuation: An Optimal Control Theory approach. https://arxiv.org/abs/2211.13714

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