General Information
    • ISSN: 1793-821X (Print)
    • Abbreviated Title: J. Clean Energy Technol.
    • Frequency: Quarterly (2013-2014); Bimonthly (Since 2015)
    • DOI: 10.18178/JOCET
    • Editor-in-Chief: Prof. Haider F. Abdul Amir
    • Executive Editor: Ms. Jennifer Zeng
    • Abstracting/ Indexing: EI (INSPEC, IET), Electronic Journals Library, Chemical Abstracts Services (CAS), Ulrich's Periodicals Directory, Google Scholar, ProQuest.
    • E-mail: jocet@ejournal.net
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Editor-in-chief
Universiti Malaysia Sabah, Malaysia.
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JOCET 2019 Vol.7(4): 56-59 ISSN: 1793-821X
DOI: 10.18178/JOCET.2019.7.4.510

Regional Demand Forecasting of Refined Oil under Alternative Energy Market’s Competition

Wan Zhang and Yongtu Liang
Abstract—Refined oil, including gasoline, diesel, et al., is an important fuel for transportation and other industries. With the promotion of new energy, the demand for refined oil market has formed a competitive relationship with the alternative energies’ market. It is necessary to design and transform the refined oil supply chain to meet market requirements and ensure the balance of supply and demand. Forecasting the demand of refined oil market is the important basis for designing and transforming the refined oil supply chain. Because BP neural network shows strong adaptability when solving multi-parameter nonlinear problems, this paper proposed a BP neural network model from the analysis of conventional influence factors and special impact factors such as the share of alternative energies’ market. The actual data was tested to prove that the model could reflect the relationship between the market share of alternative energy and the market demand of refined oil. Analysis was given about the future development of the refined oil market and alternative energy based on the experimental results.

Index Terms—Demand forecasting, refined oil, alternative energies competition, BP neural network.

Wan Zhang is with Instituto Superior Técnico, University of Lisbon, Portugal and the National Engineering Laboratory for Pipeline Safety/Beijing Key Laboratory of Urban oil and Gas Distribution Technology, China University of Petroleum-Beijing, P. R. China (e-mail: zhang.wan@tecnico.ulisboa.pt).
Yongtu Liang is with National Engineering Laboratory for Pipeline Safety/Beijing Key Laboratory of Urban oil and Gas Distribution Technology, China University of Petroleum-Beijing, Beijing 102249, P.R. China (e-mail: liangyt21st@163.com).

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Cite:Wan Zhang and Yongtu Liang, "Regional Demand Forecasting of Refined Oil under Alternative Energy Market’s Competition," Journal of Clean Energy Technologies vol. 7, no. 4, pp. 56-59, 2019.

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