Research Article
Study on the Volatility of International Crude Oil Shipping Market Based on Prosperity Index
@INPROCEEDINGS{10.4108/eai.19-5-2023.2334438, author={Yu Tang and Jing He and Shijun Chen and Jiahui Ji and Bin Xu}, title={Study on the Volatility of International Crude Oil Shipping Market Based on Prosperity Index}, proceedings={Proceedings of the 2nd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2023, May 19--21, 2023, Hangzhou, China}, publisher={EAI}, proceedings_a={ICBBEM}, year={2023}, month={7}, keywords={crude oil; shipping market; volatility; prosperity index; rbf neural network}, doi={10.4108/eai.19-5-2023.2334438} }- Yu Tang
Jing He
Shijun Chen
Jiahui Ji
Bin Xu
Year: 2023
Study on the Volatility of International Crude Oil Shipping Market Based on Prosperity Index
ICBBEM
EAI
DOI: 10.4108/eai.19-5-2023.2334438
Abstract
International crude oil shipping market is an important part of tanker shipping market, and its fluctuation performance is becoming more and more obvious with the rapid development of macro economy, which has been paid attention by scholars at home and abroad. The fluctuation of international crude oil shipping market is easily affected by factors such as economy, policy, capacity, maritime transportation distance and war, thus showing contraction and expansion. The fluctuation of its market will affect the strategic position of the country on the one hand, and the fluctuation of crude oil as the "blood" of industry on the other hand will directly affect the downstream industry chain. Therefore, how to forecast the future development trend of international crude oil shipping market, so as to reduce the loss and avoid the risk has become the concern of relevant operators. This paper constructs a model of international crude oil shipping market prosperity index based on the actual demand, and validates the model of international crude oil shipping market prosperity index by using RBF neural network to ensure the accuracy and practicality of the model.