Strategic Analysis of International Oil Market Suppliers based on Graph Model

Document Type : Research Paper

Authors

1 Allameh Tabataba'i University

2 Associate Professor of School of Management, Malek Ashtar University of Technology

Abstract

Analysis of complex strategic and management problems without considering efficient tools, ends in misunderstanding and providing insufficient operational solutions for decision-makers. Crude oil, undoubtedly is one of the most important production entities that any change in the oil market indices such as price or volatility, affect almost all oil producers and exporters, including our country, which its national income is totally dependent on oil price. The main purpose of this research is to analyze the strategic conflict of the oil market stakeholders. Strategic conflict is a shared or interactive decision-making problem that happens when two or more decision-makers have shared choices and each decision has to be made in consideration of other decisions. In this research, the graph model is used to solve decision making conflicts. The research findings have shown that keeping prices within a certain range is a priority for OPEC. While OPEC market share declines, independent corporate producers and US shale producers would increase their productions and gain more market share.

Keywords


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