GRAPH THEORY APPROACH TO PRICES TRANSMISSION IN THE NETWORK OF COMMONLY USED LIQUID FUELS

GRAPH THEORY APPROACH TO PRICES TRANSMISSION IN THE NETWORK OF COMMONLY USED LIQUID FUELS

Autor: prof. Ing. Karel Janda M.A., Dr., Ph.D.,
Mgr. Jan Šíla MSc.
Barbora Schererova
David Zilberman
Typ: IES Working Papers
Rok: 2023
Number: 22
ISSN / ISBN:  
Publikováno v: IES Working Papers 22/2023
Místo: Praha
Klíčová slova:
fossil fuels, biofuels, crude oil, complex network analysis, community detection, triangulated maximally filtered graph, minimum spanning tree, relationship analysis
JEL: C38, Q41, Q55
Citace:
Janda K., Schererova B., Sila J., Zilberman D. (2023): " Graph Theory Approach to Prices Transmission in the Network of Commonly Used Liquid Fuels " IES Working Papers 22/2023. IES FSV. Charles University.
Abstrakt: We analyze the relationships within the liquid fuels system and its associated supply chain using innovative network filtering methods, namely the Minimum Spanning Tree and Triangulated Maximally Filtered Graph. Our findings reveal that biofuels form robust connections with their feedstocks that intensify during periods of economic or legislative uncertainty. Conversely, fossil fuels form detached clusters primarily influenced by global economic conditions. These insights significantly enhance our understanding of the liquid fuels market dynamics and suggest potential avenues for integrating additional liquid fuels into the supply chain network.
Ke stažení:
wp_2023_22_janda, schererova, sila, zilberman.pdf