Scenario Planning and Evaluation of Pricing Strategies in the Portuguese Bulk LPG Market

dc.contributor.authorCapelo, Carlos
dc.contributor.authorDias, João Ferreira
dc.contributor.institutionEscola de Ciências Económicas e das Organizações
dc.date.issued2004-07
dc.descriptionProceedings of the 22th International Conference of the System Dynamics Society, Oxford, UK
dc.description.abstractPortugal has the largest LPG (Liquefied Petroleum Gas) share of primary energy demand in the EU (about 5%). Due to the increasing international cost of LPG in the last years and the high price sensitivity of the consumers the preference for substitute energy sources in new and existing consumers has been increasing. To select the kind of energy, some consumer estimate and compare the total costs while others follow agents (equipment sellers) recommendations. It takes time to build agents perception about the most advantageous source of energy, which is seen as an important resource that drives client resource accumulation and retention. Marketing strategies have to take into consideration some market dynamic effects derived from the accumulation and depletion of these resources. A simple system dynamics model was built, combined with Economic Value Added framework, to evaluate some pricing strategies under different scenarios of LPG international cost.en
dc.description.statusNon peer reviewed
dc.formatapplication/pdf
dc.identifier.citationCapelo , C & Dias , J F 2004 , ' Scenario Planning and Evaluation of Pricing Strategies in the Portuguese Bulk LPG Market ' , Paper presented at Systems Dynamics Society , 1/07/04 .
dc.language.isoeng
dc.publisherSystems Dynamics Society
dc.rightsopenAccess
dc.subjectSISTEMAS DINÂMICOS
dc.subjectPREÇOS
dc.subjectESTRATÉGIA
dc.subjectDYNAMICAL SYSTEMS
dc.subjectPRICES
dc.subjectSTRATEGY
dc.titleScenario Planning and Evaluation of Pricing Strategies in the Portuguese Bulk LPG Marketen

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