Design of Consumption Model for Industrial and Automotive Oils: Economic Capacities in Market of Lubricants

Investing on the production of any goods and service will end to unproductive results without carrying out feasibility studies. The first and most primary step is to precisely research the pertinent market. Defining the potential capacity as well as demand elasticity need to recognize the nodes and routes of the entire supply and demand network. This paper is an extract from a comprehensive project in industrial and automotive oil market research, which has been accomplished within fall of 2004 to spring of 2005 by the Research Institute of Petroleum Industry, unit of Market Researches. A parametric mathematical model is introduced to feasibly express the production capacity of oil-lubricants to be invested.