STOCHASTIC MODELLING IN ESTONIAN OIL SHALE MINING ECONOMICS
E. REINSALU
Tallinn Technical University,
Department of Mining
82 Kopli st., Tallinn
10412 Estonia
| Oil shale mining production, inflation in Estonia, and oil and fuel market prices represent a series of interconnected links. Unfortunately, the last economic parameters could not be exactly predicted. In the present work stochastic methods of mathematical modelling are used to forecast Estonian oil shale economy in the future. |