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Towards a sustainable oil supply: A risk diversification model to measure oil security risk in Japan and South Korea
International Journal of Sustainable Development and Planning
This paper proposes a quantitative optimization model to investigate the oil supply risk from the perspective of the diversification of oil import sources. Japan and South Korea are highly dependent on oil imports from foreign countries. Both countries are seeking sustainable strategies to ensure a continuous and stable oil supply. Effective diversification of crude oil imports plays an important role in energy security. The optimization results imply that Japan faces the highest oil importdoi:10.2495/sdp-v13-n5-746-757 fatcat:khewwcm2jbgk7drw5pbyw6dzru