Table 3 Parameters of the simulation...

Table 3

Parameters of the simulation model (based on BDI)

Parameter	Values (Units)
$i {Demand}_{p}$	0.716696 (dmnl)
$p {Demand}_{P}$	180,865 (Thousand tonnes)
$d {Demand}_{P}$	0.012 (1/month)
$s {Demand}_{P}$	JAN = 1.000, FEB = 0.943, MAR = 1.044
	APR = 1.026, MAY = 1.026, JUN = 0.993
	JUL = 1.051, AUG = 1.039, SEPT = 1.058
	OCT = 1.024, NOV = 1.012, DEC = 1.063 (dmnl)
$i {Supply}_{p}$	0.739 (dmnl)
$p {Supply}_{P}$	1815.08 (million DWT)
$d {Supply}_{P}$	0.009 (1/month)
$i {DBSM}_{p}$	1.12163 (dmnl)
$s {DBSM}_{p}$	JAN = 1.000, FEB = 0.979, MAR = 1.132
	APR = 1.107, MAY = 1.249, JUN = 1.1480
	JUL = 1.087, AUG = 0.968, SEPT = 1.141
	OCT = 1.301, NOV = 1.332, DEC = 1.279 (dmnl)
$e {Demand}_{p}$	1.54164 (dmnl)
$e {Supply}_{p}$	1.50431 (dmnl)
$e {Supply and demand balance}_{p}$	1.206 (dmnl)
${Delay time Demand impact on DBSM}_{p}$	1.082 (month)
${Delay time Supply impact on DBSM}_{p}$	2.756 (month)
${Delay time Balance impact on DBSM}_{p}$	0.864 (month)
${shift}_{p}$	29.960 (dmnl)
${DCH}_{P}$	0.419 (dmnl)
${DCT}_{P}$	52.985 (month)
${EST}_{p}$	41, 102, 127 (month)
${EEP}_{p}$	8, 2, 4 (month)
${ES}_{p}$	1.254, −0.952, −0.343 (dmnl)
${EELT}_{p}$	2, 24, 499 (month)

Parameter	Values (Units)
$i {Demand}_{p}$	0.716696 (dmnl)
$p {Demand}_{P}$	180,865 (Thousand tonnes)
$d {Demand}_{P}$	0.012 (1/month)
$s {Demand}_{P}$	JAN = 1.000, FEB = 0.943, MAR = 1.044
	APR = 1.026, MAY = 1.026, JUN = 0.993
	JUL = 1.051, AUG = 1.039, SEPT = 1.058
	OCT = 1.024, NOV = 1.012, DEC = 1.063 (dmnl)
$i {Supply}_{p}$	0.739 (dmnl)
$p {Supply}_{P}$	1815.08 (million DWT)
$d {Supply}_{P}$	0.009 (1/month)
$i {DBSM}_{p}$	1.12163 (dmnl)
$s {DBSM}_{p}$	JAN = 1.000, FEB = 0.979, MAR = 1.132
	APR = 1.107, MAY = 1.249, JUN = 1.1480
	JUL = 1.087, AUG = 0.968, SEPT = 1.141
	OCT = 1.301, NOV = 1.332, DEC = 1.279 (dmnl)
$e {Demand}_{p}$	1.54164 (dmnl)
$e {Supply}_{p}$	1.50431 (dmnl)
$e {Supply and demand balance}_{p}$	1.206 (dmnl)
${Delay time Demand impact on DBSM}_{p}$	1.082 (month)
${Delay time Supply impact on DBSM}_{p}$	2.756 (month)
${Delay time Balance impact on DBSM}_{p}$	0.864 (month)
${shift}_{p}$	29.960 (dmnl)
${DCH}_{P}$	0.419 (dmnl)
${DCT}_{P}$	52.985 (month)
${EST}_{p}$	41, 102, 127 (month)
${EEP}_{p}$	8, 2, 4 (month)
${ES}_{p}$	1.254, −0.952, −0.343 (dmnl)
${EELT}_{p}$	2, 24, 499 (month)

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