Contract selection under uncertainty. LNG buyers' perspective

Rajab Khalilpour, I. A. Karimi

Research output: Contribution to journalArticleResearchpeer-review

Abstract

As a result of the expanding global LNG market, contracts are becoming more complex due to significant variations in price formulations, flexibility, duration, lead-time, quality, capacity, commitments, discounts and other terms and conditions. The existence of various uncertainties further complicates the contract selection process. We have presented a 2-stage mixed integer linear programming formalism to select LNG contracts with minimum total procurement cost under uncertain demand and LNG price over the planning horizon.

Original languageEnglish
Pages (from-to)1487-1491
Number of pages5
JournalComputer Aided Chemical Engineering
Volume31
DOIs
Publication statusPublished - 2012
Externally publishedYes

Keywords

  • Contract
  • LNG
  • Vendor selection

Cite this

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Contract selection under uncertainty. LNG buyers' perspective. / Khalilpour, Rajab; Karimi, I. A.

In: Computer Aided Chemical Engineering, Vol. 31, 2012, p. 1487-1491.

Research output: Contribution to journalArticleResearchpeer-review

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