Contract selection under uncertainty. LNG buyers' perspective

Rajab Khalilpour, I. A. Karimi

Research output: Contribution to journalArticleResearchpeer-review

2 Citations (Scopus)

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

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