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Title: Contract selection under uncertainty. LNG buyers' perspective
Authors: Khalilpour, R.
Karimi, I.A. 
Keywords: Contract
Vendor selection
Issue Date: 2012
Source: Khalilpour, R.,Karimi, I.A. (2012). Contract selection under uncertainty. LNG buyers' perspective. Computer Aided Chemical Engineering 31 : 1487-1491. ScholarBank@NUS Repository.
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. © 2012 Elsevier B.V.
Source Title: Computer Aided Chemical Engineering
ISSN: 15707946
DOI: 10.1016/B978-0-444-59506-5.50128-0
Appears in Collections:Staff Publications

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