The valuation of the real option to store liquefied natural gas (LNG) at the downstream terminal of an LNG value chain is an important problem in practice. As the exact valuation of this real option is computationally intractable, we develop a novel and tractable heuristic model for its strategic valuation that integrates models of LNG shipping, natural gas price evolution, and inventory contro...

This study assessed the techno-economic performance and life cycle greenhouse gas (GHG) emissions for various liquefied natural (LNG) supply chains in China order to find most efficient way use LNG. improves current literature by adding chain optimization options (cold energy recovery hydrogen production) analyzing entire of four different LNG end-users (power generation, industrial heating, re...

Exergy analysis is important and has been widely used to evaluate the thermodynamic efficiency of a variety of processes. Therefore, there is a need to develop a tool for monitoring exergy of a process in real-time and for studying the effects of various feed, equipment, process and environmental changes. The ultimate aim of this work is to develop a tool to enable dynamic and online exergy ana...