Optimal Ship Fuel Selection under Life Cycle Uncertainty

Shipowners need to prepare for low-emission fuel alternatives to meet the IMO 2050 goals. This is a complex problem due to conflicting objectives and a high degree of uncertainty. To help navigate this problem, this paper investigates how methods that take uncertainty into account, like robust optimization and stochastic optimization, could be...

Dealing with Investment Uncertainties in the European Natural Gas Market: A Stochastic Equilibrium Model for the European Natural Gas Market

New developments in the gas market urge public and private concerns to gain deeper insight into how this market is functioning. The Energy Research Center of the Netherlands (ECN), as a leading research institute, has developed a deterministic model representing the European gas market called GASTALE. Based on this model, this research has been...