2017
DOI: 10.3390/en10020246
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Development of Shale Gas Supply Chain Network under Market Uncertainties

Abstract: Abstract:The increasing demand of energy has turned the shale gas and shale oil into one of the most promising sources of energy in the United States. In this article, a model is proposed to address the long-term planning problem of the shale gas supply chain under uncertain conditions. A two-stage stochastic programming model is proposed to describe and optimize the shale gas supply chain network. Inherent uncertainty in final products' prices, such as natural gas and natural gas liquids (NGL), is treated thr… Show more

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Cited by 16 publications
(5 citation statements)
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“…Robertson et al [45] have used the NLP model to solve refinery production scheduling and unit operation optimization problems. A two-stage stochastic programming model is proposed to describe and optimize the shale gas supply chain network under uncertain conditions [46]. Although applicable to the treatment of problems involving blending, continuous flow processing, production and distribution, strategic/tactical planning, etc., mathematical programming models are not flexible in dealing with the stochasticity, uncertainty and complexity of structure and interaction typically encountered in supply chains [47,48].…”
Section: State-of-the-art Literature Review On Energy Supply Chain Modelsmentioning
confidence: 99%
“…Robertson et al [45] have used the NLP model to solve refinery production scheduling and unit operation optimization problems. A two-stage stochastic programming model is proposed to describe and optimize the shale gas supply chain network under uncertain conditions [46]. Although applicable to the treatment of problems involving blending, continuous flow processing, production and distribution, strategic/tactical planning, etc., mathematical programming models are not flexible in dealing with the stochasticity, uncertainty and complexity of structure and interaction typically encountered in supply chains [47,48].…”
Section: State-of-the-art Literature Review On Energy Supply Chain Modelsmentioning
confidence: 99%
“…Many recent publications, such as Guo et al [34], Gao et al [35], Chebeir et al [36], Chen et al [37], Drouven and Grossmann [38], He et al [39], and Wang et al [40] have discussed different optimal modeling approaches for shale gas water management systems with socio-economic and environmental concerns. All of the above studies are confined to only uncertain modeling approaches, and have not discussed uncertainty among parameters' values; however, Zhang et al [22] incorporated vagueness among parameters and represented it by fuzzy and stochastic quantification methodology.…”
Section: Research Gaps and Contributionmentioning
confidence: 99%
“…To illustrate, if two uncertain parameters described by three nodes (high, medium, and low) and four multiple periods represented by four seasons (e.g., spring, summer, fall, and winter) were considered, Hence, at the end of the fourth period, 3 8 scenarios were generated. Similar approaches have been adopted in the literature of other applications [29,41,49]. The next step was to keep fewer scenarios possible to ensure that the problem of stochastic optimization could be solved with a reasonable computational effort.…”
Section: Generating Scenario Tree For Uncertain Parametersmentioning
confidence: 99%
“…Chebeir et al [29] developed a model to describe and optimize the shale gas supply chain network by using a two-stage stochastic programming model. The uncertainty in prices of natural gas and natural gas liquids (NGL) products is handled through using a scenario-based method.…”
Section: Introductionmentioning
confidence: 99%