This study aims to investigate how congestions at ports affect the shipping freight market using a System Dynamics model, particularly in the liquified petroleum gas (LPG) maritime transportation market. We utilize maritime big data derived from the…
Conventionally, risk assessment methods suffer from ignoring the dynamic nature of risks. Therefore, this study demonstrates an interactive approach to risks and prioritizes risks based on their overall cyclic events acting on the attainment of the…
An islanded DC Microgrid comprises dispatchable and renewable generation units, battery energy storage systems, and loads. An islanded DC microgrid presents several operational challenges due to load and renewable generation fluctuations. Therefore,…
In this study, using system dynamics approaches and multi-criteria decision-making, the investment analysis in the privatization of the National Iranian Drilling Company is investigated. For this purpose, key variables and factors influencing…
Assessments of the impact of the U.S. renewable fuel standard (RFS) should inform consideration of future biofuels policy. Conventional wisdom suggests the RFS played a major role in stimulating the ten-fold expansion in ethanol production and…
As an emerging carbon offset mechanism, the Chinese Certified Emission Reduction (CCER) scheme can theoretically supplement the emissions trading scheme (ETS) to alleviate global warming. However, due to poor data availability and short…
Energy transition has been a global trend for decades, but very little literature can be found on how energy shipping is affected. Particularly, the coal-to-gas transition of China has intensified the nation's reliance on Liquefied Natural Gas (LNG)…
Electric vehicles have come to prominence as a potential solution for climate change by reducing greenhouse gases. Electric vehicles have gained popularity as an ecofriendly mode of transportation that does not emit carbon emissions or other…