Browsing by Author "Yükseltan, Ergun"
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Managing natural gas demand for free consumers under uncertainty and limited storage capacity
Authors:Aktunç, Esra Ağca; Yükseltan, Ergun; Yücekaya, Ahmet; Bilge, Ayşe Hümeyra
Publisher and Date:(Elsevier, 2020)Demand for energy sources depends on several factors such as population growth, urbanization, industrialization, and climate. Among fundamental energy sources, natural gas is characterized by storage limitations and take-or-pay contracts, which makes it especially critical to forecast the demand accurately for cost management policies. Suppliers of natural gas require take-or-pay contracts to ensure that consumers pay for any unused amount up front; and if the demand exceeds the agreed amount, ...