Since natural gas reserves in North America and Europe are declining, energy companies there can no longer create value by just drilling more wells; they must create value by better managing their current production assets, and by better leveraging technology. In this paper, we analyze the real...

The value chain for energy and other commodities entails physical conversions through refineries, power plants, storage facilities, and transportation and other capital-intensive infrastructure. When the operation of such commodity conversion assets occurs alongside liquid markets for the input...

Energy plays a fundamental role in both manufacturing and services, and natural gas is rapidly becoming a key energy source worldwide. Facilitating this emergence is an expanding network of ocean-going vessels that enable the matching of natural gas supply and demand on a global scale. This is...

This paper considers the so-called warehouse problem with both space and injection/withdrawal capacity limits. This is a foundational problem in the merchant management of assets for the storage of commodities, such as energy sources and natural resources. When the commodity spot price evolves...

Pipelines play a critical role in matching the supply and demand of natural gas. The pricing of their capacity is an important problem in practice for pipeline companies and the users of this capacity, which include shippers such as natural gas merchants, producers, and local distribution...