Forecasting Liquefied Natural Gas Bunker Prices Using Artificial Neural Network for Procurement Management

Forecasting Liquefied Natural Gas Bunker Prices Using Artificial Neural Network for Procurement Management

The LNG price is basically determined based on the oil price, but other than that, it is also determined by the influence of the method of LNG transportation; storage; processes; and political, economic, and geographical instability. Liquefied natural gas (LNG) may not reflect its market value if th...

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Bibliographic Details
Main Authors: Kyunghwan Kim, Sangseop Lim, Chang-hee Lee, Won-Ju Lee, Hyeonmin Jeon, Jinwon Jung, Dongho Jung
Format: Article
Language:English
Published: MDPI AG 2022-11-01
Series:Journal of Marine Science and Engineering
Subjects:
liquefied natural gas
bunker price
long short-term memory
recurrent neural network
gated recurrent unit
forecasting
Online Access:https://www.mdpi.com/2077-1312/10/12/1814

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