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The Russian-Ukrainian War and its Role in Securing New Sources for Liquified Natural Gas |
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PP: 31-41 |
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doi:10.18576/wefe/040103
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Author(s) |
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Abdulkarim Ali Dahan,
Hamdan Ali,
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Abstract |
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| The purpose of this research is to build an economic model that can investigate the possibility of finding an optimal solution to the transportation problem that can bring into finding new sources for fulfilling Liquified Natural Gas (LNG) requirements with shorter distances and lower transportation costs. A transportation model named the North-West Corner Model that deals with the transfer of goods from various sources (points of supply) to various points of demand (destinations) was adopted in this study. Scheduling shipments from sources to destinations is the goal in order to reduce the overall transportation expenses. It is a strategy used to solve the transportation model problem structure in linear programming. Our result shows that the model is reliable for implementation since it provides a lower transportation cost - the overall transportation cost obtained by the model is reduced by (-26.36%). It is concluded that if the concern countries apply the solution reached by our model, they will enjoy securing new locations for their LNG requirements, lower delivery costs with less distances, and faster delivery time. |
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