A Monte Carlo approach to the ship-centric Markov decision process for analyzing decisions over converting a containership to LNG power
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文摘
Propose a model to study the decision to convert to LNG fuel for a container ship. New method applies Monte Carlo simulations to ship-centric Markov decision process. Propose a new metric to define model convergence within this new model. Model includes uncertainties in regulation, economics, and technology development. Studied sensitivities of ECA regulations, fuel supply chain risk, and fuel price.

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