A method and apparatus for analyzing steady state and transient flow in a complex fluid network, modeling phase changes, compressibility, mixture thermodynamics, external body forces such as gravity and centrifugal force and conjugate heat transfer. In some embodiments, a graphical user interface provides for the interactive development of a fluid network simulation having nodes and branches. In some embodiments, mass, energy, and specific conservation equations are solved at the nodes, and momentum conservation equations are solved in the branches. In some embodiments, contained herein are data objects for computing thermodynamic and thermophysical properties for fluids. In some embodiments, the systems of equations describing the fluid network are solved by a hybrid numerical method that is a combination of the Newton-Raphson and successive substitution methods.