AbstractThis review provides the fundamental theoretical tools for the development of a complete wave‐function formalism for the study of time‐evolution of chemico‐physical systems at finite temperature. The methodology is based on the non‐equilibrium thermo‐field dynamics (NE‐TFD) representation of quantum mechanics, which is alternative to the commonly used density matrix representation. TFD concepts are extended and integrated with the tensor‐train (TT) numerical tools leading to a novel and powerful theoretical and computational framework for the study of complex quantum dynamical problems. In addition, NE‐TFD techniques are extended to enable the study of dissipative open systems via a new formulation of the hierarchical equations of motion (HEOM) fully integrated with TT methodologies. We demonstrate that the combination of the TFD machinery with computational advantages of TTs results in a powerful theoretical and computational framework for scrutinizing dynamics of complex multidimensional electron‐vibrational systems. We illustrate the validity and the computational advantages of the developed methodologies by applying them to the study of quantum coherence effects in the energy‐transfer processes in antenna systems, to the analysis of fingerprints of vibrational modes in electron‐transfer and charge‐transfer processes in various model and realistic multidimensional molecular systems, as well as to simulation of other fundamental models of physical chemistry.This article is categorized under: Theoretical and Physical Chemistry > Reaction Dynamics and Kinetics Theoretical and Physical Chemistry > Statistical Mechanics