{"title":"A framework for the appraisal of energy R&D","authors":"George S. Tolley, Gideon Fishelson, S. Tiwari","doi":"10.1016/0165-0572(90)90011-7","DOIUrl":null,"url":null,"abstract":"<div><p>This article develops a benefit/cost framework for energy R&D projects. Two basic elements are probability of success and market penetration, which are combined to yield a measure of net-benefits to a project. An example is given demonstrating the technique. The article goes on to describe how the technique is used when there is a portfolio of projects, where the outcome of a project affects one or more other projects. Finally, the article outlines decision rules for undertaking projects in a portfolio.</p></div>","PeriodicalId":101080,"journal":{"name":"Resources and Energy","volume":"11 2","pages":"Pages 145-158"},"PeriodicalIF":0.0000,"publicationDate":"1990-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0165-0572(90)90011-7","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Resources and Energy","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/0165057290900117","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
This article develops a benefit/cost framework for energy R&D projects. Two basic elements are probability of success and market penetration, which are combined to yield a measure of net-benefits to a project. An example is given demonstrating the technique. The article goes on to describe how the technique is used when there is a portfolio of projects, where the outcome of a project affects one or more other projects. Finally, the article outlines decision rules for undertaking projects in a portfolio.