Research and development project evaluation and selection methods for the Solar-Thermal-Technology Program
The ranking of R and D options for long-term, high-payoff research and development in the Solar Thermal Technology Program is discussed considering the four general classes of ranking methods: economic, decision theory, constrained optimization, and scoring. The scoring method is proposed as the most suitable ranking technique to develop a balanced portfolio of R and D program elements. Procedure for implementation of the scoring method for Solar Thermal Technology Program activities evaluation and selection is outlined. Practical applicability of the scoring method to evaluate and select the Solar Thermal Research Program activities is demonstrated. The major conclusion is that the scoring method, augmented with the usbjective probabilistic risk assessment procedure, is the most suitable ranking technique to develop a balanced portfolio of R and D program elements.
- Research Organization:
- Solar Energy Research Inst., Golden, CO (USA)
- DOE Contract Number:
- AC02-77CH00178
- OSTI ID:
- 6394654
- Report Number(s):
- SERI/TR-251-1573; ON: DE83008296
- Resource Relation:
- Other Information: Portions are illegible in microfiche products
- Country of Publication:
- United States
- Language:
- English
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