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Title: Methods of economic analysis applied to fusion research. Fourth annual report

Abstract

The current study reported here has involved three separate tasks. The first task deals with the development of expected utility analysis techniques for economic evaluation of fusion research. A decision analytic model is developed for the incorporation of market uncertainties, as well as technological uncertainties in an economic evaluation of long-range energy research. The model is applied to the case of fusion research. The second task deals with the potential effects of long-range energy RD and D on fossil fuel prices. ECON's previous fossil fuel price model is extended to incorporate a dynamic demand function. The dynamic demand function supports price fluctuations such as those observed in the marketplace. The third task examines alternative uses of fusion technologies, specifically superconducting technologies and first wall materials to determine the potential for alternative, nonfusion use of these technologies. In both cases, numerous alternative uses are found.

Authors:
Publication Date:
Research Org.:
ECON, Inc., Princeton, NJ (USA)
Sponsoring Org.:
USDOE
OSTI Identifier:
6590078
Report Number(s):
DOE/ET/52017-4
TRN: 81-006559
DOE Contract Number:  
AC02-77ET52017
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
70 PLASMA PHYSICS AND FUSION TECHNOLOGY; THERMONUCLEAR REACTORS; ECONOMIC ANALYSIS; COST; MARKET; MATHEMATICAL MODELS; RESEARCH PROGRAMS; ECONOMICS; 700209* - Fusion Power Plant Technology- Component Development & Materials Testing

Citation Formats

Hazelrigg, Jr, G A. Methods of economic analysis applied to fusion research. Fourth annual report. United States: N. p., 1980. Web. doi:10.2172/6590078.
Hazelrigg, Jr, G A. Methods of economic analysis applied to fusion research. Fourth annual report. United States. https://doi.org/10.2172/6590078
Hazelrigg, Jr, G A. 1980. "Methods of economic analysis applied to fusion research. Fourth annual report". United States. https://doi.org/10.2172/6590078. https://www.osti.gov/servlets/purl/6590078.
@article{osti_6590078,
title = {Methods of economic analysis applied to fusion research. Fourth annual report},
author = {Hazelrigg, Jr, G A},
abstractNote = {The current study reported here has involved three separate tasks. The first task deals with the development of expected utility analysis techniques for economic evaluation of fusion research. A decision analytic model is developed for the incorporation of market uncertainties, as well as technological uncertainties in an economic evaluation of long-range energy research. The model is applied to the case of fusion research. The second task deals with the potential effects of long-range energy RD and D on fossil fuel prices. ECON's previous fossil fuel price model is extended to incorporate a dynamic demand function. The dynamic demand function supports price fluctuations such as those observed in the marketplace. The third task examines alternative uses of fusion technologies, specifically superconducting technologies and first wall materials to determine the potential for alternative, nonfusion use of these technologies. In both cases, numerous alternative uses are found.},
doi = {10.2172/6590078},
url = {https://www.osti.gov/biblio/6590078}, journal = {},
number = ,
volume = ,
place = {United States},
year = {Wed Dec 31 00:00:00 EST 1980},
month = {Wed Dec 31 00:00:00 EST 1980}
}