Methods of economic analysis applied to fusion research. Fourth annual report
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.
- Research Organization:
- ECON, Inc., Princeton, NJ (USA)
- Sponsoring Organization:
- USDOE
- DOE Contract Number:
- AC02-77ET52017
- OSTI ID:
- 6590078
- Report Number(s):
- DOE/ET/52017-4; TRN: 81-006559
- Country of Publication:
- United States
- Language:
- English
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