Stanford PILOT energy/economic model

Technical Report · Mon May 01 04:00:00 EDT 1978

DOI:https://doi.org/10.2172/6631227· OSTI ID:6631227

Dantzig, G. B.; Connolly, T. J.; Paarikh, S. C.

PILOT is a U.S. national energy/economic model that compares various policy decisions by measuring their impact on the standard of living. Through its dynamic linear-programming formulation, the modeled economy allocates industrial output to consumption and to capital formation in the current period to achieve the highest standard of living over the planning period. The ''take home'' or consumption income is used to measure the standard of living. The model consists of a detailed description of energy technologies and a less-detailed description of other economic sectors, investments, government, and final consumption. In particular, there is an explicit representation of the exploration and extraction processes for oil, gas, and uranium; there is an accounting over time of reserves and capital formation. Foreign trade balance is treated endogenously. Final consumption is represented by consumption vectors that vary with increasing level of income. Three sets of input conditions are used to illustrate the behavior and capabilities of the model. The assumptions for the base case and two variations were developed. One of the cases assumes a higher and another a lower availability of primary energy than that assumed for the base case. The general conclusion on the supply side is that the availability of primary energy can have an important effect on the future standard of living. On the demand side, successful implementation of conservation measures can significantly increase the standard of living for the same amount of energy made available to the general economy. The model outputs are schedules of economic activity, imports and exports, raw energy extraction, new construction, and production of various conversion processes.

• Research Organization: Stanford Univ., CA (USA). Dept. of Operations Research
• OSTI ID: 6631227
• Report Number(s): EPRI-EA-626(Vol.1)
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290100 -- Energy Planning & Policy-- Energy Analysis & Modeling
290200* -- Energy Planning & Policy-- Economics & Sociology
ACTINIDES
CAPITAL
COMPARATIVE EVALUATIONS
CONSUMPTION RATES
CONVERSION
DECISION MAKING
ECONOMETRICS
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMICS
ECONOMY
ELEMENTS
ENERGY CONSERVATION
ENERGY CONVERSION
ENERGY MODELS
ENERGY POLICY
ENERGY SOURCES
ENERGY SUPPLIES
FLUIDS
FOREIGN POLICY
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
IMPLEMENTATION
INCOME
LINEAR PROGRAMMING
METALS
NATURAL GAS
NORTH AMERICA
PETROLEUM
RAW MATERIALS
STANDARD OF LIVING
TRADE
URANIUM
USA