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End-Use R&D: Technology Development Strategy for an Integrated Market

Clark W. Gellings and Jerome P. Harper

The Energy Journal, 1989, vol. Volume 10, issue Number 3, 19-33

Abstract: This article provides a value maximization strategy for end-use R&D planning which meets both supply-side and demand-side R&D objectives. The strategy is compatible with conventional econometric market analysis, power system demand-side management or least-cost planning methods, and operations research approaches common to manufacturing. The strategy permits incorporation of supply and demand uncertainties into the R&D planning process. It also provides a methodology for determining the optimal set of R&D investments. These R&D investments will result in products that increase the value of electrical service, promote the efficient operation of electric power systems, and ensure the productivity of manufacturing operations.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 1989
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Handle: RePEc:aen:journl:1989v10-03-a02