A decision analysis of the U.S. breeder reactor program

Alan Manne and Richard G. Richels

Energy, 1978, vol. 3, issue 6, 747-767

Abstract: Past modelling efforts have failed to reach a consensus on breeder R & D strategy. These failures have led some to question the usefulness of benefit-cost analysis for a problem as complex and as politicized as this one has become. Our paper examines some of the major weaknesses of past benefit-cost analyses and then reformulates the breeder investment decision in a decision tree framework. Decision analysis is used to evaluate alternative R & D strategies that range from accelerating the current effort to abandoning the entire program.

Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:3:y:1978:i:6:p:747-767

DOI: 10.1016/0360-5442(78)90042-7

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