EPRI Reduces Fuel Inventory Costs in the Electric Utility Industry

Hung-po Chao, Stephen W. Chapel, Charles E. Clark, Peter A. Morris, M. James Sandling and Richard C. Grimes
Additional contact information
Hung-po Chao: Electric Power Research Institute, 3412 Hillview Avenue, Palo Alto, California 94303
Stephen W. Chapel: Electric Power Research Institute, 3412 Hillview Avenue, Palo Alto, California 94303
Charles E. Clark: Decision Focus Incorporated, 4984 El Camino Real, Los Altos, California 94022
Peter A. Morris: Applied Decision Analysis, Inc., 3000 Sand Hill Road, Melo Park, California 94025
M. James Sandling: Solomon Brothers, New York, New York
Richard C. Grimes: Decision Focus Incorporated, 4984 El Camino Real, Los Altos, California 94022

Interfaces, 1989, vol. 19, issue 1, 48-67

Abstract: An industry-wide utility fuel inventory model has been used by electric utilities to manage the cost and the risks of holding inventory. The model, which is based on a combination of analytical and simulation models, has been successfully transferred to over 74 utilities for a realized savings of over $125 million.

Keywords: industries: electric/electronic; inventory/production: application (search for similar items in EconPapers)
Date: 1989
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:19:y:1989:i:1:p:48-67

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