Illustrative Comparison of One Utility's Coal and Nuclear Choices

Ralph L. Keeney and Alan Sicherman
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Ralph L. Keeney: Woodward-Clyde Consultants, San Francisco, California
Alan Sicherman: Woodward-Clyde Consultants, San Francisco, California

Operations Research, 1983, vol. 31, issue 1, 50-83

Abstract: The technology choices facing an individual utility are complex decision problems. The paper illustrates a method designed to assist an individual utility company in making these choices in a logically consistent manner. The resulting evaluation model, based on the principles of decision analysis, explicitly addresses the complexity to provide a basis for decision making and support for defending the decision before reviewers. The model, which incorporates economic, environmental, social, safety, and regulatory effects, is demonstrated using a coal/nuclear choice which may be faced by Utah Power and Light Company in the near future. This analysis is meant to be illustrative; more effort would be needed to gather information to support a policy decision.

Keywords: 92; 182; 855 coal and nuclear choices for a utility (search for similar items in EconPapers)
Date: 1983
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:31:y:1983:i:1:p:50-83

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