Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.02.030 |
A portfolio decision analysis approach to support energy research and development resource allocation | |
Kurth, Margaret1; Keisler, Jeffrey M.2; Bates, Matthew E.1; Bridges, Todd S.1; Summers, Jeffrey3; Linkov, Igor1 | |
2017-06-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 105 |
文章类型 | Article |
语种 | 英语 |
国家 | USA |
英文摘要 | Research sponsored by the US Department of Energy (DOE) aims to facilitate a clean and independent energy future for the nation. Strategic planning for energy research and development (R & D) can be complex and dynamic, in part due to federal budgetary constraints and volatility. Managing R & D funding to advance energy technologies, in spite of these challenges, is a crucial component of the nation's long term energy policy. This study demonstrates a portfolio decision analysis (PDA) approach to support R & D resource allocation decisions for the DOE Office of Fossil Energy's Carbon Capture and Storage R & D program. A multi-attribute value model uses technology readiness levels (TRU) and other metrics to represent the overall objectives of the R&D program in order to evaluate alternative research portfolios given limited funding. Mathematical optimization identifies efficient funding allocations for each technology program area to maximize the multi-attribute value generated from the total budget. This is especially useful for responding to externally-imposed-budget changes. As the case study demonstrates, explicitly funding the most value-generating options leads to greater expected R&D programmatic value than typical strategies of equal or proportional distributions of a budget change among technology program areas. |
英文关键词 | Portfolio decision analysis (PDA) Research and development (R & D) Technology readiness level (TRL) Multi-attribute value model |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000400532900013 |
WOS关键词 | CLIMATE-CHANGE ; BUDGET |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18773 |
专题 | 气候变化 |
作者单位 | 1.US Army, Environm Lab, Engn Res & Dev Ctr, Corps Engineers, Washington, DC 20310 USA; 2.Univ Massachusetts Boston, Coll Management, Boston, MA USA; 3.US DOE, Off Carbon Capture & Storage Res & Dev, Germantown, MD USA |
推荐引用方式 GB/T 7714 | Kurth, Margaret,Keisler, Jeffrey M.,Bates, Matthew E.,et al. A portfolio decision analysis approach to support energy research and development resource allocation[J]. ENERGY POLICY,2017,105. |
APA | Kurth, Margaret,Keisler, Jeffrey M.,Bates, Matthew E.,Bridges, Todd S.,Summers, Jeffrey,&Linkov, Igor.(2017).A portfolio decision analysis approach to support energy research and development resource allocation.ENERGY POLICY,105. |
MLA | Kurth, Margaret,et al."A portfolio decision analysis approach to support energy research and development resource allocation".ENERGY POLICY 105(2017). |
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