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| Tekijä: | Rothwell, G. |
| Otsikko: | Managing advanced technology system deployment: An optimal allocation between R&D and prototype funding |
| Lehti: | Economics of innovation and new technology
2007 : JUL-SEP, VOL. 16:5-6, p. 419-432 |
| Asiasana: | decision analysis cost benefit analysis technological innovation R&D energy policy management financing USA |
| Kieli: | eng |
| Tiivistelmä: | A cost-benefit methodology is proposed to evaluate U.S. Department of Energy's Research, Development, and Demonstration (RD&D) programmes by The U.S. National Research Council of the National Academies in Prospective Evaluation of Applied Energy Research and Development at DOE (Phase One): A First Look Forward (2005). In this paper, this methodology is specified and extended, e.g. by adding cost targets into each stage of the RD&D process. Expected benefits are modelled as a function of funding levels, ..., and target costs. With this method, an optimal allocation of pre-prototype R&D funding is determined, given a total funding constraint for an advanced energy system. |
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