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Modeling Natural Gas Regulatory Proposals Using the Project Independence Evaluation System

Author

Listed:
  • Frederic H. Murphy

    (Department of Energy, Washington, D.C.)

  • Reginald C. Sanders

    (Department of Energy, Washington, D.C.)

  • Susan H. Shaw

    (Department of Energy, Washington, D.C.)

  • Richard L. Thrasher

    (Department of Energy, Washington, D.C.)

Abstract

During the 1978 debates on the Natural Gas Pricing Act, Senator Henry M. Jackson of Washington, then Chairman of the Committee on Energy and Natural Resources, requested an analysis of the impact of the proposed legislation. A generic methodology was developed to represent alternative (average cost) regulatory proposals within the (marginal cost) framework of an economic equilibrium using the collection of models then known as the Project Independence Evaluation System. The results precipitated a controversy over the letter and intent of the competing legislative proposals.

Suggested Citation

  • Frederic H. Murphy & Reginald C. Sanders & Susan H. Shaw & Richard L. Thrasher, 1981. "Modeling Natural Gas Regulatory Proposals Using the Project Independence Evaluation System," Operations Research, INFORMS, vol. 29(5), pages 876-902, October.
    • Handle: RePEc:inm:oropre:v:29:y:1981:i:5:p:876-902
    DOI: 10.1287/opre.29.5.876
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    Citations

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    Cited by:

    1. Rioux, Bertrand & Galkin, Philipp & Murphy, Frederic & Feijoo, Felipe & Pierru, Axel & Malov, Artem & Li, Yan & Wu, Kang, 2019. "The economic impact of price controls on China's natural gas supply chain," Energy Economics, Elsevier, vol. 80(C), pages 394-410.
    2. Murphy, Frederic & Pierru, Axel & Smeers, Yves, 2019. "Measuring the effects of price controls using mixed complementarity models," European Journal of Operational Research, Elsevier, vol. 275(2), pages 666-676.
    3. Luis Contesse & Juan Ferrer & Sergio Maturana, 2005. "A Mixed-Integer Programming Model for Gas Purchase and Transportation," Annals of Operations Research, Springer, vol. 139(1), pages 39-63, October.
    4. Soyster, A.L. & Murphy, F.H., 2017. "Data driven matrix uncertainty for robust linear programming," Omega, Elsevier, vol. 70(C), pages 43-57.
    5. Matar, Walid & Murphy, Frederic & Pierru, Axel & Rioux, Bertrand, 2015. "Lowering Saudi Arabia's fuel consumption and energy system costs without increasing end consumer prices," Energy Economics, Elsevier, vol. 49(C), pages 558-569.
    6. Boucher, Jacqueline & Smeers, Yves, 1985. "Programmation mathématique et modélisation énergétique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 61(1), pages 24-50, mars.

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