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Illustrative Comparison of One Utility's Coal and Nuclear Choices

Author

Listed:
  • Ralph L. Keeney

    (Woodward-Clyde Consultants, San Francisco, California)

  • Alan Sicherman

    (Woodward-Clyde Consultants, San Francisco, California)

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.

Suggested Citation

  • Ralph L. Keeney & Alan Sicherman, 1983. "Illustrative Comparison of One Utility's Coal and Nuclear Choices," Operations Research, INFORMS, vol. 31(1), pages 50-83, February.
    • Handle: RePEc:inm:oropre:v:31:y:1983:i:1:p:50-83
    DOI: 10.1287/opre.31.1.50
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    Citations

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    Cited by:

    1. Ralph L. Keeney & Robin S. Gregory, 2005. "Selecting Attributes to Measure the Achievement of Objectives," Operations Research, INFORMS, vol. 53(1), pages 1-11, February.
    2. Jano-Ito, Marco A. & Crawford-Brown, Douglas, 2017. "Investment decisions considering economic, environmental and social factors: An actors' perspective for the electricity sector of Mexico," Energy, Elsevier, vol. 121(C), pages 92-106.
    3. Tianjun Feng & L. Robin Keller, 2006. "A Multiple-Objective Decision Analysis for Terrorism Protection: Potassium Iodide Distribution in Nuclear Incidents," Decision Analysis, INFORMS, vol. 3(2), pages 76-93, June.
    4. Robin Gregory & Baruch Fischhoff & Tim McDaniels, 2005. "Acceptable Input: Using Decision Analysis to Guide Public Policy Deliberations," Decision Analysis, INFORMS, vol. 2(1), pages 4-16, March.

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