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End-Use R&D: Technology Development Strategy for an Integrated Market

Author

Listed:
  • Clark W. Gellings
  • Jerome P. Harper

Abstract

This article provides a value maximization strategy for end-use R&D planning which meets both supply-side and demand-side R&D objectives. The strategy is compatible with conventional econometric market analysis, power system demand-side management or least-cost planning methods, and operations research approaches common to manufacturing. The strategy permits incorporation of supply and demand uncertainties into the R&D planning process. It also provides a methodology for determining the optimal set of R&D investments. These R&D investments will result in products that increase the value of electrical service, promote the efficient operation of electric power systems, and ensure the productivity of manufacturing operations.

Suggested Citation

  • Clark W. Gellings & Jerome P. Harper, 1989. "End-Use R&D: Technology Development Strategy for an Integrated Market," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 19-33.
  • Handle: RePEc:aen:journl:1989v10-03-a02
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    JEL classification:

    • F0 - International Economics - - General

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