IDEAS home Printed from https://ideas.repec.org/a/inm/orinte/v23y1993i1p44-58.html
   My bibliography  Save this article

How the Gas Research Institute (GRI) Helped Transform the US Natural Gas Industry

Author

Listed:
  • William M. Burnett

    (Gas Research Institute, 8600 W. Bryn Mawr Avenue, Chicago, Illinois 60631)

  • Dominic J. Monetta

    (800 25th Street N.W., Washington, DC 20037)

  • Barry G. Silverman

    (Institute for Artificial Intelligence, George Washington University, Washington, DC 20052)

Abstract

In the 1970s, natural gas was thought to be “a fuel with no future.” To change this, the industry formed a research and development (R&D) arm called the Gas Research Institute (GRI). Since 1978, the GRI R&D program has resulted in 132 commercial products, processes, or techniques that have helped turn natural gas into “the fuel of the future.” In doing this, GRI achieved a project success rate of 30 percent—or over twice the US industry-wide average—and a benefit-to-cost ratio of at least seven to one. This success is widely credited to the use of the project appraisal methodology (PAM), a multiattribute, decision analytic scoring function and group advisory process. PAM can be credited with half of the benefits achieved. These benefits are at least $11 billion and as high as $132 billion.

Suggested Citation

  • William M. Burnett & Dominic J. Monetta & Barry G. Silverman, 1993. "How the Gas Research Institute (GRI) Helped Transform the US Natural Gas Industry," Interfaces, INFORMS, vol. 23(1), pages 44-58, February.
    • Handle: RePEc:inm:orinte:v:23:y:1993:i:1:p:44-58
    DOI: 10.1287/inte.23.1.44
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/inte.23.1.44
    Download Restriction: no
    File URL: https://libkey.io/10.1287/inte.23.1.44?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Donald L. Keefer & Craig W. Kirkwood & James L. Corner, 2004. "Perspective on Decision Analysis Applications, 1990–2001," Decision Analysis, INFORMS, vol. 1(1), pages 4-22, March.
    2. Peter C. Bell & Chris K. Anderson & Stephen P. Kaiser, 2003. "Strategic Operations Research and the Edelman Prize Finalist Applications 1989--1998," Operations Research, INFORMS, vol. 51(1), pages 17-31, February.
    3. Peter C. Bell & Chris K. Anderson, 2002. "In Search of Strategic Operations Research/Management Science," Interfaces, INFORMS, vol. 32(2), pages 28-40, April.
    4. Zhou, P. & Ang, B.W. & Poh, K.L., 2006. "Decision analysis in energy and environmental modeling: An update," Energy, Elsevier, vol. 31(14), pages 2604-2622.
    5. Boaz Golany & Moshe Kress & Michal Penn & Uriel G. Rothblum, 2012. "Network Optimization Models for Resource Allocation in Developing Military Countermeasures," Operations Research, INFORMS, vol. 60(1), pages 48-63, February.
    6. Schilling, Martin S. & Mulford, Matthew, 2007. "In search of value-for-money in collective bargaining: an analytic-interactive mediation process," LSE Research Online Documents on Economics 22694, London School of Economics and Political Science, LSE Library.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:orinte:v:23:y:1993:i:1:p:44-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.