Energy R& D Modeling for Budgetary Decisions

A top-down approach is taken to apply multiobjective decision analysis to the strategic budgetary decisions in energy research and development (R&D) planning. A model is developed for the explicit and quantitative treatment of uncertainties and project interrelationships. The model is applied to an example budgetary allocation between two coal liquefaction programs, H-Coal and Synthoil. The example demonstrates the potential appropriateness of decision analysis in energy R&D strategic planning.