Publication

An Optimal Allocation between R&D and Prototype Funding: The Case of Generation IV International Forum’s Nuclear Energy Initiative

2005
Rapport ou document de travail
Résumé

National Research Council of the National Academies, Prospective Evaluation of Applied Energy Research and Development at DOE (Phase One): A First Look Forward (2005) proposes a cost-benefit methodology to evaluate U.S. Department of Energy’s Research, Development, and Demonstration (RD&D) programs. This paper develops the methodology for nuclear energy programs. The RD&D process is analyzed in two stages with two success probabilities: (1) that the technology will transition from the R&D Stage to the Prototype Demonstration Stage, and (2) that the technology will be adopted commercially. It models discounted expected total benefits of an RD&D program as a function of the levels of funding, stage durations, the probabilities of success, and spillovers to other technologies. Project duration is an exponential function of funding. Project success is a logistic function of funding and uncertainty. Spillovers are linear functions of funding at each stage. This specification allows calculation of the marginal effects of changes in funding on discounted expected total benefits for a single technology. The paper uses this method to offer an optimal allocation of pre-prototype R&D funding in the development of the Generation IV International Forum’s advanced nuclear energy systems under a specific parameterization and funding constraint.

À propos de ce résultat
Cette page est générée automatiquement et peut contenir des informations qui ne sont pas correctes, complètes, à jour ou pertinentes par rapport à votre recherche. Il en va de même pour toutes les autres pages de ce site. Veillez à vérifier les informations auprès des sources officielles de l'EPFL.
Concepts associés (35)
Débat sur l'énergie nucléaire
Le débat sur l'énergie nucléaire est un des sujets du débat politique. Les politiques énergétiques sont différentes d'un pays à l'autre, la majorité des pays n'a jamais produit d'électricité issue de l'utilisation de l'énergie nucléaire, d'autres ont programmé une sortie du nucléaire civil, ou bien ont décidé un moratoire pour la construction de nouveaux réacteurs nucléaires, ou même acté une interdiction d'exploitation ou d'importation d'électricité d'origine nucléaire dans leur législation.
Discounted cash flow
The discounted cash flow (DCF) analysis, in finance, is a method used to value a security, project, company, or asset, that incorporates the time value of money. Discounted cash flow analysis is widely used in investment finance, real estate development, corporate financial management, and patent valuation. Used in industry as early as the 1700s or 1800s, it was widely discussed in financial economics in the 1960s, and U.S. courts began employing the concept in the 1980s and 1990s.
Generation IV reactor
Generation IV reactors (Gen IV) are nuclear reactor design technologies that are envisioned as successors of generation III reactors. The Generation IV International Forum (GIF) - an international organization that coordinates the development of generation IV reactors - specifically selected six reactor technologies as candidates for generation IV reactors. The designs target improved safety, sustainability, efficiency, and cost.
Afficher plus
Publications associées (32)

Structural Measures as Guides to Ultrastable States in Overjammed Packings

Sangwoo Kim

Jammed, disordered packings of given sets of particles possess a multitude of equilibrium states with different mechanical properties. Identifying and constructing desired states, e.g., of superior stability, is a complex task. Here, we show that in two-di ...
2022

Design of a set of indicators suitable to help decision-making on energy strategies for Cuba

Heydi Contreras Peraza

The goal of this Master thesis project was to design a methodology that helps to analyze a set of indicators that can support the decision-making process, by identifying energy strategies with a temporal horizon 2030-2050 in Cuba. Several sources of data a ...
2020

Analysis of the sorption-enhanced chemical looping biomass gasification process: Performance assessment and optimization through design of experiment approach

François Maréchal, Thanaphorn Detchusananard

In this study, the performance of high-purity hydrogen production through the sorption-enhanced chemical looping gasification (SECLG) process, involving a gasifier, calciner, and air reactor, was investigated. In this process, the biomass feedstock was woo ...
2020
Afficher plus
MOOCs associés (22)
SES Swiss-Energyscope
La transition énergique suisse / Energiewende in der Schweiz
Plasma Physics: Introduction
Learn the basics of plasma, one of the fundamental states of matter, and the different types of models used to describe it, including fluid and kinetic.
Plasma Physics: Introduction
Learn the basics of plasma, one of the fundamental states of matter, and the different types of models used to describe it, including fluid and kinetic.
Afficher plus