Abstract
A methodology for simulating the decision process of an investor deciding between alternative energy systems is presented. The approach assumes the investor bases his decision on cost (or rate of return) and risk. Risk is treated directly in the model and not reduced to a certainty equivalent. The rate of return-risk characteristics of many system combinations allows them to be eliminated as viable choices to the investor without reference to his personal attitude toward risk.
Recommended Citation
Costello, Dennis, "Choosing Alternative Energy Systems Under Conditions of Uncertainty" (1975). UMR-MEC Conference on Energy / UMR-DNR Conference on Energy. 81, pp. 268-273.
https://scholarsmine.mst.edu/umr-mec/81
Meeting Name
2nd Annual UMR-MEC Conference on Energy (1975: Oct. 7-9, Rolla, MO)
Document Type
Article - Conference proceedings
Session
Economics of Energy
Document Version
Final Version
File Type
text
Language(s)
English
Rights
© 1976 University of Missouri--Rolla, All rights reserved.
Publication Date
09 Oct 1975
Included in
Electrical and Computer Engineering Commons, Mechanical Engineering Commons, Mining Engineering Commons, Nuclear Engineering Commons, Petroleum Engineering Commons