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R&D project selection for promoting the efficiency of energy use
Author(s) -
Silvennoinen P.
Publication year - 1994
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/j.1467-9310.1994.tb00887.x
Subject(s) - objectivity (philosophy) , portfolio , balance (ability) , work (physics) , efficient energy use , dozen , selection (genetic algorithm) , order (exchange) , environmental economics , business , operations management , actuarial science , economics , risk analysis (engineering) , computer science , engineering , finance , mathematics , psychology , mechanical engineering , philosophy , arithmetic , epistemology , neuroscience , artificial intelligence , electrical engineering
Screening criteria for selecting energy R& D projects are discussed and applied to a dozen projects currently underway. The impact on energy balance and environmental quality cannot be seen as the only, nor even the dominating, attribute. In the cases studied, the R&D portfolio seeks to achieve a balance between these factors and the other criteria related to technology and the market. In the event the development work is carried out at an independent R&D centre, it will be necessary to have a committed industrial partner from an early stage onwards in order to ensure objectivity, market perception and provide the best chance of commercialisation.