D.J.Bolton, Electrical Engineerign Economics, Chapman and Hall, London, 1951.
ADVANCES IN ENERGY FORECASTING MODELS BASED ON ENGINEERING ECONOMICS*
Ernst Worrell,1 Stephan Ramesohl,2 and Gale Boyd3
1Energy Analysis Department, Lawrence Berkeley National Laboratory, Berkeley, California 94720; email: firstname.lastname@example.org
2Energy Division, Wuppertal Institute for Climate, Environment, Energy, 42103 Wuppertal, Germany; email: email@example.com
3Decision and Information Sciences Division, Argonne National Laboratory, Argonne, Illinois 60439; email: firstname.lastname@example.org
Annual Review of Environment and Resources
Vol. 29: 345-381 (Volume publication date November 2004)
New energy efficiency policies have been introduced around the world. Historically, most energy models were reasonably equipped to assess the impact of classical policies, such as a subsidy or change in taxation. However, these tools are often insufficient to assess the impact of alternative policy instruments. We evaluate the so-called engineering economic models used to assess future industrial energy use. Engineering economic models include the level of detail commonly needed to model the new types of policies considered. We explore approaches to improve the realism and policy relevance of engineering economic modeling frameworks. We also explore solutions to strengthen the policy usefulness of engineering economic analysis that can be built from a framework of multidisciplinary cooperation. The review discusses the main modeling approaches currently used and evaluates the weaknesses in current models. We focus on the needs to further improve the models. We identify research priorities for the modeling framework, technology representation in models, policy evaluation, and modeling of decision-making behavior.
Vol. 29: 301-344 (Volume publication date November 2004)
An Engineering-Economic Analysis of Combined Heat and Power Technologies in a μGrid Application, Owen Bailey, Boubékeur Ouaglal, Emily Bartholomew, Chris Marnay, and Norman Bourassa, Prepared for the United States Environmental Protection Agency, http://eetd.lbl.gov/EA/EMS/reports/50023.pdf