Goal Oriented Funding for Geothermal Exploration R&D
- Key words
- Economics; R & D Goals; Benefit; Cost; Budget; Federal R & D; Method; Level R & D; Discounted Present Value; US DOE
- Conference
- Geothermal Resources Council Transactions
- Year
- 1979
- Session
- Economics; Exploration
- Language
- English
Abstract
This paper presents a methodology for R&D budgeting based on targeted goals for improvement and their expected benefits. The level of R&D funding is determined by estimating the discounted present worth of the targeted improvement, and a suitable value of benefit/cost ration for the R&D activities.
Copyright 1979, Geothermal Resources Council. Readers who download papers from this site should honour the copyright of the original authors, and may not copy or distribute the work further without the permission of the original publisher.