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Decision analysis for geothermal energy

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dc.contributor.advisor Herbert Einstein. en_US Yost, Keith A en_US
dc.contributor.other Massachusetts Institute of Technology. Technology and Policy Program. en_US 2012-04-26T18:51:32Z 2012-04-26T18:51:32Z 2012 en_US 2012 en_US
dc.description Thesis (S.M. in Technology and Policy)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2012. en_US
dc.description Cataloged from PDF version of thesis. en_US
dc.description Includes bibliographical references (p. 151). en_US
dc.description.abstract One of the key impediments to the development of enhanced geothermal systems is a deficiency in the tools available to project planners and developers. Weak tool sets make it difficult to accurately estimate the cost and schedule requirements of a proposed geothermal plant, and thus make it more difficult for those projects to survive an economic decision-making process. This project, part of a larger effort led by the Department of Energy, seeks to develop a suite of decision analysis tools capable of accurately gauging the economic costs and benefits of geothermal projects with uncertain outcomes. In particular. this project seeks to adapt a set of existing tools, the Decision Aids for Tunnelling, to the context of well-drilling, and make them suitable for use as a core software set around which additional software models can be added. We assess the usefulness of the Decision Aids for Tunnelling (DAT) by creating two realistic case studies to serve as proofs of concept. These case studies are then put through analyses designed to reflect project risks to which geothermal wells are vulnerable. We find that the DAT have sufficient flexibility to model geothermal projects accurately and provide cost and schedule distributions on potential outcomes of geothermal projects, and recommend methods of usage appropriate to well drilling scenarios. en_US
dc.description.statementofresponsibility by Keith A. Yost.. en_US
dc.format.extent 228 p. en_US
dc.language.iso eng en_US
dc.publisher Massachusetts Institute of Technology en_US
dc.rights M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. en_US
dc.rights.uri en_US
dc.subject Engineering Systems Division. en_US
dc.subject Technology and Policy Program. en_US
dc.title Decision analysis for geothermal energy en_US
dc.type Thesis en_US Technology and Policy en_US
dc.contributor.department Massachusetts Institute of Technology. Engineering Systems Division. en_US
dc.contributor.department Massachusetts Institute of Technology. Technology and Policy Program. en_US
dc.identifier.oclc 785149196 en_US

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