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Published: 1981

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Methods for comparative evaluations of the Office of Transportation programs designed to help achieve significant reductions in the consumption of petroleum by different forms of transportation while maintaining public, commercial, and industrial mobility are described. Assessments of the programs in terms of petroleum savings, incremental costs to consumers of the technologies and activities, probability of technical and market success, and external impacts due to environmental, economic, and social factors are inputs to the evaluation methodologies presented. The methods described for evaluating the programs on a comparative basis are three ranking functions and a policy matrix listing important attributes of the programs and the technologies and activities with which they are concerned and include the traditional net present value measure which computes the present worth of petroleum savings less the present worth of costs. This is modified by dividing by the present value of DOE funding to obtain a net present value per program dollar, which is the second ranking function. The third ranking function is broader in that it takes external impacts into account and is known as the comprehensive ranking function. Procedures are described for making computations of the ranking functions and the attributes that require computation. Computations are made for the electric vehicle, Stirling engine, gas turbine, and MPG mileage guide program. (MCW).