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How the Gas Research Institute (GRI) Helped Transform the US Natural Gas Industry

Author

Listed:
  • William M. Burnett

    (Gas Research Institute, 8600 W. Bryn Mawr Avenue, Chicago, Illinois 60631)

  • Dominic J. Monetta

    (800 25th Street N.W., Washington, DC 20037)

  • Barry G. Silverman

    (Institute for Artificial Intelligence, George Washington University, Washington, DC 20052)

Abstract

In the 1970s, natural gas was thought to be “a fuel with no future.” To change this, the industry formed a research and development (R&D) arm called the Gas Research Institute (GRI). Since 1978, the GRI R&D program has resulted in 132 commercial products, processes, or techniques that have helped turn natural gas into “the fuel of the future.” In doing this, GRI achieved a project success rate of 30 percent—or over twice the US industry-wide average—and a benefit-to-cost ratio of at least seven to one. This success is widely credited to the use of the project appraisal methodology (PAM), a multiattribute, decision analytic scoring function and group advisory process. PAM can be credited with half of the benefits achieved. These benefits are at least $11 billion and as high as $132 billion.

Suggested Citation

  • William M. Burnett & Dominic J. Monetta & Barry G. Silverman, 1993. "How the Gas Research Institute (GRI) Helped Transform the US Natural Gas Industry," Interfaces, INFORMS, vol. 23(1), pages 44-58, February.
    • Handle: RePEc:inm:orinte:v:23:y:1993:i:1:p:44-58
    DOI: 10.1287/inte.23.1.44
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    Citations

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    Cited by:

    1. Schilling, Martin S. & Mulford, Matthew, 2007. "In search of value-for-money in collective bargaining: an analytic-interactive mediation process," LSE Research Online Documents on Economics 22694, London School of Economics and Political Science, LSE Library.
    2. Peter C. Bell & Chris K. Anderson, 2002. "In Search of Strategic Operations Research/Management Science," Interfaces, INFORMS, vol. 32(2), pages 28-40, April.
    3. Boaz Golany & Moshe Kress & Michal Penn & Uriel G. Rothblum, 2012. "Network Optimization Models for Resource Allocation in Developing Military Countermeasures," Operations Research, INFORMS, vol. 60(1), pages 48-63, February.
    4. Donald L. Keefer & Craig W. Kirkwood & James L. Corner, 2004. "Perspective on Decision Analysis Applications, 1990–2001," Decision Analysis, INFORMS, vol. 1(1), pages 4-22, March.
    5. Peter C. Bell & Chris K. Anderson & Stephen P. Kaiser, 2003. "Strategic Operations Research and the Edelman Prize Finalist Applications 1989--1998," Operations Research, INFORMS, vol. 51(1), pages 17-31, February.
    6. Zhou, P. & Ang, B.W. & Poh, K.L., 2006. "Decision analysis in energy and environmental modeling: An update," Energy, Elsevier, vol. 31(14), pages 2604-2622.

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