Urban Studies and Planning Commons^™

Least-Cost Transportation Planning In Odot: Feasability Report, Anthony M. Rufolo, Lois M. Bronfman, James G. Strathman

Center for Urban Studies Publications and Reports

Least Cost Planning or Integrated Resource Planning is used in the electric utility industry to broaden the scope of choices to meet service requirements. This typically includes methods to reduce the demand for electricity as well as the more traditional electric generation options. Techniques have been developed to compare the cost of electricity generation with the cost of meeting service requirements by reducing electricity usage. In addition to cost considerations, utilities typically take account of uncertainty associated with forecasts and a variety of other considerations in specifying their least cost plan.