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Industrial Decision Making
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Domestic industrial investment has declined due to unfavorable energy prices, and external markets. Investment behavior has changed over the past few years, and will continue due to high labor costs, tight markets and an unstable U.S. economy although, freight costs, favorable exchange rates and high capacity utilization will encourage future industrial investment. Industry will eventually enter a new period of major investment. Future industrial investment will be an opportunity to influence the energy efficiency of these facilities for generations to come. Program managers must begin engaging industrial customers now, in order to exploit this unprecedented opportunity to change future energy use patterns. This paper reviews recent market trends and industrial investment decision-making. The paper will also address several important questions: • Why has industrial investment declined? • What is the outlook for industrial investment? • How can programs engage industry for future opportunities?
Elliott, R. N.; McKinney, V.; Shipley, A. (2008). Industrial Decision Making. Energy Systems Laboratory (http://esl.tamu.edu); Texas A&M University (http://www.tamu.edu). Available electronically from