Nuclear Fuel Cycle Evaluation and Real Options
The first part of this paper describes the nuclear fuel cycle. It is divided into three parts. The first part, called Front-End, covers all activities connected with fuel procurement and fabrication. The middle part of the cycle includes fuel reload design activities and the operation of the fuel in...
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| Format: | Article |
| Language: | English |
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CTU Central Library
2008-01-01
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| Series: | Acta Polytechnica |
| Subjects: | |
| Online Access: | https://ojs.cvut.cz/ojs/index.php/ap/article/view/991 |
| _version_ | 1818516406326525952 |
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| author | L. Havlíček |
| author_facet | L. Havlíček |
| author_sort | L. Havlíček |
| collection | DOAJ |
| description | The first part of this paper describes the nuclear fuel cycle. It is divided into three parts. The first part, called Front-End, covers all activities connected with fuel procurement and fabrication. The middle part of the cycle includes fuel reload design activities and the operation of the fuel in the reactor. Back-End comprises all activities ensuring safe separation of spent fuel and radioactive waste from the environment. The individual stages of the fuel cycle are strongly interrelated. Overall economic optimization is very difficult. Generally, NPV is used for an economic evaluation in the nuclear fuel cycle. However the high volatility of uranium prices in the Front-End, and the large uncertainty of both economic and technical parameters in the Back-End, make the use of NPV difficult. The real option method is able to evaluate the value added by flexibility of decision making by a company under conditions of uncertainty. The possibility of applying this method to the nuclear fuel cycle evaluation is studied. |
| first_indexed | 2024-12-11T00:41:43Z |
| format | Article |
| id | doaj.art-0536727752e248708bbc93b492a2c262 |
| institution | Directory Open Access Journal |
| issn | 1210-2709 1805-2363 |
| language | English |
| last_indexed | 2024-12-11T00:41:43Z |
| publishDate | 2008-01-01 |
| publisher | CTU Central Library |
| record_format | Article |
| series | Acta Polytechnica |
| spelling | doaj.art-0536727752e248708bbc93b492a2c2622022-12-22T01:26:53ZengCTU Central LibraryActa Polytechnica1210-27091805-23632008-01-01483991Nuclear Fuel Cycle Evaluation and Real OptionsL. HavlíčekThe first part of this paper describes the nuclear fuel cycle. It is divided into three parts. The first part, called Front-End, covers all activities connected with fuel procurement and fabrication. The middle part of the cycle includes fuel reload design activities and the operation of the fuel in the reactor. Back-End comprises all activities ensuring safe separation of spent fuel and radioactive waste from the environment. The individual stages of the fuel cycle are strongly interrelated. Overall economic optimization is very difficult. Generally, NPV is used for an economic evaluation in the nuclear fuel cycle. However the high volatility of uranium prices in the Front-End, and the large uncertainty of both economic and technical parameters in the Back-End, make the use of NPV difficult. The real option method is able to evaluate the value added by flexibility of decision making by a company under conditions of uncertainty. The possibility of applying this method to the nuclear fuel cycle evaluation is studied.https://ojs.cvut.cz/ojs/index.php/ap/article/view/991nuclear fuel cyclefront-endback-endeconomic evaluationevaluation methodsNPVuncertaintyflexibilityreal options |
| spellingShingle | L. Havlíček Nuclear Fuel Cycle Evaluation and Real Options Acta Polytechnica nuclear fuel cycle front-end back-end economic evaluation evaluation methods NPV uncertainty flexibility real options |
| title | Nuclear Fuel Cycle Evaluation and Real Options |
| title_full | Nuclear Fuel Cycle Evaluation and Real Options |
| title_fullStr | Nuclear Fuel Cycle Evaluation and Real Options |
| title_full_unstemmed | Nuclear Fuel Cycle Evaluation and Real Options |
| title_short | Nuclear Fuel Cycle Evaluation and Real Options |
| title_sort | nuclear fuel cycle evaluation and real options |
| topic | nuclear fuel cycle front-end back-end economic evaluation evaluation methods NPV uncertainty flexibility real options |
| url | https://ojs.cvut.cz/ojs/index.php/ap/article/view/991 |
| work_keys_str_mv | AT lhavlicek nuclearfuelcycleevaluationandrealoptions |