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The economics of alternative fuel cycles on sodium-cooled fast reactors and uncertainty and sensitivity analysis of cost estimates

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dc.contributor.advisor Andrew C. Kadak. en_US Russo, Genevieve V. (Genevieve Virgina) en_US
dc.contributor.other Massachusetts Institute of Technology. Dept. of Nuclear Science and Engineering. en_US 2011-05-09T15:23:17Z 2011-05-09T15:23:17Z 2010 en_US 2010 en_US
dc.description Thesis (S.M. and S.B.)--Massachusetts Institute of Technology, Dept. of Nuclear Science and Engineering, 2010. en_US
dc.description Cataloged from PDF version of thesis. en_US
dc.description Includes bibliographical references (p. 78-79). en_US
dc.description.abstract Previous work was done to create a baseline capital cost model for the SFR in which case studies were performed to identify ways to decrease the capital costs while maintaining safety and performance. This thesis expands on the capital cost model to include uncertainty analysis, as well as performing qualitative cost evaluations for the fuel cycle and O&M costs. An uncertainty model was developed from the available data for capital account costs, the point estimate and the contingency. After evaluating several alternative uncertainty models, a reasonable model was created by assuming the capital account costs to be lognormal distributions and assigning the point estimate as the 10th percentile and the contingency amount as the standard deviation for each of the accounts. The resulting Total Capital Cost distribution fits the mental model of cost estimating practices for Engineering, Procurement and Constructor (EPC) contractors. The Total Cost Distribution determined in this thesis has the best estimate without contingency below the 10th percentile, the best estimate plus contingency near the 50 th percentile, and the 90 th percentile equal to 110% of the best estimate plus contingency. Statistical analysis was performed on the SFR capital cost distribution and an assumed LWR capital cost distribution. The purpose of this exercise was to determine the statistical significance of the difference between the expected LWR and SFR capital costs for given mean costs and standard deviations. The result is that the estimated cost of the SFR is greater than the expected LWR cost and the difference is statistically significant. While the capital cost distributions for the two reactors overlap, the methodology provides a way to quantify the differences. While fuel cycle costs for the reprocessing alternatives, aqueous and pyroprocessing, are largely unknown, a comparison was made between the two based on several factors that could influence the cost: capital costs, waste streams, proliferation concerns, and technology readiness to inform the fuel choices for SFRs - namely oxide or metallic from a fuel cycle perspective. As a result, the aqueous process is thought to be more economical based on proven technology, reduced and lower cost waste streams, and the process costs of reprocessing and fuel fabrication. Other factors, such as the symbiotic relationship between LWRs and SFRs and the location of the facility, could have significant effects on the fuel cycle cost component of the total cost of electricity for an SFR. Centralized facilities have economic advantages in fuel cycle cost savings and depending on how spent fuel from light water reactors is treated - namely as a cost to the utility for removal, it could be a fuel cycle savings for SFRs. Based on SFR operating experience, there have been several O&M issues unique to the SFR design which have the potential to increase O&M costs. Past operating experience is not encouraging but if the lessons learned are applied in design, such as ease of inspection, monitoring, and ease of replacement of known troublesome equipment, the expectation is that there should be no inherent O&M cost differentials between LWRs and SFRs if best practices are followed. The choice of fuel type for SFRs, namely metal or oxide, is left to other operating plant capital cost decisions based on risk informed safety analyses. en_US
dc.description.statementofresponsibility by Genevieve V. Russo. en_US
dc.format.extent 79 p. en_US
dc.language.iso eng en_US
dc.publisher Massachusetts Institute of Technology en_US
dc.rights M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. en_US
dc.rights.uri en_US
dc.subject Nuclear Science and Engineering. en_US
dc.title The economics of alternative fuel cycles on sodium-cooled fast reactors and uncertainty and sensitivity analysis of cost estimates en_US
dc.type Thesis en_US S.M.and S.B. en_US
dc.contributor.department Massachusetts Institute of Technology. Dept. of Nuclear Science and Engineering. en_US
dc.identifier.oclc 714609693 en_US

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