This paper proposes and explaines the economic model of MOX fuel used in PWR versus the one used in FBR, considering the fuel flow and the cash flow of fuel cycle. We take the point of view of a firm that is deciding whether to build a new PWR or a FBR, according to its fuel cost and annual cost, ignoring the capital cost and other costs. In order to make the results more practicable, in the future, the economic analysis will provide three sets of costs, which are the best, central and worst cases for the two reactors. The corresponding results, provide analysis of the sensitivity of the costs versus various parameters and other contents.

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