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Chapter 24 - The Optimal Time to Decommission Commercial Nuclear Reactors

Geoffrey S. Rothwell

Year: 1991
Volume: Volume 12
Number: Special Issue
DOI: 10.5547/ISSN0195-6574-EJ-Vol12-NoSI-24
View Abstract

One of the key questions related to decommissioning is its optimal timing. In this final chapter, Geoffrey Rothwell integrates the findings presented in Nuclear Decommissioning Economics by proposing a model of discounted decommissioning costs. The real cost of decontaminating a reactor is specified as a function of its size, the volume of radioactive material, radiation exposure regulation, and the rate of productivity change in the decommissioning industry. The model allows calculation of an optimal waiting period between reactor shutdown and decommissioning. The optimal waiting period decreases with tighter radiation exposure regulation and higher inflation rates for radioactivewaste burial.

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