THE OPTIMAL TIME TO DECOMMISSION COMMERCIAL NUCLEAR REACTORS*

Geoffrey S. Rothwell

The Energy Journal, 1991, vol. 12, issue 1_suppl, 305-314

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 radioactive waste burial.

Keywords: Nuclear decommissioning; Optimal timing; Decontamination; Demolition costs; Radioactive waste burial (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:12:y:1991:i:1_suppl:p:305-314

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-NoSI-24

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