The Cost of a Nuclear-Fuel Repository: A Criterion Valuation by Means of Fuzzy Logic

Pierre Louis Kunsch and Mathieu Vander Straeten ()
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Pierre Louis Kunsch: Université libre de Bruxelles (ULB)
Mathieu Vander Straeten: Université libre de Bruxelles (ULB)

Chapter Chapter 11 in Evaluation and Decision Models with Multiple Criteria, 2015, pp 311-339 from Springer

Abstract: Abstract In this chapter a fuzzy methodology is presented for the valuation of criteria for which the level of available knowledge is limited or inexistent. Due to this lack of knowledge, statistical techniques and data mining are only useable in a limited way. The criteria valuations rely on the elicitation of experts’ knowledge. For coping with criteria valuations in a similar uncertainty context a three-tiered fuzzy inference system has been developed. Details on the fuzzy rules and implications in this fuzzy inference system are provided. This approach has been used in practice for the cost and financial analysis of radioactive-waste-management projects. The case study on a nuclear-fuel repository is a fictive simulation of an actual project assessment. It is presented along with the Fuzzy Inference System software, called FIS Tool, which has been developed for the analysis. It is thought that the approach can be extended to different criteria valuations, particularly in the field of environmental management.

Keywords: Fuzzy Inference System; Contingency Factor; Electric Power Research Institute; Discount Cost; Criterion Valuation (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:ihichp:978-3-662-46816-6_11

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DOI: 10.1007/978-3-662-46816-6_11

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