Economic Evaluation on the MOX Fuel in the Closed Fuel Cycle

The mixed oxide (MOX) fuel is one of the most important fuels for the advanced reactors in the future. It is flexible to be applied either in the thermal reactor like pressurized water reactor (PWR) or in the fast reactor (FR). This paper compares the two approaches from the view of fuel cost. Two f...

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Main Authors: Youqi Zheng, Hongchun Wu, Liangzhi Cao, Shizhuang Jia
Format: Article
Language:English
Published: Wiley 2012-01-01
Series:Science and Technology of Nuclear Installations
Online Access:http://dx.doi.org/10.1155/2012/698019
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author Youqi Zheng
Hongchun Wu
Liangzhi Cao
Shizhuang Jia
author_facet Youqi Zheng
Hongchun Wu
Liangzhi Cao
Shizhuang Jia
author_sort Youqi Zheng
collection DOAJ
description The mixed oxide (MOX) fuel is one of the most important fuels for the advanced reactors in the future. It is flexible to be applied either in the thermal reactor like pressurized water reactor (PWR) or in the fast reactor (FR). This paper compares the two approaches from the view of fuel cost. Two features are involved. (1) The cost of electricity (COE) is investigated based on the simulation of realistic operation of a practical PWR power plant and a typical fast breeder reactor design. (2) A new economic analysis model is established, considering the discount rate and the revenue of the reprocessed plutonium besides the traditional costs in the processes of fuel cycle. The sensitivity of COE to the changing parameters is also analyzed. The results show that, in the closed fuel cycle, the fuel cost of applying MOX fuels in the FBR is about 25% lower than that in the PWR at the current operating and fuel cycle level.
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institution Kabale University
issn 1687-6075
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language English
publishDate 2012-01-01
publisher Wiley
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series Science and Technology of Nuclear Installations
spelling doaj-art-471b3f8284284121a6278e43bb07d17c2025-02-03T01:31:24ZengWileyScience and Technology of Nuclear Installations1687-60751687-60832012-01-01201210.1155/2012/698019698019Economic Evaluation on the MOX Fuel in the Closed Fuel CycleYouqi Zheng0Hongchun Wu1Liangzhi Cao2Shizhuang Jia3School of Nuclear Science and Technology, Xi’an Jiaotong University, Xi’an, Shaanxi 710049, ChinaSchool of Nuclear Science and Technology, Xi’an Jiaotong University, Xi’an, Shaanxi 710049, ChinaSchool of Nuclear Science and Technology, Xi’an Jiaotong University, Xi’an, Shaanxi 710049, ChinaSchool of Nuclear Science and Technology, Xi’an Jiaotong University, Xi’an, Shaanxi 710049, ChinaThe mixed oxide (MOX) fuel is one of the most important fuels for the advanced reactors in the future. It is flexible to be applied either in the thermal reactor like pressurized water reactor (PWR) or in the fast reactor (FR). This paper compares the two approaches from the view of fuel cost. Two features are involved. (1) The cost of electricity (COE) is investigated based on the simulation of realistic operation of a practical PWR power plant and a typical fast breeder reactor design. (2) A new economic analysis model is established, considering the discount rate and the revenue of the reprocessed plutonium besides the traditional costs in the processes of fuel cycle. The sensitivity of COE to the changing parameters is also analyzed. The results show that, in the closed fuel cycle, the fuel cost of applying MOX fuels in the FBR is about 25% lower than that in the PWR at the current operating and fuel cycle level.http://dx.doi.org/10.1155/2012/698019
spellingShingle Youqi Zheng
Hongchun Wu
Liangzhi Cao
Shizhuang Jia
Economic Evaluation on the MOX Fuel in the Closed Fuel Cycle
Science and Technology of Nuclear Installations
title Economic Evaluation on the MOX Fuel in the Closed Fuel Cycle
title_full Economic Evaluation on the MOX Fuel in the Closed Fuel Cycle
title_fullStr Economic Evaluation on the MOX Fuel in the Closed Fuel Cycle
title_full_unstemmed Economic Evaluation on the MOX Fuel in the Closed Fuel Cycle
title_short Economic Evaluation on the MOX Fuel in the Closed Fuel Cycle
title_sort economic evaluation on the mox fuel in the closed fuel cycle
url http://dx.doi.org/10.1155/2012/698019
work_keys_str_mv AT youqizheng economicevaluationonthemoxfuelintheclosedfuelcycle
AT hongchunwu economicevaluationonthemoxfuelintheclosedfuelcycle
AT liangzhicao economicevaluationonthemoxfuelintheclosedfuelcycle
AT shizhuangjia economicevaluationonthemoxfuelintheclosedfuelcycle