SUMMARYThis Advanced Fuel Cycle Initiative (AFCI) study has developed new analysis methods to examine old and new technology options toward the goal of improving fuel cycle systems. We have integrated participants and information from AFCI Systems Analysis, Transmutation Fuels, Separations, and Waste Form Campaigns in the Systems Losses and Assessment Trade Study. The initial objectives of this study were to 1) increase understanding of system interdependencies and thereby identify system trade-offs that may yield important insights, 2) define impacts of separations product purity on fuel manufacture and transmutation reactivity, 3) define impacts from transuranic (TRU) losses to waste, 4) identify the interrelationships involved in fuels and separations technology performance, and 5) identify system configuration adjustments with the greatest potential for influencing system losses. While bounding and analyzing this initial problem, we also identified significantly higher-level programmatic drivers with broad implications to the current fuel cycle research charter and the general issue of a DOE complex wide need for a comprehensive and integrated nuclear material management as addressed by the new DOE Order 410.2 titled "Management of Nuclear Materials." The initial modeling effort developed in this study for a much smaller subset of material (i.e., commercial fuel) and a selected transmutation scheme (i.e., fast reactor recycling) is a necessary first step towards examining a broader set of nuclear material management options, dispositioning strategies and integrated waste management options including potential areas of research leverage.Comprehensive fuel cycle analysis is a very complicated problem. There are four major technological drivers/functions in this cycle and each of these have additional subsets of options: reactor type/fuel form, used fuel separations and waste conditioning, fuel (re)fabrication, and waste disposal. Historically speaking, the evolution of nuclear power did not occur based on a fully integrated picture for a selected fuel cycle with a complete understanding of the pros and cons related to each potential option. Never-theless, this analytical capability remains a critical path issue for optimizing the cost and risks related to the material management issues for a given fuel and the overall problem of nuclear material management for all fuel types, target/isotope production, radioactive waste and special nuclear material (SNM). Putting all of the four major technological drivers on a common design and cost estimating basis is necessary as a first step for any fuel type. However, this alone is not sufficient because the comprehensive nuclear material management strategy will have to address all of the wide range of materials that might be fed into it and the waste forms that could result. A more complete system understanding of the tradeoffs between separations, fuel fabrication, waste forms, waste disposition, and reactor performance is required. All materials fed into the system or...