Comparative evaluation of nuclear reactor technologies of different maturity levels on economic risk measures

Abstract

Under the terms of Article III.A. and VIII.C. of its Statute, the IAEA is authorized to foster the exchange of scientific and technical information on the peaceful uses of atomic energy. The publications in the IAEA Nuclear Energy Series provide information in the areas of nuclear power, nuclear fuel cycle, radioactive waste management and decommissioning, and on general issues that are relevant to all of the above mentioned areas. The structure of the IAEA Nuclear Energy Series comprises three levels: 1 -Basic Principles and Objectives; 2 -Guides; and 3 -Technical Reports.

Comparative analysis of the investment attractiveness of nuclear power plant concepts based on small and medium sized reactor modules and a large nuclear reactor

“…Therefore, in 1-α cases the amount of loss will be greater than VaR. Thus, it is possible to assert with probability α, that the losses do not exceed the VaR of dollars (Andrianov et al 2017). Figure 7 shows the amount of losses which at the 99% confidence level is not exceeded as a function of a single module power and the probability of the module construction failure which is equal to 0.01%, respectively.…”

“…One of the arguments in favor of the SMR is that the deployment of a nuclear energy system based on them can reduce the risks associated with the loss of capital investment (NEA/OECD 2011, Approaches for Assessing 2013, Andrianov et al 2017). As a measure of the risk of capital investment loss, the concept of Value at Risk (VaR) (Andrianov et al 2017) can be used.…”