On the Optimal Lifetime of Nuclear Power Plants
AbstractThe authors present an empirical model of optimal operation of nuclear power plants. The optimal lifetime is the solution to an optimal stopping problem: the plant is closed when the expected discounted losses from continued operation exceed the discounted costs of decommissioning. The authors forecast the evolution of the nuclear power industry under the current regime of forty-year operating licenses and for a policy allowing twenty-year license extensions. They conclude that the extension would double the expected discounted value of U.S. nuclear power plants and double the undiscounted electrical power output of the U.S. nuclear industry over its remaining lifetime.
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Bibliographic InfoArticle provided by American Statistical Association in its journal Journal of Business and Economic Statistics.
Volume (Year): 15 (1997)
Issue (Month): 2 (April)
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Web page: http://www.amstat.org/publications/jbes/index.cfm?fuseaction=main
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- नाभिकीय ऊर्जा in Wikipedia (Hindi)
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