Hedging Against Technology Risks of the Accelerator System of a First-of-a-Kind Accelerator-Driven Subcritical Reactor
AbstractDemonstrating the generation of electricity with Accelerator-Driven Subcritical Reactor (ADSR) technology will incur substantial financial risk both from traditional reactor construction uncertainties and new technology uncertainties such as the reliability of the accelerator system. The sensitivity of the economic value of ADSRs to the reliability of the accelerator system is assessed. The economic assessment considers an ADSR with either one or two linear accelerators driving it. The extent to which a second accelerator improves reliability is determined, as are the costs for that improvement. Two Real Options derived flexible designs for the accelerator system are also considered. In one a single accelerator ADSR can be expanded to having two accelerators, in the other an accelerator is constructed and tested before the reactor is constructed. Finally, a phased multiple-reactor park with a single system of multiple integrated accelerators is suggested and discussed.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 1026.
Date of creation: 29 May 2010
Date of revision:
Contact details of provider:
Web page: http://www.econ.cam.ac.uk/index.htm
nuclear power; particle accelerator; reliability; economic value;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-04 (All new papers)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.