The Assessment of Nuclear Energy Costs Using a Fuzzy Approach

Abstract:     
The aim of this paper is to develop an approach based on fuzzy-sets to handle the uncertainty of nuclear power costs. The underlying aim is to appraise the economic advantages of nuclear power compared with other traditional energy sources, namely coal and natural gas. Having illustrated the general state of the art of nuclear power in terms of production, installed power and economics, a more detailed evaluation follows to select the most important economic and financial parameters involved in calculating the industrial cost (overnight cost, O&M, fuel, etc.) to then build the fuzzy functions and process them using the fuzzy TOPSIS method.

Number of Pages in PDF File: 13

Keywords: fuzzy-set, nuclear energy, costs assessment

JEL Classification: Q4, C4, D24

working papers series