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· should be based on financial inflows and outflows (cash flows)
· should reflect “right point of view” (investor, system, bank) – cutting a pie problem
· should reflect full lifetime cycle
· should include all relevant activities
· should respects opportunity cost (“nothing is free of charge”)
· should respect time value of money and adequate level of risk
o “classical” investment tasks: higher risk – higher discount
Result of economic model: cashflow for individual year of project (system) lifetime
BASIC EQUATIONS:
(1.)
(2.)
(3.)
NUCLEAR POWER PLANT – ACCIDENTS
Windscale – GB 8.10.1957, 5 points on scale
· Grafite reactor, military purposes
· Carelessness of reactor stuff – over heating of some fuel cells, ignition of surface from magnesium, fire took 4 days, 8% of fuel melted, app. 1.35 x1016 Bq released to the atmosphere
· Area of 520 km2, drinking of mil prohibited, dose of public near plant – 5-60 mSv
· Minimal attention of public (accident more important than in TMI)
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