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Economic model of given System (project) – main rules for creation

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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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