Risk and cost analysis of utilizing FLEX equipment during online maintenance in nuclear power plants

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Economic or financial causes have led to closure or pending early retirement of several US nuclear reactors in the last five years. The published report “Economic and Market Challenges Facing the US Nuclear Commercial Fleet - Cost and Revenue Study” by Idaho National Laboratory (INL) identified 63 of the 79 studied nuclear power plants (NPP) lost money in the year 2016. The revenue-gap analysis (Figure 1) performed in the study also concluded that additional revenue is required to return most of these nuclear power units to profitable operations [1]. This can be achieved by reducing the operation and maintenance (O&M) costs that account for about 70% of the total operating expenditures for an NPP (Figure 2). There are many ways of reducing O&M costs; this work presents an innovative framework of reducing O&M costs by utilizing the onsite FLEX equipment at NPPs.

Original languageEnglish
Title of host publication11th Nuclear Plant Instrumentation, Control, and Human-Machine Interface Technologies, NPIC and HMIT 2019
PublisherAmerican Nuclear Society
Pages24-38
Number of pages15
ISBN (Electronic)9780894487835
StatePublished - 2019
Event11th Nuclear Plant Instrumentation, Control, and Human-Machine Interface Technologies, NPIC and HMIT 2019 - Orlando, United States
Duration: Feb 9 2019Feb 14 2019

Publication series

Name11th Nuclear Plant Instrumentation, Control, and Human-Machine Interface Technologies, NPIC and HMIT 2019

Conference

Conference11th Nuclear Plant Instrumentation, Control, and Human-Machine Interface Technologies, NPIC and HMIT 2019
Country/TerritoryUnited States
CityOrlando
Period02/9/1902/14/19

Keywords

  • FLEX
  • O&M cost reduction
  • PRA

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