FCCM is a detailed nuclear fuel cycle costing model, providing stochastic Net Present Value evaluation of different fuel cycle options. It provides a detailed view on fuel cycle cost evolution over time, as a function of time-evolving material and service costs, as well as showing the impacts of both techno-economic and socio-political uncertainties.
The Fuel Cycle Costing Model is a stochastic NPV analysis model, providing in-depth costing analysis of the entire nuclear fuel cycle, from uranium and thorium mining until final disposal of radioactive waste. It is fully parametric and used in association with a cost database, though users may apply their own proprietary input data for analysis. Stochasticity parameters are selected based on historic data and expert judgement-based projections of material and service costings, including uncertainties on timing of fuel cycle operations.
Selected example fuel cycle options which have been studied within FCCM are:
FCCM also provides input to our more advanced financial cost/risk model, NROM (Nuclear Real Options Model).