Economic Strategy for Developing Nuclear Breeder Reactors

Cover Economic Strategy for Developing Nuclear Breeder Reactors
Economic Strategy for Developing Nuclear Breeder Reactors
Paul W Macavoy
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This derived relation fits better than that for the nine observations of the BWR, while it is no worse a fit than that for the PWR, so that there is some net gain 2k from putting the two sets of observations together. This summary view shows diminishing returns to research expenditure, since the average movement towards the target was only 73 per cent of the annual additions to expenditures (that is, 3 log R/9 log E = . 73l)» Even the successful projects experienced declining relative results s...oon after the experimental mock-ups were completed.
Lessons for Strategy The success achieved in the two water reactor projects, and the contrast- ing lapses experienced in four other projects, would seem to be the source of two important pieces of practical wisdom. The first has to do with deciding on the numbers of research projects, when the important consideration is the total amount of research expenditure, and it prejudices the case towards more projects rather than less. The second is pertinent to the same decision, but on another aspect: attaining the greatest possible spread of benefits from nuclear research to the consumers of electricity.


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