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Division Spotlight
Fusion Energy
This division promotes the development and timely introduction of fusion energy as a sustainable energy source with favorable economic, environmental, and safety attributes. The division cooperates with other organizations on common issues of multidisciplinary fusion science and technology, conducts professional meetings, and disseminates technical information in support of these goals. Members focus on the assessment and resolution of critical developmental issues for practical fusion energy applications.
Meeting Spotlight
Utility Working Conference and Vendor Technology Expo (UWC 2024)
August 4–7, 2024
Marco Island, FL|JW Marriott Marco Island
Standards Program
The Standards Committee is responsible for the development and maintenance of voluntary consensus standards that address the design, analysis, and operation of components, systems, and facilities related to the application of nuclear science and technology. Find out What’s New, check out the Standards Store, or Get Involved today!
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BWXT will scout potential TRISO fuel production sites in Wyoming
BWX Technologies Inc. announced today that its Advanced Technologies subsidiary has signed a cooperation agreement with the state of Wyoming to evaluate locations and requirements for siting a potential new TRISO nuclear fuel fabrication facility in the state.
S. Garribba, A. Ovi
Nuclear Technology | Volume 34 | Number 1 | June 1977 | Pages 18-37
Technical Paper | Reactor | doi.org/10.13182/NT77-A31826
Articles are hosted by Taylor and Francis Online.
A statistical formulation of utility theory is developed for decision problems concerned with the choice among alternative strategies in electric energy production. Four alternatives are considered: nuclear power, fossil power, solar energy, and conservation policy. Attention is focused on a Public Electric Utility thought of as a rational decision-maker. A framework for decisions is then suggested where the admissible strategies and their possible consequences represent the information available to the decision-maker. Once the objectives of the decision process are assessed, consequences can be quantified in terms of measures of effectiveness. Maximum expected utility is the criterion of choice among alternatives. Steps toward expected values are the evaluation of the multidimensional utility function and the assessment of subjective probabilities for consequences. In this respect, the multiplicative form of the utility function seems less restrictive than the additive form and almost as manageable to implement. Probabilities are expressed through subjective marginal probability density functions given at a discrete number of points. The final stage of the decision model is to establish the value of each strategy. To this scope, expected utilities are computed and scaled. The result is that nuclear power offers the best alternative.