A statistical cost analysis of the licensing time, construction time, and capital cost of light water reactor (LWR) power plants. Use of econometric techniques allows the major cost-driving variables to be identified through multivariate analysis of time series data on over 50 U.S. nuclear power plants. The analysis provides a clearer picture than does engineering cost estimates of the dynamic changes that have occurred in the cost of power plants. A tool is described that can be used to project LWR costs.
This report is part of the RAND Corporation paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.