LWR risk management by safety R and D

This paper presents a methodology which has been developed for selecting LWR safety RandD projects. The methodology provides ranking of the RandD projects and the RandD budget allocation which minimizes public risk. The methodology contains procedures to identify institutional, organizational, legal, and contractual factors which affect the probabilities of success and use of RandD projects so that these factors can be evaluated and possibly managed.The methodology also contains a nonlinear optimization code to provide the optimum selection of RandD projects and evaluate the sensitivity of this selection to uncertainity in the input data. Application of the methodology to a test case has shown that: 1) commonly used schemes for ranking RandD projects do not necessarily lead to the optimum selection, and 2) the optimum selection is not necessarily strongly sensitive to uncertainty in the input data