DISPOSALSITE, Low-Level Radioactive Waste Storage Cost Analysis

1 - Description of program or function: The Disposal Site Economic Model calculates the average generator price, or average price per cubic foot charged by a disposal facility to a waste generator, one measure of comparing the economic attractiveness of different waste disposal site and disposal technology combinations. The generator price is calculated to recover all costs necessary to develop, construct, operate, close, and care for a site through the end of the institutional care period and to provide the necessary financial returns to the site developer and lender (when used). Six alternative disposal technologies, based on either private or public financing, can be considered - shallow land disposal, intermediate depth disposal, above or below ground vaults, modular concrete canister disposal, and earth mounded concrete bunkers - based on either private or public development. 2 - Method of solution: The economic models incorporate default cost data from the Conceptual Design Report (DOE/LLW-60T, June 1987), a study by Rodgers Associated Engineering Corporation. Because all costs are in constant 1986 dollars, the figures must be modified to account for inflation. Interest during construction is either capitalized for the private developer or rolled into the loan for the public developer. All capital costs during construction are depreciated over the operating life of the site using straight-line depreciation for the private sector. 3 - Restrictions on the complexity of the problem - Maxima of: 100 years post-operating period, 30 years operating period, 15 years pre-operating period. The model should be used with caution outside the range of 1.8 to 10.5 million cubic feet of total volume. Depreciation is not recognized with public development