[en] The U.S. reprocessing decision is examined in this thesis. Decision analysis is applied to develop a rational framework for the assessment of policy alternatives. Benefits and costs for each alternative are evaluated and compared in dollar terms to determine the optimal decision. A fuel cycle simulation model is constructed to assess the economic value of reprocessing light water reactor (LWR) spent fuel and recycling plutonium. In addition, a dynamic fuel substitution model is used to estimate the economic effects of the reprocessing decision's influence on the introduction date of the liquid metal fast breeder reactor (LMFBR). Risks estimated in dollar terms for comparison with the economic values include those related to health, the environment and safety, nuclear theft and sabotage, and nuclear proliferation