Usage of "economic cross" method in calculations of nuclear fuel demands for the development of nuclear energetics. Tsvetnye Metally Issue 9, 2013, Pages 18-26

This article offers a complex of methods of definition of economically efficient distribution of value added among participants of nuclear energy production within the "economic cross" model. The value added is obtained as a result of introduction of innovation technology. There is also offered a procedure of usage of methods of calculation and discounting of cash flows, illustrated by the example of economic relationship between suppliers and consumers of nuclear fuel, concerning the procurement of innovative types of nuclear fuel. There are defined the parameters of financial indices discounting with time difference of investment costs in various stages of life cycle of nuclear energy resources. There are proposed the formulas for calculation of investments efficiency in the development of nuclear fuel cycle. There are carried out the estimations of efficiency of usage of innovation types of nuclear fuel with the supplies to traditional nuclear power plants. There is described an approach to estimations of innovation improvements in the time of intersection of life cycles of nuclear energy and nuclear power. During the economic assessments of discounting, it is possible to use the rate, recommended by the Central Bank of the Russian Federation. It is the most difficult to forecast such indices. However, this problem can be solved by the usage of hedging items method in a particular form. For the purpose of reduction of volatility of the price of nuclear materials and equipment (which must be purchased and then utilized on the entire term of the facility operation), it is offered to operate not with specific energy prices, attached to the present time and discounted in time, but with the futures prices of assets, which price dynamics is strongly correlated with investors interest prices. In order to avoid the possible losses from sharp price fluctuations, it is offered to hedge the investments by investments in products, which price dynamics is inversely correlated with the investors interest indices.
Author keywords

Discount rate; Economic values; Innovation nuclear fuel; Nuclear energetics; Value added