Market-Based and System-Wide Fuel Cycle Optimization

doi:10.2172/1363866

Title: Market-Based and System-Wide Fuel Cycle Optimization

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Abstract

This work introduces automated optimization into fuel cycle simulations in the Cyclus platform. This includes system-level optimizations, seeking a deployment plan that optimizes the performance over the entire transition, and market-level optimization, seeking an optimal set of material trades at each time step. These concepts were introduced in a way that preserves the flexibility of the Cyclus fuel cycle framework, one of its most important design principles.

Authors:

Wilson, Paul Philip Hood ^[1]; Scopatz, Anthony ^[2]; Gidden, Matthew ^[1]; Carlsen, Robert ^[1]; Mouginot, Baptiste ^[1]; Flanagan, Robert ^[2]

Univ. of Wisconsin, Madison, WI (United States)
Univ. of South Carolina, Columbia, SC (United States)

Publication Date:: Tue Jun 13 00:00:00 EDT 2017

Research Org.:: Univ. of Wisconsin, Madison, WI (United States)

Sponsoring Org.:: USDOE Office of Nuclear Energy (NE), Fuel Cycle Technologies (NE-5)

OSTI Identifier:: 1363866

Report Number(s):: DOE-UW-0000673
TRN: US1702292

DOE Contract Number:: NE0000673

Resource Type:: Technical Report

Country of Publication:: United States

Language:: English

Subject:: 11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS; 97 MATHEMATICS AND COMPUTING; FUEL CYCLE; OPTIMIZATION; FUELS; MARKET; TRADE; nuclear fuel cycles; optimization; agent-based simulation

Citation Formats


                    Wilson, Paul Philip Hood, Scopatz, Anthony, Gidden, Matthew, Carlsen, Robert, Mouginot, Baptiste, and Flanagan, Robert. Market-Based and System-Wide Fuel Cycle Optimization.  United States: N. p., 2017. 
        Web.  doi:10.2172/1363866.

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                    Wilson, Paul Philip Hood, Scopatz, Anthony, Gidden, Matthew, Carlsen, Robert, Mouginot, Baptiste, & Flanagan, Robert. Market-Based and System-Wide Fuel Cycle Optimization.  United States.  doi:10.2172/1363866.

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                    Wilson, Paul Philip Hood, Scopatz, Anthony, Gidden, Matthew, Carlsen, Robert, Mouginot, Baptiste, and Flanagan, Robert. Tue .  
        "Market-Based and System-Wide Fuel Cycle Optimization".  United States.  
        doi:10.2172/1363866.  https://www.osti.gov/servlets/purl/1363866.

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@article{osti_1363866,

  title        = {Market-Based and System-Wide Fuel Cycle Optimization},

  author       = {Wilson, Paul Philip Hood and Scopatz, Anthony and Gidden, Matthew and Carlsen, Robert and Mouginot, Baptiste and Flanagan, Robert},

  abstractNote = {This work introduces automated optimization into fuel cycle simulations in the Cyclus platform. This includes system-level optimizations, seeking a deployment plan that optimizes the performance over the entire transition, and market-level optimization, seeking an optimal set of material trades at each time step. These concepts were introduced in a way that preserves the flexibility of the Cyclus fuel cycle framework, one of its most important design principles.},

  doi          = {10.2172/1363866},

  journal      = {},

  number       = ,

  volume       = ,

  place        = {United States},

  year         = {Tue Jun 13 00:00:00 EDT 2017},

  month        = {Tue Jun 13 00:00:00 EDT 2017}

}

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DOI: 10.2172/1363866

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Market-Based and System-Wide Fuel Cycle Optimization

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The Dynamic Resource Exchange (DRE) gives agency to consumer facilities to determine the preference of any particular trade that is offered by suppliers to satisfy its requests. This provides a natural balance of power in the relationship between consumers and suppliers. However, in situations in which suppliers have flexibility surrounding the way that they respond to individual requests, they have no mechanism to assess how different bids will be received by the consumer. Theoretically, a supplier can offer multiple bids to respond to a given request in an attempt to “cover their bases”, but this introduces more arcs into themore »« less
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