Cost-benefit considerations in regulatory analysis

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Description

Justification for safety enhancements at nuclear facilities, e.g., a compulsory backfit to nuclear power plants, requires a value-impact analysis of the increase in overall public protection versus the cost of implementation. It has been customary to assess the benefits in terms of radiation dose to the public averted by the introduction of the safety enhancement. Comparison of such benefits with the costs of the enhancement then requires an estimate of the monetary value of averted dose (dollars/person rem). This report reviews available information on a variety of factors that affect this valuation and assesses the continuing validity of the figure ... continued below

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130 p.

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Mubayi, V.; Sailor, V. & Anandalingam, G. October 1995.

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This report is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this report can be viewed below.

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Description

Justification for safety enhancements at nuclear facilities, e.g., a compulsory backfit to nuclear power plants, requires a value-impact analysis of the increase in overall public protection versus the cost of implementation. It has been customary to assess the benefits in terms of radiation dose to the public averted by the introduction of the safety enhancement. Comparison of such benefits with the costs of the enhancement then requires an estimate of the monetary value of averted dose (dollars/person rem). This report reviews available information on a variety of factors that affect this valuation and assesses the continuing validity of the figure of $1000/person-rem averted, which has been widely used as a guideline in performing value-impact analyses. Factors that bear on this valuation include the health risks of radiation doses, especially the higher risk estimates of the BEIR V committee, recent calculations of doses and offsite costs by consequence codes for hypothesized severe accidents at U.S. nuclear power plants under the NUREG-1150 program, and recent information on the economic consequences of the Chernobyl accident in the Soviet Union and estimates of risk avoidance based on the willingness-to-pay criterion. The report analyzes these factors and presents results on the dollars/person-rem ratio arising from different assumptions on the values of these factors.

Physical Description

130 p.

Notes

INIS; OSTI as TI96002234

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  • Other Information: PBD: Oct 1995

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  • Other: TI96002234
  • Report No.: NUREG/CR--6349
  • Grant Number: AC02-76CH00016
  • DOI: 10.2172/130636 | External Link
  • Office of Scientific & Technical Information Report Number: 130636
  • Archival Resource Key: ark:/67531/metadc624863

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  • October 1995

Added to The UNT Digital Library

  • June 16, 2015, 7:43 a.m.

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  • April 7, 2016, 8:49 p.m.

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Mubayi, V.; Sailor, V. & Anandalingam, G. Cost-benefit considerations in regulatory analysis, report, October 1995; Upton, New York. (digital.library.unt.edu/ark:/67531/metadc624863/: accessed September 22, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.