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Physical Sciences and Mathematics
Public Policy and Leadership Faculty Publications
Cost effectiveness; Nevada – Nevada Test Site; Radioactive waste disposal – Costs; Radioactive waste sites; Radioactive wastes – Management – Costs
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Full-Text Articles in Business
Perspectives On Radioactive Waste Disposal: A Consideration Of Economic Efficiency And Intergenerational Equity, Helen R. Neill, Robert H. Neill
Perspectives On Radioactive Waste Disposal: A Consideration Of Economic Efficiency And Intergenerational Equity, Helen R. Neill, Robert H. Neill
Public Policy and Leadership Faculty Publications
There are both internal and external pressures on the U.S. Department of Energy to reduce the estimated costs of isolating radioactive waste, $19 billion for transuranic waste at Waste Isolation Pilot Plant (WIPP) and $57 billion for high level waste at Yucca Mountain. The question arises whether economic analyses would add to the decision-making process to reduce costs yet maintain the same level of radiological protection. This paper examines the advantages and disadvantages of using cost-benefit analysis (CBA), a tool used to measure economic efficiency as an input for these decisions. Using a comparative research approach, we find that CBA …