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http://dx.doi.org/10.1016/j.net.2015.07.002

ASSESSMENT OF ACTIVITY-BASED PYROPROCESS COSTS FOR AN ENGINEERING-SCALE FACILITY IN KOREA  

KIM, SUNGKI (Nuclear Fuel Cycle Analysis Department, Korea Atomic Energy Research Institute)
KO, WONIL (Nuclear Fuel Cycle Analysis Department, Korea Atomic Energy Research Institute)
BANG, SUNGSIG (Department of Business and Technology Management, Korea Advanced Institute of Science and Technology)
Publication Information
Nuclear Engineering and Technology / v.47, no.7, 2015 , pp. 849-858 More about this Journal
Abstract
This study set the pyroprocess facility at an engineering scale as a cost object, and presented the cost consumed during the unit processes of the pyroprocess. For the cost calculation, the activity based costing (ABC) method was used instead of the engineering cost estimation method, which calculates the cost based on the conceptual design of the pyroprocess facility. The calculation results demonstrate that the pyroprocess facility's unit process cost is $194/kgHM for pretreatment, $298/kgHM for electrochemical reduction, $226/kgHM for electrorefining, and $299/kgHM for electrowinning. An analysis demonstrated that the share of each unit process cost among the total pyroprocess cost is as follows: 19% for pretreatment, 29% for electrochemical reduction, 22% for electrorefining, and 30% for electrowinning. The total unit cost of the pyroprocess was calculated at $1,017/kgHM. In the end, electrochemical reduction and the electrowinning process took up most of the cost, and the individual costs for these two processes was found to be similar. This is because significant raw material cost is required for the electrochemical reduction process, which uses platinum as an anode electrode. In addition, significant raw material costs are required, such as for $Li_3PO_4$, which is used a lot during the salt purification process.
Keywords
Activity based costing; Cost allocation ratio; Cost driver; Engineering scale; Indirect manufacturing cost; Pyroprocess facility; Unit process cost;
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Times Cited By KSCI : 1  (Citation Analysis)
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