Patent ID: 6772128
Filing Date: 2004-08-03
Classification: G06Q,Y04S

Abstract:
A method for determining a premium of an insurance policy for decommissioning a nuclear power facility, comprising the steps of:(a) determining a plurality of scenarios, wherein each scenario is based on said decommissioning starting on a different time schedule, and wherein each scenario has a monetary sum; (b) determining a net present value (NPV) of expected decommissioning expenses for each said scenario; (c) determining a risk transfer element for each said scenario, said risk transfer element being an NPV of unexpected expenses multiplied by a probability of actual occurrence; (d) determining insurer expenses for each said scenario, said insurer expenses being an NPV of expected expenses incurred by an insurer of said facility; (e) adding the monetary value of steps (b), (c), and (d), for each scenario, to calculate said monetary sum of each said scenario; and (f) adjusting said monetary sum of each said scenario, so that each said monetary sum is substantially equal, wherein said premium of said insurance policy is based on the adjusted sum and wherein at least one of steps (a)-(f) is performed with a computer.