Arndt

The American Nuclear Society’s annual meeting opened on Sunday, June 11, in Indianapolis, Ind., and will run through June 14. The meeting’s theme is “Failure Is Not an Option.”

ANS president Steven Arndt, who ends his yearlong term at the meeting’s end, addressed the audience at the opening plenary on Monday, June 12, noting that nuclear science and technology’s road has been long, but it is up to ANS members and other advocates to push forward the nuclear enterprise’s momentum for a sustainable future.

Before announcing ANS chief executive officer and executive director Craig Piercy to the stage, Arndt thanked the volunteer members, meeting sponsors, and ANS staff, among others, for making ANS meetings happen.

Craig Piercy
cpiercy@ans.org

This month’s issue of Nuclear News focuses on the role of probabilistic methods in assessing and mitigating the risk of adverse events at nuclear plants and facilities. It’s a timely topic as we move to launch a new generation of nuclear technologies, but it is only half of a larger question that is universal to the human condition: Are the rewards of a particular thing worth its attendant risks?

Nuclear engineers use hard technical terms like “probabilistic risk assessment” and “core damage frequency,” but other industries have much more colorful ways of describing the holistic risk-reward construct in their world. In finance, it’s known simply as “alpha.” A zero alpha investment suggests that its returns are commensurate with the associated risks. Negative alphas get pushed to the curb, and “high alpha” deals get Wall Street hedge fund managers their house in the Hamptons.