This document summarizes an economic model of nuclear reprocessing using the simulation software Vensim. The model evaluates the costs of the nuclear fuel cycle with and without reprocessing over the next 100 years. Preliminary results show that while reprocessing is currently expensive, it could help offset the large costs of constructing multiple nuclear waste repositories by reducing nuclear waste volumes. The model accounts for factors like the construction and decommissioning of nuclear power plants, mass flows within the fuel cycle, and the introduction of mixed-oxide fuel reactors over time.