Use the recovered uranium inventory, rather than the initial fuel mass, as the recycle feed. Its available mass is
Assuming the same enrichment tails assay and the specified higher recycled-fuel assay, the isotopic mass balance gives
Treat this fuel as replacing the same heavy-metal mass of ordinary fresh fuel: the stipulated higher uranium-235 content compensates for uranium-236. The displaced natural feed is
about 12.63% of the once-through natural-uranium requirement. The residual natural feed demand is .
For separative work accounting define
Using kilograms in this expression gives kg-SWU. For ordinary fresh fuel the work per product kilogram is
The fresh work avoided by substituting is , but producing that recycled product still requires
Hence the net saving is
The work saving is only about 0.786% of the original annual separative work. Crediting the whole avoided fresh-fuel work without charging the recycle work would substantially overstate the saving. This is an annual resource account at the supplied assays, with no isotope-separation equipment model.

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