A 200-MW(electric) simplified boiling water reactor (SBWR) was designed and analyzed under sponsorship of the U.S. Department of Energy Nuclear Energy Research Initiative program. The compact size of a 200-MW(electric) reactor makes it attractive for countries with a less well developed engineering infrastructure, as well as for developed countries seeking to tailor generation capacity more closely to the growth of their electricity demand. The 200-MW(electric) core design reported here is based on the 600-MW(electric) General Electric SBWR core, which was first analyzed in the work performed here in order to qualify the computer codes used in the analysis. Cross sections for the 8 × 8 fuel assembly design were generated with the HELIOS lattice physics code, and core simulation was performed with the U.S. Nuclear Regulatory Commission codes RELAP5/PARCS. In order to predict the critical heat flux, the Hench-Gillis correlation was implemented in the RELAP5 code. An equilibrium cycle was designed for the 200-MW(electric) core, which provided a cycle length of more than 2 yr and satisfied the minimum critical power ratio throughout the core life.