A mathematical model has been developed for the linear stability analysis of a system of ventilated parallel boiling channels. This model accounts for subcooled boiling, an arbitrary heat flux distribution, distributed and local hydraulic losses, heated wall dynamics, slip flow, turbulent mixing and arbitrary flow paths for transverse ventilation. The digital computer program MAZDA-NF was written for numerical evaluation of the mathematical model. Comparison of MAZDA-NF results with those obtained form both a closed form analytical solution and experiment, showed good agreement. A parametric study revealed that such phenomena as subcooled boiling, the transverse coupling between channels (due to cross-flow and mixing) and power skewing can have a significant impact on predicted stability margins. An analysis of an advanced BWR fuel, of the ASEA-ATOM SVEA design, has indicated that transverse ventilation may considerably improve channel stability.