In Pressurized Water Reactors, burnable absorbers are implemented for controlling the excess reactivity and avoiding the high power peaking factor. A feasibility study was carried out for investigating the effect of enriched gadolinium (157Gd2O3), natural gadolinium (152 - 160Gd2O3) and Zirconium-Erbium (ZrEr2) as burnable absorbers on the safety parameters of advanced PWR assembly. Three poisoned assemblies are modeled and simulated by the well-known MCNPX code. To hold a fair comparison between these assemblies, the author adjusted the concentration of fissile materials and burnable absorbers in each assembly to provide approximately the same initial reactivity. The MCNPX simulation showed that the enriched gadolinium model achieved a number of advantages over Zirconium-Erbium as: 1) prolonging the fuel cycle length by 1.04%, 2) increasing the negativity of moderator temperature coefficient and fuel temperature coefficient by 10.3% and 9.3% at the BOL and this contributes to core safety, 3) minimizing residual reactivity penalty at the higher burnup steps and 4) more hardening of neutron spectrum at the BOL. On the other hand, the Zirconium – Erbium layer presented a number of benefits over enriched gadolinium as 1) reducing the peaking factor by 1.3%, 2.6% and 2% at 20, 30 and 50 GWd/ton, 2) increasing the reactivity worth by 1.6% at the BOL, 3) increasing the power flattening by 7.6% at the EOL, and this is considered an enormous economic benefit. Therefore, the modeling of enriched gadolinium and zirconium erbium in this study is suggested for improving the neutronic and safety parameters of PWR cores.