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The increasing use of results from probabilistic risk assessments in the decision-making process makes it ever more important to eliminate simplifications in probabilistic models that might lead to conservative results. One area in which conservative simplifications are often made is modeling...
Persistent link: https://www.econbiz.de/10009435480
probability, with confidence interval, of the time that a prescribed degradation level is exceeded is shown to be practical, as … demonstrated in the analysis of irradiated fuel cladding. The methodology for the estimation of the probability is predicated on …
Persistent link: https://www.econbiz.de/10009435687
) that achieves the lowest total project cost for a given probability of success while meeting technical performance and … not just individual risks. The efficient RRA set is determined based on ''Outcome Cost Vs Probability of Success''. The … risks and RRAs are characterized using scenarios, decision trees, and cumulative probability distributions. The analysis …
Persistent link: https://www.econbiz.de/10009435988
certain probability distribution function (PDF). Upon many realizations of the model, one can get reliable information about …
Persistent link: https://www.econbiz.de/10009436136
map plots the relative preference of alternative risk-mitigation options versus the annual probability of an undesired …
Persistent link: https://www.econbiz.de/10009436235
(in the absence of threatened violation detection). Blue's uncertainty is modeled as a probability distribution over three …
Persistent link: https://www.econbiz.de/10009436809
Recent psychological research has investigated how people assess the probability of an indicative conditional. Most … people give the conditional probability of q given p as the probability of if p then q. Asking about the probability of an …
Persistent link: https://www.econbiz.de/10009458992
A procedure is proposed for examining different aspects of performance for judgemental directional probability … the existing accuracy measures, enabling detailed comparisons of probability forecasts with ex-post empirical … directional probability exchange rate forecasts for the US Dollar/Swiss Franc from 23/7/96 to 7/12/99 and the findings are …
Persistent link: https://www.econbiz.de/10009435350
models over three time horizons on a task involving probabilistic forecasts of exchange rate movements. Probability …
Persistent link: https://www.econbiz.de/10009435351
then uses an event tree to develop a set of compromise paths. Probability models are developed for each of the compromise … paths that user parameters based on expert judgment or historical data on security violations. The resulting probability …. Application of the methodology is demonstrated using a national security example. A set of compromise paths and probability models …
Persistent link: https://www.econbiz.de/10009435395