Thesis-1998-Johnson.pdf (4.6 MB)
Download fileRepresentations of uncertainty in risk analysis
thesis
posted on 2018-02-22, 11:08 authored by David G. JohnsonUncertainty in situations involving risk is frequently modelled by assuming a plausible form
of probability distribution for the uncertain quantities involved, and estimating the relevant
parameters of that distribution based on the knowledge and judgement of informed experts or
decision makers. The distributions assumed are usually uni-modal (and often bell-shaped)
around some most likely value, with the Normal, Beta, Gamma and Triangular distributions
being popular choices. [Continues.]
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- Business and Economics
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- Business