Risk and uncertainty are rarely evaluated as an integral part of the planning process. An array of risks—from hydrocarbon potential and operating characteristics, to political or market factors—can ...
Probabilistic modeling of verbal autopsy data is best for public health decision making, study finds
Computer-based probabilistic models that are used to interpret verbal autopsy data -- information from interviews with family, friends and carers about deaths that are later interpreted into possible ...
The gambler, the quantum physicist and the juror all reason about probabilities: the probability of winning, of a radioactive atom decaying, of a defendant’s guilt. But despite their ubiquity, experts ...
The design and construction of capital projects can be extremely complex. Uncertainty and risk add to this complexity and, as a result, many projects experience significant cost overruns and schedule ...
Long before statistical whiz Nate Silver predicted the outcome of the 2012 presidential election and "Moneyball" became a household word, structural engineers employed the Monte Carlo method of ...
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