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[[terms:uncertainty_assessment_risk]]

Uncertainty Assessment (Risk)

the process of combining uncertainties, as with a Monte Carlo Simulation, to generate output parameters that are represented by probability distributions. No involvement of risk is implied. Example: multiplying ranges of length and width to arrive at a range of resulting areas.

 
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terms/uncertainty_assessment_risk.txt · Last modified: 2011/07/26 09:21 (external edit)