Author:Khuluse, SDate:Apr 2009Risk analysis and decision analysis frameworks provide an array of tools to aid the decision making process. This presentation provides an overview of Probabilistic Risk Analysis (PRA), which involves (i) estimation of probabilities, (ii) ...Read more
Author:Khuluse, S; Das, Sonali; Debba, Pravesh; Elphinstone, CDate:Apr 2009When events occur outside the range of acceptable fluctuations, they may result in either (a) the events being more favourable than usual, or (b) the events being less favourable than usual. The latter has serious implications if their ...Read more