Sentence examples for a probability consequence from inspiring English sources

Finally, it proposes a probability consequence diagram with continuous scales; providing, in some instances, an alternative to the risk matrix.

The results demonstrated system degradation cause the end-state probability (consequence occurrences probability) to change dramatically over the ten-year period.

He described the Japanese quake as a "low probability, high consequence" event.

As a consequence, a probability distribution can be obtained that leads directly to the definition of an entropy of the system under consideration (Equation (3) and Equation (4)).

Uncertainty is mostly characterised by absence of information, and credible outcomes cannot be assigned, while risk is a probability calculation of adverse consequences of a decision made.

Bruneau et al. (2003) suggested that a broad conceptualization of resilience should include the ability of a unit to reduce failure probabilities, consequences from failures, and time to recovery.

This relationship illustrates the classic paradigm of a low-probability, high-consequence event.

It is difficult to make a precise assessment on probability and consequence of every fire scenario, but their lower bound and upper bound can be achieved based on statistical data.

Consequently, this practice exhibits the drawback as all the resulting limits are inflexible outcomes, in which there is no mechanism for adjusting the deterministic measures as a function of the probability or consequence of the contingency occurring [1].

To appreciate the challenge we face, it is important to remember that the Sept. 11 terrorist attack was a classic "low-probability, high-consequence" event.

Table 2 Variations of main scenarios with probability and consequence parameters Main scenario Variations consequence impact Scenario specifics Potential consequence Building blocks 1. Climate change a. Positive impact b.