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The Bayesian theory updates failure probability and consequence occurrence probability when a new observation arrives.
Table 2 illustrates prior probabilities of consequence occurrence.
Table 9 illustrates posterior probabilities of consequence occurrence in year ten.
Thus, updated failure probabilities uncover the consequence occurrence probabilities, which were updated using event tree analysis.
Model validation was based on three main phases comprised of safety barriers analyses and evaluation, model prediction and updating and consequence occurrence probability updating.
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The results demonstrated system degradation cause the end-state probability (consequence occurrences probability) to change dramatically over the ten-year period.
As a consequence, occurrences recorded in small relict patches were not included in the rainforest dataset but they did contribute in identifying the range of species tolerance with respect to substrate, elevation and rainfall.
In real world, both the probability and the consequence of an event occurrence are difficult to quantify.
These worries can cause you to obsess so much on these low-probability, low-consequence occurrences that they interfere with your worrying about high-probability, high consequence concerns and prevent you from enjoying your life.
As a consequence, the occurrence of a fracture at the pin insertion site should always be considered.
As its first consequence, the occurrence of even one massive oil spill should put in perspective the many modest social inconveniences that all too often are the focal point for major environmental smack-downs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com