Sentence examples for probabilistic risk management from inspiring English sources
Probabilistic risk management approaches have a long tradition in engineering.
In this paper, the major effects of aggressive environments on the seismic response of RC members are analyzed along with a probabilistic risk management procedure.
Many portfolio management processes, such as probabilistic risk management, budgeting, scheduling and resource allocation – can be automated.
Second, we introduce a selection of alternative, so-called "post-probabilistic", risk management methods developed across different scientific fields to cope with uncertainty due to lack of knowledge.
Nominally, probabilistic risk assessment and management has focused on safety and unintentional acts in the chemical and petroleum industry.
A few studies have been carried out so far, emphasizing the need for probabilistic risk assessment and management of structures to disproportionate (or progressive) collapse.
Probabilistic risk assessments are considered key for risk management of low probability and high consequence activities such as offshore oil and gas well drilling.
Her research and that of her Engineering Risk Research Group at Stanford have focused on the inclusion of technical and management factors in probabilistic risk analysis models with applications to the NASA shuttle tiles, offshore oil platforms and medical systems.
Volcanic risk assessment using probabilistic models is increasingly desired for risk management, particularly for loss forecasting, critical infrastructure management, land-use planning and evacuation planning.
Additionally, a shift from deterministic to probabilistic weather warnings would emphasize preparedness in risk management.
Our investigation demonstrated that both approaches—"simulated weather crop index" (WCI) and "burn yield analysis"—could be implemented at the county level in ways that produce the necessary probabilistic risk metrics required for risk underwriting, risk transfer, and risk management.
