Exact(12)
VAR is a statistical criterion presenting quantitatively the maximum probable portfolio loss incurred during a definite period [5].
This paper presents a comparison between detailed nonlinear dynamic analysis and a simplified frequency domain approach to estimate the maximum probable response of weakly nonlinear cable roofs.
Accuracy α is defined as α=1−ε/ε max where ε is the absolute error and ε max is the maximum probable absolute error.
To achieve this goal, it is needed to calculate the maximum probable heat losses from the glass micromodel as was described in the previous section.
The maximum probable absolute error is the maximum possible absolute difference that the actual aggregate and the computed aggregate can have.
The maximum probable (45%) range of time of occurrence of peak value for both vertical E × B drift velocity and ΔH during the daytime hours were found to be the same, i.e., 10 00 12 00 LT.
Similar(48)
These values are used to calculate the minimum and maximum probable human losses.
Applications to pitting corrosion of mild steel has led to new interpretations of pit data and new interpretations for the probability distributions associated with maximum probable pit depth.
The Federal Aviation Administration FAAA) demands insurance sufficient to cover its calculation of a maximum probable loss, averaging around $100m per launch.
In terms of indicators for risk assessment and monitoring, the private sector has been developing industry standards on risk assessment and financing for decades including metrics such as Annual Average Loss and Maximum Probable Loss, but these metrics are not widespread in the public sphere.
Using the experience gained in the reinsurance industry, it calls on public and private institutions to undergo stress tests, which would include reporting their maximum probable annual losses due to extreme events, against their current assets and operations.
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