A new approach for an unitary risk theory
AbstractThe work deals with the risk assessment theory. An unitary risk algorithm is elaborated. The algorithm is based on parallel curves. The basic curve of risk is a hyperbolic curve, obtained as a multiplication between the probability of occurrence of certain event and its impact. Section 1 contains the problem formulation. Section 2 contains some specific notations and the mathematical background of risk algorithm. A numerical application based on risk algorithm is the content of section 3. Section 4 contains several conclusions.
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Bibliographic InfoPaper provided by arXiv.org in its series Papers with number 1303.1672.
Date of creation: Mar 2013
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Publication status: Published in Proc. of the WSEAS Int. Conf. on Signal Processing, Computational Geometry and Artificial Vision, Athena, Grece, aug. 2007, pp. 218-222, ISSN 1790-5117, ISBN 978-960-8457-97-3
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Web page: http://arxiv.org/
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-09 (All new papers)
- NEP-RMG-2013-03-09 (Risk Management)
- NEP-UPT-2013-03-09 (Utility Models & Prospect Theory)
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