Probabilistic Safety Assessments (PSA), which was introduced in the 1970s as complement to deterministic safety analysis methods, is a well-established tool that supports design and safety assessment ...

Dynamic Probabilistic Risk Assessment (DPRA) represents a significant evolution in the evaluation of nuclear power plant safety, integrating time-dependent models of system evolution with stochastic ...

Earthquakes, hurricanes, floods and other disasters are natural phenomena, but they include a social dimension as they also affect the poorest or least prepared communities. Recent events such as the ...

By Rhett Ayers Butler [( Britain’s national security thinking has traditionally been shaped by familiar concerns: hostile ...

The Nuclear Regulatory Commission (NRC) should examine the benefits of mandating that nuclear plants in the U.S. add probabilistic risk assessment (PRA) to methods used to evaluate and prepare for ...

It’s estimated that human adults make about 35,000 decisions a day — the percentage of good decisions depends on the adult. These choices can be as banal as deciding to roll or crumple toilet paper or ...

What Are Risk-Neutral Probabilities? Risk-neutral probabilities are probabilities of potential future outcomes adjusted for risk, which are then used to compute expected asset values. In other words, ...

This study investigates the potential of probabilistic classification to enhance credit-scoring accuracy, with a focus on model validation through reliability thresholds. By quantifying prediction ...