Risk and uncertainty are rarely evaluated as an integral part of the planning process. An array of risks—from hydrocarbon potential and operating characteristics, to political or market factors—can ...

The design and construction of capital projects can be extremely complex. Uncertainty and risk add to this complexity and, as a result, many projects experience significant cost overruns and schedule ...

Although probabilistic risk analysis methods, a component of project risk management, have been regularly available to designer and construction practitioners since the early 1990s, their use is not ...

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 ...

Learn to address the likelihood of structural failure. Perform risk analysis associated with environmental loads to structures under static and dynamic loadings. Master the basics of performance-based ...

A DARPA-funded processor start-up has made bold claims about a new kind of processor that computes using probabilities, rather than the traditional ones and zeroes of conventional processors. Lyric ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...