Artikel mit dem Tag "decision"

In defense of risk heat maps - a quantitative interpretation
05. Juli 2021
The "raison d'être" of a comprehensive quantitative analysis using the Monte Carlo approach is an objectively justifiable recommendation for a decision, taking into account uncertainty. For those decision driven people, which still have to use "heat maps" to communicate threats, MC FLO offers an equivalent instrument - the conditional risk matrix.

15. November 2019
We show that subtraction under uncertainty should be used with caution, as neither addition nor subtraction under uncertainty is unambiguous.

16. Februar 2019
In the following we underpin the essence of Monte-Carlo simulations. Based on the Monty Hall problem it is shown that simulations have to be understood as a decision-making tool.