Search results with tag "Aleatory"
5 Aleatory Variability and Epistemic Uncertainty
www.ce.memphis.eduAleatory variability and epistemic uncertainty are terms used in seismic hazard analysis that are not commonly used in other fields, but the concepts are well known. Aleatory variability is the natural randomness in a process.
V6.Ch.1- Basics of Insurance
www.mikerussonline.comUncertainty as to the outcome of an event when two or more possibilities exist. 2) A person or thing insured. There are two specific types of risk that are necessary to ... Aleatory Contract. A contract in which the number of dollars to be given up by each party is not equal. Insurance contracts are of this type, as the policyholder pays a ...
DIGITAL TWIN: DEFINITION & VALUE - AIAA
www.aiaa.orgknowledge (epistemic uncertainty) or due to inherent, irreducible chance (aleatory uncertainty). Digital Twins of components and subsystems can be developed in concert with physical prototypes to increase valuable knowledge about their performance, reducing the number of physical prototypes required and helping to improve future
3. Landslide Hazard and Risk Assessment
www.unisdr.orgSoils, rocks and other geomaterials exhibit significant spatial variability (aleatory uncertainty) and their properties often change markedly over small distances. Many non-local scale landslide hazard assessment models are empirical and should be calibrated/validated with regional and/or national database(s) of previous landslide events.