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 ...

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 ...

A comprehensive guide and tool to help organizations implement probabilistic risk analysis. The guide provides an overview of the risk register tool and gives an example of a project that used it.

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 ...

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 ...

Learn how to accurately quantify credit risk with key measures such as probability of default, loss given default, and exposure at default for informed lending.

Cybersecurity resilience depends on leadership judgment, supply chain awareness and strong governance to handle black swan ...

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, ...