Uncertainty Analysis in Multiplicative Models

Wout Slob

Risk Analysis, 1994, vol. 14, issue 4, 571-576

Abstract: Uncertainties are usually evaluated by Monte Carlo analysis. However, multiplicative models with lognormal uncertainties, which are ubiquitous in risk assessments, allow for a simple and quick analytical uncertainty analysis. The necessary formulae are given, which may be evaluated by a desk calculator. Two examples illustrate the method.

Date: 1994
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https://doi.org/10.1111/j.1539-6924.1994.tb00271.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:riskan:v:14:y:1994:i:4:p:571-576

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