Binary Event String Analysis: A Compact Numerical Representation of the Event Tree

Stephen D. Unwin

Risk Analysis, 1984, vol. 4, issue 2, 83-87

Abstract: While the event tree is a useful diagrammatic aid to an appreciation of various event sequence possibilities, it is of a nature that suggests no obvious manner in which the associated probability data may be compiled as computer input. Here, we propose a complementary numerical representation of scenario possibilities which incorporates probability data in a succinct fashion. While its mnemonic properties facilitate the logical development of a system's characteristics, its compactness and unambiguity permit its utilization directly as computer input.

Date: 1984
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https://doi.org/10.1111/j.1539-6924.1984.tb00937.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:riskan:v:4:y:1984:i:2:p:83-87

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