PREDICTING AND MANAGING IMPACTS FROM CATASTROPHIC EVENTS USING WEIGHTED PERIOD EVENT TABLES

摘要

PROBLEM TO BE SOLVED: To provide a system that stochastically models events related to potential perils (e.g., hurricanes, and terrorist attacks) using a weighted period event table.SOLUTION: Both rare and likely events are captured in modeling with minimal computational overhead, allowing appropriate allocation of resources. Applications include disaster response, municipal planning, financial risk modeling and allocation.