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by valw
2021 days ago
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Interesting example, but it's funny how parts of the abstract read like an intro probability class: > The framework estimates the climate change risks in economic terms by modeling the main activities that a mining company performs, in a probabilistic model, using Bayes’ theorem. The model permits incorporating inherent uncertainty via fuzzy logic and is implemented in two versatile ways: as a discrete Bayesian network or as a conditional linear Gaussian network. This innovative quantitative methodology produces probabilistic outcomes in monetary values estimated either as percentage of annual loss revenue or net loss/gains value. |
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