In the event of dry weather and high winds, power system-ignited incidents are more likely to develop into wildfires. The risk is greater if vegetation is nearby. A new study provides the methodology ...

The design and construction of capital projects can be extremely complex. Uncertainty and risk add to this complexity and, as a result, many projects experience significant cost overruns and schedule ...

On Friday the 28th of October 2022, M.Sc. Tommi Mäklin defends his doctoral thesis on Probabilistic Methods for High-Resolution Metagenomics. The thesis is related to research done in the Department ...

Saksman's research deals with several mathematical problem areas that involve probabilistic questions in various setups. These include probabilistic methods in mathematical physics, analysis and ...

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 ...

Continuous probabilistic techniques involving simulation can help managers predict the likelihood of time and cost overruns in all types and sizes of oil and gas projects. By deriving time and cost ...

The survey literature has long shown that more respondents say they intend to vote than actually cast a ballot (e.g., Bernstein et al. 2001; Silver et al. 1986). In addition, some people say they do ...

“What kind of investment do we make in technology to create flexibility?” Nuts and Bolts: Taking its cue from the Nobel-prize-winning Black-Scholes model for valuing options, ROV aims to put a ...