Developments in Risk Analysis Commercial Software

by Charles Yoe, College of Notre Dame of Maryland, Baltimore, United States,



Document Type: Proceeding Paper

Part of: Risk-Based Decision Making in Water Resources VI

Abstract:

There has been a marked increase in the number and type of commercial software packages available to support risk and uncertainty analysis. Monte Carlo simulations, the first such tool, are more numerous and powerful. Additional capabilities including distribution fitting, what-if analysis, analytical hierarchy processes, and decision analysis software are some areas where impressive new capabilities have been developed. Selected new software packages are reviewed in this article.

Subject Headings: Risk management | Computer software | Uncertainty principles | Monte Carlo method | Computing in civil engineering | Computer models | Probability distribution

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