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Uncertainty Analysis in Multiplicative Models
Authors:Wout Slob
Affiliation:National Institute of Public Health and Environmental Protection (RIVM), P.O. Box 1, 3720 BA Bilthoven, The Netherlands.
Abstract:
Uncertainties are usually evaluated by Monte Carlo analysis. However, multiplicative models with lognormal uncertainties, which are ubiquitous in risk assessments, allow for a simple and quick analytical uncertainty analysis. The necessary formulae are given, which may be evaluated by a desk calculator. Two examples illustrate the method.
Keywords:Risk assessment    uncertainty analysis    multiplicative model    lognormal distribution    Monte Carlo analysis
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