Statistical dependence through common risk factors: with applications in uncertainty analysis

JR van Dorp

    Research output: Contribution to journalArticleScientificpeer-review

    14 Citations (Scopus)

    Abstract

    A model for building statistical dependence between marginal distribution with bounded support is discussed. The model is geared towards elicitation of dependence parameters through expert judgment. The resulting joint distribution may be useful in uncertainty analyses where dependence between random variables with a bounded support is present due to common risk factors, such as, e.g., in the classical Project Evaluation and Review Technique. Author Keywords: Uncertainty modeling; Mixture of uniform distributions; Expert judgment
    Original languageUndefined/Unknown
    Pages (from-to)240-255
    Number of pages16
    JournalEuropean Journal of Operational Research
    Volume161
    Issue number1
    DOIs
    Publication statusPublished - 2005

    Keywords

    • academic journal papers
    • ZX CWTS JFIS < 1.00

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