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HomeMIT IDS.333 Risk and Decision Analysis, Fall 2021Unit 4: Parking Garage Case Example, Video 2: Logic of Analysis

Unit 4: Parking Garage Case Example, Video 2: Logic of Analysis

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Unit 4: Parking Garage Case Example, Video 3: Recognizing Uncertainty, Simulation

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Shows the 3-step flexibility calculations of system performance based on: (1) standard deterministic approach; (2) recognizing uncertainties and simulating actual results; and (3) with flexibility leading to improvements.