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  2. Technique for human error-rate prediction - Wikipedia

    en.wikipedia.org/wiki/Technique_for_human_error...

    HEPs for each sub-task are entered into the tree; all failure branches must have a known probability, otherwise the system will fail to provide a final answer. HRAETs provide the function of breaking down the primary operator tasks into finer steps, which are represented in the form of successes and failures.

  3. Risk matrix - Wikipedia

    en.wikipedia.org/wiki/Risk_matrix

    Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).

  4. Success likelihood index method - Wikipedia

    en.wikipedia.org/wiki/Success_likelihood_index...

    The ideal is the point at which the PSF least degrades performance – for instance both low and high time pressure may contribute to increasing the chance of failure. The MAUD software then rescales all other ratings made on the scale in terms of their distance from this ideal point, with the closest being assigned as a 1 and the furthest from ...

  5. Positive and negative predictive values - Wikipedia

    en.wikipedia.org/wiki/Positive_and_negative...

    The positive predictive value (PPV), or precision, is defined as = + = where a "true positive" is the event that the test makes a positive prediction, and the subject has a positive result under the gold standard, and a "false positive" is the event that the test makes a positive prediction, and the subject has a negative result under the gold standard.

  6. Influence diagrams approach - Wikipedia

    en.wikipedia.org/wiki/Influence_diagrams_approach

    Calculate the unconditional probability of target event and unconditional weight of evidence of middle-level influences For the various combinations of influences that have been considered, the experts identify direct estimates of the likelihood of either success or failure. 8. Compare these results to the holistic judgements of HEPs by the ...

  7. Fault tree analysis - Wikipedia

    en.wikipedia.org/wiki/Fault_tree_analysis

    A fault tree diagram. Fault tree analysis (FTA) is a type of failure analysis in which an undesired state of a system is examined. This analysis method is mainly used in safety engineering and reliability engineering to understand how systems can fail, to identify the best ways to reduce risk and to determine (or get a feeling for) event rates of a safety accident or a particular system level ...

  8. Retirement expert: 401(k)s have a 'portability failure,' and ...

    www.aol.com/finance/retirement-expert-401-k...

    Why 'portability failure' is a problem for workers According to Rowley, when an employee leaves an employer with a 401(k) plan, one of four things typically happens. Some leave their 401(k) behind.

  9. Fail fast (business) - Wikipedia

    en.wikipedia.org/wiki/Fail_fast_(business)

    The concept has been widely employed as a metaphor in business, dating back to at least 2001. [5] It is widely used in the technology and pharmaceutical industries. [2] [3] It became a mantra and badge of honor within startup culture and particularly within the technology industry and in the United States' Silicon Valley, where it is a common part of corporate culture.