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Learning Outcome Statements PDF Download
|1. Steps in simulation|
a. describe steps in running a simulation;
b. explain three ways to define the probability distributions for a simulation's variables;
c. describe how to treat correlation across variables in a simulation;
|2. Advantages, issues and constraints|
d. describe advantages of using simulations in decision making;
e. describe some common constraints introduced into simulations;
f. describe issues in using simulations in risk assessment;
|3. An overall assessment of probabilistic risk assessment approaches|
g. compare scenario analysis, decision trees, and simulations.