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Search results for: uncertainty modeling
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4818</div> </div> </div> </div> <h1 class="mt-3 mb-3 text-center" style="font-size:1.6rem;">Search results for: uncertainty modeling</h1> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4818</span> Uncertainty in Risk Modeling</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mueller%20Jann">Mueller Jann</a>, <a href="https://publications.waset.org/abstracts/search?q=Hoffmann%20Christian%20Hugo"> Hoffmann Christian Hugo</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Conventional quantitative risk management in banking is a risk factor of its own, because it rests on assumptions such as independence and availability of data which do not hold when rare events of extreme consequences are involved. There is a growing recognition of the need for alternative risk measures that do not make these assumptions. We propose a novel method for modeling the risk associated with investment products, in particular derivatives, by using a formal language for specifying financial contracts. Expressions in this language are interpreted in the category of values annotated with (a formal representation of) uncertainty. The choice of uncertainty formalism thus becomes a parameter of the model, so it can be adapted to the particular application and it is not constrained to classical probabilities. We demonstrate our approach using a simple logic-based uncertainty model and a case study in which we assess the risk of counter party default in a portfolio of collateralized loans. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=risk%20model" title="risk model">risk model</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty%20monad" title=" uncertainty monad"> uncertainty monad</a>, <a href="https://publications.waset.org/abstracts/search?q=derivatives" title=" derivatives"> derivatives</a>, <a href="https://publications.waset.org/abstracts/search?q=contract%20algebra" title=" contract algebra"> contract algebra</a> </p> <a href="https://publications.waset.org/abstracts/28143/uncertainty-in-risk-modeling" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/28143.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">576</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4817</span> Statistical Classification, Downscaling and Uncertainty Assessment for Global Climate Model Outputs</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Queen%20Suraajini%20Rajendran">Queen Suraajini Rajendran</a>, <a href="https://publications.waset.org/abstracts/search?q=Sai%20Hung%20Cheung"> Sai Hung Cheung</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Statistical down scaling models are required to connect the global climate model outputs and the local weather variables for climate change impact prediction. For reliable climate change impact studies, the uncertainty associated with the model including natural variability, uncertainty in the climate model(s), down scaling model, model inadequacy and in the predicted results should be quantified appropriately. In this work, a new approach is developed by the authors for statistical classification, statistical down scaling and uncertainty assessment and is applied to Singapore rainfall. It is a robust Bayesian uncertainty analysis methodology and tools based on coupling dependent modeling error with classification and statistical down scaling models in a way that the dependency among modeling errors will impact the results of both classification and statistical down scaling model calibration and uncertainty analysis for future prediction. Singapore data are considered here and the uncertainty and prediction results are obtained. From the results obtained, directions of research for improvement are briefly presented. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=statistical%20downscaling" title="statistical downscaling">statistical downscaling</a>, <a href="https://publications.waset.org/abstracts/search?q=global%20climate%20model" title=" global climate model"> global climate model</a>, <a href="https://publications.waset.org/abstracts/search?q=climate%20change" title=" climate change"> climate change</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title=" uncertainty"> uncertainty</a> </p> <a href="https://publications.waset.org/abstracts/18056/statistical-classification-downscaling-and-uncertainty-assessment-for-global-climate-model-outputs" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/18056.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">368</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4816</span> The Role of Uncertainty in the Integration of Environmental Parameters in Energy System Modeling</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Alexander%20de%20Tom%C3%A1s">Alexander de Tomás</a>, <a href="https://publications.waset.org/abstracts/search?q=Miquel%20Sierra"> Miquel Sierra</a>, <a href="https://publications.waset.org/abstracts/search?q=Stefan%20Pfenninger"> Stefan Pfenninger</a>, <a href="https://publications.waset.org/abstracts/search?q=Francesco%20Lombardi"> Francesco Lombardi</a>, <a href="https://publications.waset.org/abstracts/search?q=Ines%20Campos"> Ines Campos</a>, <a href="https://publications.waset.org/abstracts/search?q=Cristina%20Madrid"> Cristina Madrid</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Environmental parameters are key in the definition of sustainable energy systems yet excluded from most energy system optimization models. Still, decision-making may be misleading without considering them. Environmental analyses of the energy transition are a key part of industrial ecology but often are performed without any input from the users of the information. This work assesses the systemic impacts of energy transition pathways in Portugal. Using the Calliope energy modeling framework, 250+ optimized energy system pathways are generated. A Delphi study helps to identify the relevant criteria for the stakeholders as regards the environmental assessment, which is performed with ENBIOS, a python package that integrates life cycle assessment (LCA) with a metabolic analysis based on complex relations. Furthermore, this study focuses on how the uncertainty propagates through the model’s consortium. With the aim of doing so, a soft link between the Calliope/ENBIOS cascade and Brightway’s data capabilities is built to perform Monte Carlo simulations. These findings highlight the relevance of including uncertainty analysis as a range of values rather than informing energy transition results with a single value. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=energy%20transition" title="energy transition">energy transition</a>, <a href="https://publications.waset.org/abstracts/search?q=energy%20modeling" title=" energy modeling"> energy modeling</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title=" uncertainty"> uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=sustainability" title=" sustainability"> sustainability</a> </p> <a href="https://publications.waset.org/abstracts/163509/the-role-of-uncertainty-in-the-integration-of-environmental-parameters-in-energy-system-modeling" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/163509.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">83</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4815</span> A Joint Possibilistic-Probabilistic Tool for Load Flow Uncertainty Assessment-Part I: Formulation</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Morteza%20Aien">Morteza Aien</a>, <a href="https://publications.waset.org/abstracts/search?q=Masoud%20Rashidinejad"> Masoud Rashidinejad</a>, <a href="https://publications.waset.org/abstracts/search?q=Mahmud%20Fotuhi-Firuzabad"> Mahmud Fotuhi-Firuzabad</a> </p> <p class="card-text"><strong>Abstract:</strong></p> As energetic and environmental issues are getting more and more attention all around the world, the penetration of distributed energy resources (DERs) mainly those harvesting renewable energies (REs) ascends with an unprecedented rate. This matter causes more uncertainties to appear in the power system context; ergo, the uncertainty analysis of the system performance is an obligation. The uncertainties of any system can be represented probabilistically or possibilistically. Since sufficient historical data about all the system variables is not available, therefore, they do not have a probability density function (PDF) and must be represented possibilistiacally. When some of system uncertain variables are probabilistic and some are possibilistic, neither the conventional pure probabilistic nor pure possibilistic methods can be implemented. Hence, a combined solution is appealed. The first of this two-paper series formulates a new possibilistic-probabilistic tool for the load flow uncertainty assessment. The proposed methodology is based on the evidence theory and joint propagation of possibilistic and probabilistic uncertainties. This possibilistic- probabilistic formulation is solved in the second companion paper in an uncertain load flow (ULF) study problem. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=probabilistic%20uncertainty%20modeling" title="probabilistic uncertainty modeling">probabilistic uncertainty modeling</a>, <a href="https://publications.waset.org/abstracts/search?q=possibilistic%20uncertainty%20modeling" title=" possibilistic uncertainty modeling"> possibilistic uncertainty modeling</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertain%20load%20flow" title=" uncertain load flow"> uncertain load flow</a>, <a href="https://publications.waset.org/abstracts/search?q=wind%20turbine%20generator" title=" wind turbine generator"> wind turbine generator</a> </p> <a href="https://publications.waset.org/abstracts/15352/a-joint-possibilistic-probabilistic-tool-for-load-flow-uncertainty-assessment-part-i-formulation" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/15352.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">562</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4814</span> Mind Your Product-Market Strategy on Selecting Marketing Inputs: An Uncertainty Approach in Indian Context</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Susmita%20Ghosh">Susmita Ghosh</a>, <a href="https://publications.waset.org/abstracts/search?q=Bhaskar%20Bhowmick"> Bhaskar Bhowmick</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Market is an important factor for start-ups to look into during decision-making in product development and related areas. Emerging country markets are more uncertain in terms of information availability and institutional supports. The literature review of market uncertainty reveals the need for identifying factors representing the market uncertainty. This paper identifies factors for market uncertainty using Exploratory Factor Analysis (EFA) and confirms the number of factor retention using an alternative factor retention criterion, ‘Parallel Analysis’. 500 entrepreneurs, engaged in start-ups from all over India participated in the study. This paper concludes with the factor structure of ‘market uncertainty’ having dimensions of uncertainty in industry orientation, uncertainty in customer orientation and uncertainty in marketing orientation. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title="uncertainty">uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=market" title=" market"> market</a>, <a href="https://publications.waset.org/abstracts/search?q=orientation" title=" orientation"> orientation</a>, <a href="https://publications.waset.org/abstracts/search?q=competitor" title=" competitor"> competitor</a>, <a href="https://publications.waset.org/abstracts/search?q=demand" title=" demand "> demand </a> </p> <a href="https://publications.waset.org/abstracts/24877/mind-your-product-market-strategy-on-selecting-marketing-inputs-an-uncertainty-approach-in-indian-context" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/24877.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">590</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4813</span> Sensitivity Analysis of Pile-Founded Fixed Steel Jacket Platforms</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mohamed%20Noureldin">Mohamed Noureldin</a>, <a href="https://publications.waset.org/abstracts/search?q=Jinkoo%20Kim"> Jinkoo Kim</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The sensitivity of the seismic response parameters to the uncertain modeling variables of pile-founded fixed steel jacket platforms are investigated using tornado diagram, first-order second-moment, and static pushover analysis techniques. The effects of both aleatory and epistemic uncertainty on seismic response parameters have been investigated for an existing offshore platform. The sources of uncertainty considered in the present study are categorized into three different categories: the uncertainties associated with the soil-pile modeling parameters in clay soil, the platform jacket structure modeling parameters, and the uncertainties related to ground motion excitations. It has been found that the variability in parameters such as yield strength or pile bearing capacity has almost no effect on the seismic response parameters considered, whereas the global structural response is highly affected by the ground motion uncertainty. Also, some uncertainty in soil-pile property such as soil-pile friction capacity has a significant impact on the response parameters and should be carefully modeled. Based on the results, it is highlighted that which uncertain parameters should be considered carefully and which can be assumed with reasonable engineering judgment during the early structural design stage of fixed steel jacket platforms. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=fixed%20jacket%20offshore%20platform" title="fixed jacket offshore platform">fixed jacket offshore platform</a>, <a href="https://publications.waset.org/abstracts/search?q=pile-soil%20structure%20interaction" title=" pile-soil structure interaction"> pile-soil structure interaction</a>, <a href="https://publications.waset.org/abstracts/search?q=sensitivity%20analysis" title=" sensitivity analysis"> sensitivity analysis</a> </p> <a href="https://publications.waset.org/abstracts/17727/sensitivity-analysis-of-pile-founded-fixed-steel-jacket-platforms" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/17727.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">375</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4812</span> Risk and Uncertainty in Aviation: A Thorough Analysis of System Vulnerabilities</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=C.%20V.%20Pietreanu">C. V. Pietreanu</a>, <a href="https://publications.waset.org/abstracts/search?q=S.%20E.%20Zaharia"> S. E. Zaharia</a>, <a href="https://publications.waset.org/abstracts/search?q=C.%20Dinu"> C. Dinu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Hazard assessment and risks quantification are key components for estimating the impact of existing regulations. But since regulatory compliance cannot cover all risks in aviation, the authors point out that by studying causal factors and eliminating uncertainty, an accurate analysis can be outlined. The research debuts by making delimitations on notions, as confusion on the terms over time has reflected in less rigorous analysis. Throughout this paper, it will be emphasized the fact that the variation in human performance and organizational factors represent the biggest threat from an operational perspective. Therefore, advanced risk assessment methods analyzed by the authors aim to understand vulnerabilities of the system given by a nonlinear behavior. Ultimately, the mathematical modeling of existing hazards and risks by eliminating uncertainty implies establishing an optimal solution (i.e. risk minimization). <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=control" title="control">control</a>, <a href="https://publications.waset.org/abstracts/search?q=human%20factor" title=" human factor"> human factor</a>, <a href="https://publications.waset.org/abstracts/search?q=optimization" title=" optimization"> optimization</a>, <a href="https://publications.waset.org/abstracts/search?q=risk%20management" title=" risk management"> risk management</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title=" uncertainty"> uncertainty</a> </p> <a href="https://publications.waset.org/abstracts/86629/risk-and-uncertainty-in-aviation-a-thorough-analysis-of-system-vulnerabilities" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/86629.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">249</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4811</span> Uncertainty Analysis of a Hardware in Loop Setup for Testing Products Related to Building Technology</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Balasundaram%20Prasaant">Balasundaram Prasaant</a>, <a href="https://publications.waset.org/abstracts/search?q=Ploix%20Stephane"> Ploix Stephane</a>, <a href="https://publications.waset.org/abstracts/search?q=Delinchant%20Benoit"> Delinchant Benoit</a>, <a href="https://publications.waset.org/abstracts/search?q=Muresan%20Cristian"> Muresan Cristian</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Hardware in Loop (HIL) testing is done to test and validate a particular product especially in building technology. When it comes to building technology, it is more important to test the products for their efficiency. The test rig in the HIL simulator may contribute to some uncertainties on measured efficiency. The uncertainties include physical uncertainties and scenario-based uncertainties. In this paper, a simple uncertainty analysis framework for an HIL setup is shown considering only the physical uncertainties. The entire modeling of the HIL setup is done in Dymola. The uncertain sources are considered based on available knowledge of the components and also on expert knowledge. For the propagation of uncertainty, Monte Carlo Simulation is used since it is the most reliable and easy to use. In this article it is shown how an HIL setup can be modeled and how uncertainty propagation can be performed on it. Such an approach is not common in building energy analysis. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=energy%20in%20buildings" title="energy in buildings">energy in buildings</a>, <a href="https://publications.waset.org/abstracts/search?q=hardware%20in%20loop%20testing" title=" hardware in loop testing"> hardware in loop testing</a>, <a href="https://publications.waset.org/abstracts/search?q=modelica%20modelling" title=" modelica modelling"> modelica modelling</a>, <a href="https://publications.waset.org/abstracts/search?q=Monte%20Carlo%20simulation" title=" Monte Carlo simulation"> Monte Carlo simulation</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty%20propagation" title=" uncertainty propagation "> uncertainty propagation </a> </p> <a href="https://publications.waset.org/abstracts/129384/uncertainty-analysis-of-a-hardware-in-loop-setup-for-testing-products-related-to-building-technology" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/129384.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">137</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4810</span> Consideration of Uncertainty in Engineering</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=A.%20Mohammadi">A. Mohammadi</a>, <a href="https://publications.waset.org/abstracts/search?q=M.%20Moghimi"> M. Moghimi</a>, <a href="https://publications.waset.org/abstracts/search?q=S.%20Mohammadi"> S. Mohammadi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Engineers need computational methods which could provide solutions less sensitive to the environmental effects, so the techniques should be used which take the uncertainty to account to control and minimize the risk associated with design and operation. In order to consider uncertainty in engineering problem, the optimization problem should be solved for a suitable range of the each uncertain input variable instead of just one estimated point. Using deterministic optimization problem, a large computational burden is required to consider every possible and probable combination of uncertain input variables. Several methods have been reported in the literature to deal with problems under uncertainty. In this paper, different methods presented and analyzed. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title="uncertainty">uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=Monte%20Carlo%20simulated" title=" Monte Carlo simulated"> Monte Carlo simulated</a>, <a href="https://publications.waset.org/abstracts/search?q=stochastic%20programming" title=" stochastic programming"> stochastic programming</a>, <a href="https://publications.waset.org/abstracts/search?q=scenario%20method" title=" scenario method"> scenario method</a> </p> <a href="https://publications.waset.org/abstracts/7164/consideration-of-uncertainty-in-engineering" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/7164.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">414</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4809</span> A Robust Optimization Model for Multi-Objective Closed-Loop Supply Chain</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mohammad%20Y.%20Badiee">Mohammad Y. Badiee</a>, <a href="https://publications.waset.org/abstracts/search?q=Saeed%20Golestani"> Saeed Golestani</a>, <a href="https://publications.waset.org/abstracts/search?q=Mir%20Saman%20Pishvaee"> Mir Saman Pishvaee</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In recent years consumers and governments have been pushing companies to design their activities in such a way as to reduce negative environmental impacts by producing renewable product or threat free disposal policy more and more. It is therefore important to focus more accurate to the optimization of various aspect of total supply chain. Modeling a supply chain can be a challenging process due to the fact that there are a large number of factors that need to be considered in the model. The use of multi-objective optimization can lead to overcome those problems since more information is used when designing the model. Uncertainty is inevitable in real world. Considering uncertainty on parameters in addition to use multi-objectives are ways to give more flexibility to the decision making process since the process can take into account much more constraints and requirements. In this paper we demonstrate a stochastic scenario based robust model to cope with uncertainty in a closed-loop multi-objective supply chain. By applying the proposed model in a real world case, the power of proposed model in handling data uncertainty is shown. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=supply%20chain%20management" title="supply chain management">supply chain management</a>, <a href="https://publications.waset.org/abstracts/search?q=closed-loop%20supply%20chain" title=" closed-loop supply chain"> closed-loop supply chain</a>, <a href="https://publications.waset.org/abstracts/search?q=multi-objective%20optimization" title=" multi-objective optimization"> multi-objective optimization</a>, <a href="https://publications.waset.org/abstracts/search?q=goal%20programming" title=" goal programming"> goal programming</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title=" uncertainty"> uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=robust%20optimization" title=" robust optimization"> robust optimization</a> </p> <a href="https://publications.waset.org/abstracts/39139/a-robust-optimization-model-for-multi-objective-closed-loop-supply-chain" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/39139.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">416</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4808</span> Mine Project Evaluations in the Rising of Uncertainty: Real Options Analysis</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=I.%20Inthanongsone">I. Inthanongsone</a>, <a href="https://publications.waset.org/abstracts/search?q=C.%20Drebenstedt"> C. Drebenstedt</a>, <a href="https://publications.waset.org/abstracts/search?q=J.%20C.%20Bongaerts"> J. C. Bongaerts</a>, <a href="https://publications.waset.org/abstracts/search?q=P.%20Sontamino"> P. Sontamino </a> </p> <p class="card-text"><strong>Abstract:</strong></p> The major concern in evaluating the value of mining projects related to the deficiency of the traditional discounted cash flow (DCF) method. This method does not take uncertainties into account and, hence it does not allow for an economic assessment of managerial flexibility and operational adaptability, which are increasingly determining long-term corporate success. Such an assessment can be performed with the real options valuation (ROV) approach, since it allows for a comparative evaluation of unforeseen uncertainties in a project life cycle. This paper presents an economic evaluation model for open pit mining projects based on real options valuation approach. Uncertainties in the model are caused by metal prices and cost uncertainties and the system dynamics (SD) modeling method is used to structure and solve the real options model. The model is applied to a case study. It can be shown that that managerial flexibility reacting to uncertainties may create additional value to a mining project in comparison to the outcomes of a DCF method. One important insight for management dealing with uncertainty is seen in choosing the optimal time to exercise strategic options. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=DCF%20methods" title="DCF methods">DCF methods</a>, <a href="https://publications.waset.org/abstracts/search?q=ROV%20approach" title=" ROV approach"> ROV approach</a>, <a href="https://publications.waset.org/abstracts/search?q=system%20dynamics%20modeling%20methods" title=" system dynamics modeling methods"> system dynamics modeling methods</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title=" uncertainty"> uncertainty</a> </p> <a href="https://publications.waset.org/abstracts/36009/mine-project-evaluations-in-the-rising-of-uncertainty-real-options-analysis" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/36009.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">501</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4807</span> Magneto-Rheological Damper Based Semi-Active Robust H∞ Control of Civil Structures with Parametric Uncertainties</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Vedat%20Senol">Vedat Senol</a>, <a href="https://publications.waset.org/abstracts/search?q=Gursoy%20Turan"> Gursoy Turan</a>, <a href="https://publications.waset.org/abstracts/search?q=Anders%20Helmersson"> Anders Helmersson</a>, <a href="https://publications.waset.org/abstracts/search?q=Vortechz%20Andersson"> Vortechz Andersson</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In developing a mathematical model of a real structure, the simulation results of the model may not match the real structural response. This is a general problem that arises during dynamic motion of the structure, which may be modeled by means of parameter variations in the stiffness, damping, and mass matrices. These changes in parameters need to be estimated, and the mathematical model is updated to obtain higher control performances and robustness. In this study, a linear fractional transformation (LFT) is utilized for uncertainty modeling. Further, a general approach to the design of an H∞ control of a magneto-rheological damper (MRD) for vibration reduction in a building with mass, damping, and stiffness uncertainties is presented. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=uncertainty%20modeling" title="uncertainty modeling">uncertainty modeling</a>, <a href="https://publications.waset.org/abstracts/search?q=structural%20control" title=" structural control"> structural control</a>, <a href="https://publications.waset.org/abstracts/search?q=MR%20Damper" title=" MR Damper"> MR Damper</a>, <a href="https://publications.waset.org/abstracts/search?q=H%E2%88%9E" title=" H∞"> H∞</a>, <a href="https://publications.waset.org/abstracts/search?q=robust%20control" title=" robust control"> robust control</a> </p> <a href="https://publications.waset.org/abstracts/111738/magneto-rheological-damper-based-semi-active-robust-h-control-of-civil-structures-with-parametric-uncertainties" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/111738.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">138</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4806</span> Constructing a Probabilistic Ontology from a DBLP Data</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Emna%20Hlel">Emna Hlel</a>, <a href="https://publications.waset.org/abstracts/search?q=Salma%20Jamousi"> Salma Jamousi</a>, <a href="https://publications.waset.org/abstracts/search?q=Abdelmajid%20Ben%20Hamadou"> Abdelmajid Ben Hamadou</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Every model for knowledge representation to model real-world applications must be able to cope with the effects of uncertain phenomena. One of main defects of classical ontology is its inability to represent and reason with uncertainty. To remedy this defect, we try to propose a method to construct probabilistic ontology for integrating uncertain information in an ontology modeling a set of basic publications DBLP (Digital Bibliography & Library Project) using a probabilistic model. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=classical%20ontology" title="classical ontology">classical ontology</a>, <a href="https://publications.waset.org/abstracts/search?q=probabilistic%20ontology" title=" probabilistic ontology"> probabilistic ontology</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title=" uncertainty"> uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=Bayesian%20network" title=" Bayesian network"> Bayesian network</a> </p> <a href="https://publications.waset.org/abstracts/24225/constructing-a-probabilistic-ontology-from-a-dblp-data" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/24225.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">347</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4805</span> Donoho-Stark’s and Hardy’s Uncertainty Principles for the Short-Time Quaternion Offset Linear Canonical Transform</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mohammad%20Younus%20Bhat">Mohammad Younus Bhat</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The quaternion offset linear canonical transform (QOLCT), which isa time-shifted and frequency-modulated version of the quaternion linear canonical transform (QLCT), provides a more general framework of most existing signal processing tools. For the generalized QOLCT, the classical Heisenberg’s and Lieb’s uncertainty principles have been studied recently. In this paper, we first define the short-time quaternion offset linear canonical transform (ST-QOLCT) and drive its relationship with the quaternion Fourier transform (QFT). The crux of the paper lies in the generalization of several well-known uncertainty principles for the ST-QOLCT, including Donoho-Stark’s uncertainty principle, Hardy’s uncertainty principle, Beurling’s uncertainty principle, and the logarithmic uncertainty principle. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Quaternion%20Fourier%20transform" title="Quaternion Fourier transform">Quaternion Fourier transform</a>, <a href="https://publications.waset.org/abstracts/search?q=Quaternion%20offset%20linear%20canonical%20transform" title=" Quaternion offset linear canonical transform"> Quaternion offset linear canonical transform</a>, <a href="https://publications.waset.org/abstracts/search?q=short-time%20quaternion%20offset%20linear%20canonical%20transform" title=" short-time quaternion offset linear canonical transform"> short-time quaternion offset linear canonical transform</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty%20principle" title=" uncertainty principle"> uncertainty principle</a> </p> <a href="https://publications.waset.org/abstracts/142375/donoho-starks-and-hardys-uncertainty-principles-for-the-short-time-quaternion-offset-linear-canonical-transform" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/142375.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">211</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4804</span> Inter Laboratory Comparison with Coordinate Measuring Machine and Uncertainty Analysis</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Tugrul%20%20Torun">Tugrul Torun</a>, <a href="https://publications.waset.org/abstracts/search?q=Ihsan%20A.%20Yuksel"> Ihsan A. Yuksel</a>, <a href="https://publications.waset.org/abstracts/search?q=Si%CC%87nem%20On%20Aktan"> Si̇nem On Aktan</a>, <a href="https://publications.waset.org/abstracts/search?q=Taha%20K.%20Vezi%CC%87roglu"> Taha K. Vezi̇roglu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In the quality control processes in some industries, the usage of CMM has increased in recent years. Consequently, the CMMs play important roles in the acceptance or rejection of manufactured parts. For parts, it’s important to be able to make decisions by performing fast measurements. According to related technical drawing and its tolerances, measurement uncertainty should also be considered during assessment. Since uncertainty calculation is difficult and time-consuming, most companies ignore the uncertainty value in their routine inspection method. Although studies on measurement uncertainty have been carried out on CMM’s in recent years, there is still no applicable method for analyzing task-specific measurement uncertainty. There are some standard series for calculating measurement uncertainty (ISO-15530); it is not possible to use it in industrial measurement because it is not a practical method for standard measurement routine. In this study, the inter-laboratory comparison test has been carried out in the ROKETSAN A.Ş. with all dimensional inspection units. The reference part that we used is traceable to the national metrology institute TUBİTAK UME. Each unit has measured reference parts according to related technical drawings, and the task-specific measuring uncertainty has been calculated with related parameters. According to measurement results and uncertainty values, the En values have been calculated. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=coordinate%20measurement" title="coordinate measurement">coordinate measurement</a>, <a href="https://publications.waset.org/abstracts/search?q=CMM" title=" CMM"> CMM</a>, <a href="https://publications.waset.org/abstracts/search?q=comparison" title=" comparison"> comparison</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title=" uncertainty"> uncertainty</a> </p> <a href="https://publications.waset.org/abstracts/136496/inter-laboratory-comparison-with-coordinate-measuring-machine-and-uncertainty-analysis" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/136496.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">211</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4803</span> A Joint Possibilistic-Probabilistic Tool for Load Flow Uncertainty Assessment-Part II: Case Studies</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Morteza%20Aien">Morteza Aien</a>, <a href="https://publications.waset.org/abstracts/search?q=Masoud%20Rashidinejad"> Masoud Rashidinejad</a>, <a href="https://publications.waset.org/abstracts/search?q=Mahmud%20Fotuhi-Firuzabad"> Mahmud Fotuhi-Firuzabad</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Power systems are innately uncertain systems. To face with such uncertain systems, robust uncertainty assessment tools are appealed. This paper inspects the uncertainty assessment formulation of the load flow (LF) problem considering different kinds of uncertainties, developed in its companion paper through some case studies. The proposed methodology is based on the evidence theory and joint propagation of possibilistic and probabilistic uncertainties. The load and wind power generation are considered as probabilistic uncertain variables and the electric vehicles (EVs) and gas turbine distributed generation (DG) units are considered as possibilistic uncertain variables. The cumulative distribution function (CDF) of the system output parameters obtained by the pure probabilistic method lies within the belief and plausibility functions obtained by the joint propagation approach. Furthermore, the imprecision in the DG parameters is explicitly reflected by the gap between the belief and plausibility functions. This gap, due to the epistemic uncertainty on the DG resources parameters grows as the penetration level increases. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=electric%20vehicles" title="electric vehicles">electric vehicles</a>, <a href="https://publications.waset.org/abstracts/search?q=joint%20possibilistic-%20probabilistic%20uncertainty%20modeling" title=" joint possibilistic- probabilistic uncertainty modeling"> joint possibilistic- probabilistic uncertainty modeling</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertain%20load%20flow" title=" uncertain load flow"> uncertain load flow</a>, <a href="https://publications.waset.org/abstracts/search?q=wind%20turbine%20generator" title=" wind turbine generator"> wind turbine generator</a> </p> <a href="https://publications.waset.org/abstracts/15353/a-joint-possibilistic-probabilistic-tool-for-load-flow-uncertainty-assessment-part-ii-case-studies" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/15353.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">431</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4802</span> Belief-Based Games: An Appropriate Tool for Uncertain Strategic Situation</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Saied%20Farham-Nia">Saied Farham-Nia</a>, <a href="https://publications.waset.org/abstracts/search?q=Alireza%20Ghaffari-Hadigheh"> Alireza Ghaffari-Hadigheh</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Game theory is a mathematical tool to study the behaviors of a rational and strategic decision-makers, that analyze existing equilibrium in interest conflict situation and provides an appropriate mechanisms for cooperation between two or more player. Game theory is applicable for any strategic and interest conflict situation in politics, management and economics, sociology and etc. Real worlds’ decisions are usually made in the state of indeterminacy and the players often are lack of the information about the other players’ payoffs or even his own, which leads to the games in uncertain environments. When historical data for decision parameters distribution estimation is unavailable, we may have no choice but to use expertise belief degree, which represents the strength with that we believe the event will happen. To deal with belief degrees, we have use uncertainty theory which is introduced and developed by Liu based on normality, duality, subadditivity and product axioms to modeling personal belief degree. As we know, the personal belief degree heavily depends on the personal knowledge concerning the event and when personal knowledge changes, cause changes in the belief degree too. Uncertainty theory not only theoretically is self-consistent but also is the best among other theories for modeling belief degree on practical problem. In this attempt, we primarily reintroduced Expected Utility Function in uncertainty environment according to uncertainty theory axioms to extract payoffs. Then, we employed Nash Equilibrium to investigate the solutions. For more practical issues, Stackelberg leader-follower Game and Bertrand Game, as a benchmark models are discussed. Compared to existing articles in the similar topics, the game models and solution concepts introduced in this article can be a framework for problems in an uncertain competitive situation based on experienced expert’s belief degree. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=game%20theory" title="game theory">game theory</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty%20theory" title=" uncertainty theory"> uncertainty theory</a>, <a href="https://publications.waset.org/abstracts/search?q=belief%20degree" title=" belief degree"> belief degree</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertain%20expected%20value" title=" uncertain expected value"> uncertain expected value</a>, <a href="https://publications.waset.org/abstracts/search?q=Nash%20equilibrium" title=" Nash equilibrium"> Nash equilibrium</a> </p> <a href="https://publications.waset.org/abstracts/42359/belief-based-games-an-appropriate-tool-for-uncertain-strategic-situation" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/42359.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">415</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4801</span> Epistemic Uncertainty Analysis of Queue with Vacations</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Baya%20Takhedmit">Baya Takhedmit</a>, <a href="https://publications.waset.org/abstracts/search?q=Karim%20Abbas"> Karim Abbas</a>, <a href="https://publications.waset.org/abstracts/search?q=Sofiane%20Ouazine"> Sofiane Ouazine</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The vacations queues are often employed to model many real situations such as computer systems, communication networks, manufacturing and production systems, transportation systems and so forth. These queueing models are solved at fixed parameters values. However, the parameter values themselves are determined from a finite number of observations and hence have uncertainty associated with them (epistemic uncertainty). In this paper, we consider the M/G/1/N queue with server vacation and exhaustive discipline where we assume that the vacation parameter values have uncertainty. We use the Taylor series expansions approach to estimate the expectation and variance of model output, due to epistemic uncertainties in the model input parameters. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=epistemic%20uncertainty" title="epistemic uncertainty">epistemic uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=M%2FG%2F1%2FN%20queue%20with%20vacations" title=" M/G/1/N queue with vacations"> M/G/1/N queue with vacations</a>, <a href="https://publications.waset.org/abstracts/search?q=non-parametric%20sensitivity%20analysis" title=" non-parametric sensitivity analysis"> non-parametric sensitivity analysis</a>, <a href="https://publications.waset.org/abstracts/search?q=Taylor%20series%20expansion" title=" Taylor series expansion"> Taylor series expansion</a> </p> <a href="https://publications.waset.org/abstracts/63375/epistemic-uncertainty-analysis-of-queue-with-vacations" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/63375.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">433</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4800</span> Estimation of Uncertainty of Thermal Conductivity Measurement with Single Laboratory Validation Approach</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Saowaluck%20Ukrisdawithid">Saowaluck Ukrisdawithid</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The thermal conductivity of thermal insulation materials are measured by Heat Flow Meter (HFM) apparatus. The components of uncertainty are complex and difficult on routine measurement by modelling approach. In this study, uncertainty of thermal conductivity measurement was estimated by single laboratory validation approach. The within-laboratory reproducibility was 1.1%. The standard uncertainty of method and laboratory bias by using SRM1453 expanded polystyrene board was dominant at 1.4%. However, it was assessed that there was no significant bias. For sample measurement, the sources of uncertainty were repeatability, density of sample and thermal conductivity resolution of HFM. From this approach to sample measurements, the combined uncertainty was calculated. In summary, the thermal conductivity of sample, polystyrene foam, was reported as 0.03367 W/m·K ± 3.5% (k = 2) at mean temperature 23.5 °C. The single laboratory validation approach is simple key of routine testing laboratory for estimation uncertainty of thermal conductivity measurement by using HFM, according to ISO/IEC 17025-2017 requirements. These are meaningful for laboratory competent improvement, quality control on products, and conformity assessment. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=single%20laboratory%20validation%20approach" title="single laboratory validation approach">single laboratory validation approach</a>, <a href="https://publications.waset.org/abstracts/search?q=within-laboratory%20reproducibility" title=" within-laboratory reproducibility"> within-laboratory reproducibility</a>, <a href="https://publications.waset.org/abstracts/search?q=method%20and%20laboratory%20bias" title=" method and laboratory bias"> method and laboratory bias</a>, <a href="https://publications.waset.org/abstracts/search?q=certified%20reference%20material" title=" certified reference material"> certified reference material</a> </p> <a href="https://publications.waset.org/abstracts/115436/estimation-of-uncertainty-of-thermal-conductivity-measurement-with-single-laboratory-validation-approach" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/115436.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">153</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4799</span> Modeling Stream Flow with Prediction Uncertainty by Using SWAT Hydrologic and RBNN Neural Network Models for Agricultural Watershed in India</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ajai%20Singh">Ajai Singh</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Simulation of hydrological processes at the watershed outlet through modelling approach is essential for proper planning and implementation of appropriate soil conservation measures in Damodar Barakar catchment, Hazaribagh, India where soil erosion is a dominant problem. This study quantifies the parametric uncertainty involved in simulation of stream flow using Soil and Water Assessment Tool (SWAT), a watershed scale model and Radial Basis Neural Network (RBNN), an artificial neural network model. Both the models were calibrated and validated based on measured stream flow and quantification of the uncertainty in SWAT model output was assessed using ‘‘Sequential Uncertainty Fitting Algorithm’’ (SUFI-2). Though both the model predicted satisfactorily, but RBNN model performed better than SWAT with R2 and NSE values of 0.92 and 0.92 during training, and 0.71 and 0.70 during validation period, respectively. Comparison of the results of the two models also indicates a wider prediction interval for the results of the SWAT model. The values of P-factor related to each model shows that the percentage of observed stream flow values bracketed by the 95PPU in the RBNN model as 91% is higher than the P-factor in SWAT as 87%. In other words the RBNN model estimates the stream flow values more accurately and with less uncertainty. It could be stated that RBNN model based on simple input could be used for estimation of monthly stream flow, missing data, and testing the accuracy and performance of other models. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=SWAT" title="SWAT">SWAT</a>, <a href="https://publications.waset.org/abstracts/search?q=RBNN" title=" RBNN"> RBNN</a>, <a href="https://publications.waset.org/abstracts/search?q=SUFI%202" title=" SUFI 2"> SUFI 2</a>, <a href="https://publications.waset.org/abstracts/search?q=bootstrap%20technique" title=" bootstrap technique"> bootstrap technique</a>, <a href="https://publications.waset.org/abstracts/search?q=stream%20flow" title=" stream flow"> stream flow</a>, <a href="https://publications.waset.org/abstracts/search?q=simulation" title=" simulation"> simulation</a> </p> <a href="https://publications.waset.org/abstracts/21788/modeling-stream-flow-with-prediction-uncertainty-by-using-swat-hydrologic-and-rbnn-neural-network-models-for-agricultural-watershed-in-india" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/21788.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">370</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4798</span> Airport Investment Risk Assessment under Uncertainty</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Elena%20M.%20Capitanul">Elena M. Capitanul</a>, <a href="https://publications.waset.org/abstracts/search?q=Carlos%20A.%20Nunes%20Cosenza"> Carlos A. Nunes Cosenza</a>, <a href="https://publications.waset.org/abstracts/search?q=Walid%20El%20Moudani"> Walid El Moudani</a>, <a href="https://publications.waset.org/abstracts/search?q=Felix%20Mora%20Camino"> Felix Mora Camino</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The construction of a new airport or the extension of an existing one requires massive investments and many times public private partnerships were considered in order to make feasible such projects. One characteristic of these projects is uncertainty with respect to financial and environmental impacts on the medium to long term. Another one is the multistage nature of these types of projects. While many airport development projects have been a success, some others have turned into a nightmare for their promoters. This communication puts forward a new approach for airport investment risk assessment. The approach takes explicitly into account the degree of uncertainty in activity levels prediction and proposes milestones for the different stages of the project for minimizing risk. Uncertainty is represented through fuzzy dual theory and risk management is performed using dynamic programming. An illustration of the proposed approach is provided. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=airports" title="airports">airports</a>, <a href="https://publications.waset.org/abstracts/search?q=fuzzy%20logic" title=" fuzzy logic"> fuzzy logic</a>, <a href="https://publications.waset.org/abstracts/search?q=risk" title=" risk"> risk</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title=" uncertainty"> uncertainty</a> </p> <a href="https://publications.waset.org/abstracts/14093/airport-investment-risk-assessment-under-uncertainty" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/14093.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">413</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4797</span> From Type-I to Type-II Fuzzy System Modeling for Diagnosis of Hepatitis</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Shahabeddin%20Sotudian">Shahabeddin Sotudian</a>, <a href="https://publications.waset.org/abstracts/search?q=M.%20H.%20Fazel%20Zarandi"> M. H. Fazel Zarandi</a>, <a href="https://publications.waset.org/abstracts/search?q=I.%20B.%20Turksen"> I. B. Turksen</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Hepatitis is one of the most common and dangerous diseases that affects humankind, and exposes millions of people to serious health risks every year. Diagnosis of Hepatitis has always been a challenge for physicians. This paper presents an effective method for diagnosis of hepatitis based on interval Type-II fuzzy. This proposed system includes three steps: pre-processing (feature selection), Type-I and Type-II fuzzy classification, and system evaluation. KNN-FD feature selection is used as the preprocessing step in order to exclude irrelevant features and to improve classification performance and efficiency in generating the classification model. In the fuzzy classification step, an “indirect approach” is used for fuzzy system modeling by implementing the exponential compactness and separation index for determining the number of rules in the fuzzy clustering approach. Therefore, we first proposed a Type-I fuzzy system that had an accuracy of approximately 90.9%. In the proposed system, the process of diagnosis faces vagueness and uncertainty in the final decision. Thus, the imprecise knowledge was managed by using interval Type-II fuzzy logic. The results that were obtained show that interval Type-II fuzzy has the ability to diagnose hepatitis with an average accuracy of 93.94%. The classification accuracy obtained is the highest one reached thus far. The aforementioned rate of accuracy demonstrates that the Type-II fuzzy system has a better performance in comparison to Type-I and indicates a higher capability of Type-II fuzzy system for modeling uncertainty. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=hepatitis%20disease" title="hepatitis disease">hepatitis disease</a>, <a href="https://publications.waset.org/abstracts/search?q=medical%20diagnosis" title=" medical diagnosis"> medical diagnosis</a>, <a href="https://publications.waset.org/abstracts/search?q=type-I%20fuzzy%20logic" title=" type-I fuzzy logic"> type-I fuzzy logic</a>, <a href="https://publications.waset.org/abstracts/search?q=type-II%20fuzzy%20logic" title=" type-II fuzzy logic"> type-II fuzzy logic</a>, <a href="https://publications.waset.org/abstracts/search?q=feature%20selection" title=" feature selection"> feature selection</a> </p> <a href="https://publications.waset.org/abstracts/49654/from-type-i-to-type-ii-fuzzy-system-modeling-for-diagnosis-of-hepatitis" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/49654.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">306</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4796</span> Decision Making Approach through Generalized Fuzzy Entropy Measure</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=H.%20D.%20Arora">H. D. Arora</a>, <a href="https://publications.waset.org/abstracts/search?q=Anjali%20Dhiman"> Anjali Dhiman</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Uncertainty is found everywhere and its understanding is central to decision making. Uncertainty emerges as one has less information than the total information required describing a system and its environment. Uncertainty and information are so closely associated that the information provided by an experiment for example, is equal to the amount of uncertainty removed. It may be pertinent to point out that uncertainty manifests itself in several forms and various kinds of uncertainties may arise from random fluctuations, incomplete information, imprecise perception, vagueness etc. For instance, one encounters uncertainty due to vagueness in communication through natural language. Uncertainty in this sense is represented by fuzziness resulting from imprecision of meaning of a concept expressed by linguistic terms. Fuzzy set concept provides an appropriate mathematical framework for dealing with the vagueness. Both information theory, proposed by Shannon (1948) and fuzzy set theory given by Zadeh (1965) plays an important role in human intelligence and various practical problems such as image segmentation, medical diagnosis etc. Numerous approaches and theories dealing with inaccuracy and uncertainty have been proposed by different researcher. In the present communication, we generalize fuzzy entropy proposed by De Luca and Termini (1972) corresponding to Shannon entropy(1948). Further, some of the basic properties of the proposed measure were examined. We also applied the proposed measure to the real life decision making problem. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=entropy" title="entropy">entropy</a>, <a href="https://publications.waset.org/abstracts/search?q=fuzzy%20sets" title=" fuzzy sets"> fuzzy sets</a>, <a href="https://publications.waset.org/abstracts/search?q=fuzzy%20entropy" title=" fuzzy entropy"> fuzzy entropy</a>, <a href="https://publications.waset.org/abstracts/search?q=generalized%20fuzzy%20entropy" title=" generalized fuzzy entropy"> generalized fuzzy entropy</a>, <a href="https://publications.waset.org/abstracts/search?q=decision%20making" title=" decision making"> decision making</a> </p> <a href="https://publications.waset.org/abstracts/26513/decision-making-approach-through-generalized-fuzzy-entropy-measure" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/26513.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">448</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4795</span> Uncertainty Estimation in Neural Networks through Transfer Learning</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ashish%20James">Ashish James</a>, <a href="https://publications.waset.org/abstracts/search?q=Anusha%20James"> Anusha James</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The impressive predictive performance of deep learning techniques on a wide range of tasks has led to its widespread use. Estimating the confidence of these predictions is paramount for improving the safety and reliability of such systems. However, the uncertainty estimates provided by neural networks (NNs) tend to be overconfident and unreasonable. Ensemble of NNs typically produce good predictions but uncertainty estimates tend to be inconsistent. Inspired by these, this paper presents a framework that can quantitatively estimate the uncertainties by leveraging the advances in transfer learning through slight modification to the existing training pipelines. This promising algorithm is developed with an intention of deployment in real world problems which already boast a good predictive performance by reusing those pretrained models. The idea is to capture the behavior of the trained NNs for the base task by augmenting it with the uncertainty estimates from a supplementary network. A series of experiments with known and unknown distributions show that the proposed approach produces well calibrated uncertainty estimates with high quality predictions. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=uncertainty%20estimation" title="uncertainty estimation">uncertainty estimation</a>, <a href="https://publications.waset.org/abstracts/search?q=neural%20networks" title=" neural networks"> neural networks</a>, <a href="https://publications.waset.org/abstracts/search?q=transfer%20learning" title=" transfer learning"> transfer learning</a>, <a href="https://publications.waset.org/abstracts/search?q=regression" title=" regression"> regression</a> </p> <a href="https://publications.waset.org/abstracts/153501/uncertainty-estimation-in-neural-networks-through-transfer-learning" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/153501.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">135</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4794</span> Establishment of the Regression Uncertainty of the Critical Heat Flux Power Correlation for an Advanced Fuel Bundle</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=L.%20Q.%20Yuan">L. Q. Yuan</a>, <a href="https://publications.waset.org/abstracts/search?q=J.%20Yang"> J. Yang</a>, <a href="https://publications.waset.org/abstracts/search?q=A.%20Siddiqui"> A. Siddiqui</a> </p> <p class="card-text"><strong>Abstract:</strong></p> A new regression uncertainty analysis methodology was applied to determine the uncertainties of the critical heat flux (CHF) power correlation for an advanced 43-element bundle design, which was developed by Canadian Nuclear Laboratories (CNL) to achieve improved economics, resource utilization and energy sustainability. The new methodology is considered more appropriate than the traditional methodology in the assessment of the experimental uncertainty associated with regressions. The methodology was first assessed using both the Monte Carlo Method (MCM) and the Taylor Series Method (TSM) for a simple linear regression model, and then extended successfully to a non-linear CHF power regression model (CHF power as a function of inlet temperature, outlet pressure and mass flow rate). The regression uncertainty assessed by MCM agrees well with that by TSM. An equation to evaluate the CHF power regression uncertainty was developed and expressed as a function of independent variables that determine the CHF power. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=CHF%20experiment" title="CHF experiment">CHF experiment</a>, <a href="https://publications.waset.org/abstracts/search?q=CHF%20correlation" title=" CHF correlation"> CHF correlation</a>, <a href="https://publications.waset.org/abstracts/search?q=regression%20uncertainty" title=" regression uncertainty"> regression uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=Monte%20Carlo%20Method" title=" Monte Carlo Method"> Monte Carlo Method</a>, <a href="https://publications.waset.org/abstracts/search?q=Taylor%20Series%20Method" title=" Taylor Series Method"> Taylor Series Method</a> </p> <a href="https://publications.waset.org/abstracts/77556/establishment-of-the-regression-uncertainty-of-the-critical-heat-flux-power-correlation-for-an-advanced-fuel-bundle" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/77556.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">416</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4793</span> Decision Making under Strict Uncertainty: Case Study in Sewer Network Planning</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Zhen%20Wu">Zhen Wu</a>, <a href="https://publications.waset.org/abstracts/search?q=David%20Lupien%20St-Pierre"> David Lupien St-Pierre</a>, <a href="https://publications.waset.org/abstracts/search?q=Georges%20Abdul-Nour"> Georges Abdul-Nour</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In decision making under strict uncertainty, decision makers have to choose a decision without any information about the states of nature. The classic criteria of Laplace, Wald, Savage, Hurwicz and Starr are introduced and compared in a case study of sewer network planning. Furthermore, results from different criteria are discussed and analyzed. Moreover, this paper discusses the idea that decision making under strict uncertainty (DMUSU) can be viewed as a two-player game and thus be solved by a solution concept in game theory: Nash equilibrium. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=decision%20criteria" title="decision criteria">decision criteria</a>, <a href="https://publications.waset.org/abstracts/search?q=decision%20making" title=" decision making"> decision making</a>, <a href="https://publications.waset.org/abstracts/search?q=sewer%20network%20planning" title=" sewer network planning"> sewer network planning</a>, <a href="https://publications.waset.org/abstracts/search?q=decision%20making" title=" decision making"> decision making</a>, <a href="https://publications.waset.org/abstracts/search?q=strict%20uncertainty" title=" strict uncertainty"> strict uncertainty</a> </p> <a href="https://publications.waset.org/abstracts/64139/decision-making-under-strict-uncertainty-case-study-in-sewer-network-planning" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/64139.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">559</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4792</span> Competition and Cooperation of Prosumers in Cournot Games with Uncertainty</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Yong-Heng%20Shi">Yong-Heng Shi</a>, <a href="https://publications.waset.org/abstracts/search?q=Peng%20Hao"> Peng Hao</a>, <a href="https://publications.waset.org/abstracts/search?q=Bai-Chen%20Xie"> Bai-Chen Xie</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Solar prosumers are playing increasingly prominent roles in the power system. However, its uncertainty affects the outcomes and functions of the power market, especially in the asymmetric information environment. Therefore, an important issue is how to take effective measures to reduce the impact of uncertainty on market equilibrium. We propose a two-level stochastic differential game model to explore the Cournot decision problem of prosumers. In particular, we study the impact of punishment and cooperation mechanisms on the efficiency of the Cournot game in which prosumers face uncertainty. The results show that under the penalty mechanism of fixed and variable rates, producers and consumers tend to take conservative actions to hedge risks, and the variable rates mechanism is more reasonable. Compared with non-cooperative situations, prosumers can improve the efficiency of the game through cooperation, which we attribute to the superposition of market power and uncertainty reduction. In addition, the market environment of asymmetric information intensifies the role of uncertainty. It reduces social welfare but increases the income of prosumers. For regulators, promoting alliances is an effective measure to realize the integration, optimization, and stable grid connection of producers and consumers. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Cournot%20games" title="Cournot games">Cournot games</a>, <a href="https://publications.waset.org/abstracts/search?q=power%20market" title=" power market"> power market</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title=" uncertainty"> uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=prosumer%20cooperation" title=" prosumer cooperation"> prosumer cooperation</a> </p> <a href="https://publications.waset.org/abstracts/163232/competition-and-cooperation-of-prosumers-in-cournot-games-with-uncertainty" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/163232.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">107</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4791</span> Uncertainty and Optimization Analysis Using PETREL RE</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ankur%20Sachan">Ankur Sachan</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The ability to make quick yet intelligent and value-added decisions to develop new fields has always been of great significance. In situations where the capital expenses and subsurface risk are high, carefully analyzing the inherent uncertainties in the reservoir and how they impact the predicted hydrocarbon accumulation and production becomes a daunting task. The problem is compounded in offshore environments, especially in the presence of heavy oils and disconnected sands where the margin for error is small. Uncertainty refers to the degree to which the data set may be in error or stray from the predicted values. To understand and quantify the uncertainties in reservoir model is important when estimating the reserves. Uncertainty parameters can be geophysical, geological, petrophysical etc. Identification of these parameters is necessary to carry out the uncertainty analysis. With so many uncertainties working at different scales, it becomes essential to have a consistent and efficient way of incorporating them into our analysis. Ranking the uncertainties based on their impact on reserves helps to prioritize/ guide future data gathering and uncertainty reduction efforts. Assigning probabilistic ranges to key uncertainties also enables the computation of probabilistic reserves. With this in mind, this paper, with the help the uncertainty and optimization process in petrel RE shows how the most influential uncertainties can be determined efficiently and how much impact so they have on the reservoir model thus helping in determining a cost effective and accurate model of the reservoir. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title="uncertainty">uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=reservoir%20model" title=" reservoir model"> reservoir model</a>, <a href="https://publications.waset.org/abstracts/search?q=parameters" title=" parameters"> parameters</a>, <a href="https://publications.waset.org/abstracts/search?q=optimization%20analysis" title=" optimization analysis"> optimization analysis</a> </p> <a href="https://publications.waset.org/abstracts/21057/uncertainty-and-optimization-analysis-using-petrel-re" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/21057.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">651</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4790</span> A Comparative Study of Sampling-Based Uncertainty Propagation with First Order Error Analysis and Percentile-Based Optimization</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=M.%20Gulam%20Kibria">M. Gulam Kibria</a>, <a href="https://publications.waset.org/abstracts/search?q=Shourav%20Ahmed"> Shourav Ahmed</a>, <a href="https://publications.waset.org/abstracts/search?q=Kais%20Zaman"> Kais Zaman</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In system analysis, the information on the uncertain input variables cause uncertainty in the system responses. Different probabilistic approaches for uncertainty representation and propagation in such cases exist in the literature. Different uncertainty representation approaches result in different outputs. Some of the approaches might result in a better estimation of system response than the other approaches. The NASA Langley Multidisciplinary Uncertainty Quantification Challenge (MUQC) has posed challenges about uncertainty quantification. Subproblem A, the uncertainty characterization subproblem, of the challenge posed is addressed in this study. In this subproblem, the challenge is to gather knowledge about unknown model inputs which have inherent aleatory and epistemic uncertainties in them with responses (output) of the given computational model. We use two different methodologies to approach the problem. In the first methodology we use sampling-based uncertainty propagation with first order error analysis. In the other approach we place emphasis on the use of Percentile-Based Optimization (PBO). The NASA Langley MUQC’s subproblem A is developed in such a way that both aleatory and epistemic uncertainties need to be managed. The challenge problem classifies each uncertain parameter as belonging to one the following three types: (i) An aleatory uncertainty modeled as a random variable. It has a fixed functional form and known coefficients. This uncertainty cannot be reduced. (ii) An epistemic uncertainty modeled as a fixed but poorly known physical quantity that lies within a given interval. This uncertainty is reducible. (iii) A parameter might be aleatory but sufficient data might not be available to adequately model it as a single random variable. For example, the parameters of a normal variable, e.g., the mean and standard deviation, might not be precisely known but could be assumed to lie within some intervals. It results in a distributional p-box having the physical parameter with an aleatory uncertainty, but the parameters prescribing its mathematical model are subjected to epistemic uncertainties. Each of the parameters of the random variable is an unknown element of a known interval. This uncertainty is reducible. From the study, it is observed that due to practical limitations or computational expense, the sampling is not exhaustive in sampling-based methodology. That is why the sampling-based methodology has high probability of underestimating the output bounds. Therefore, an optimization-based strategy to convert uncertainty described by interval data into a probabilistic framework is necessary. This is achieved in this study by using PBO. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=aleatory%20uncertainty" title="aleatory uncertainty">aleatory uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=epistemic%20uncertainty" title=" epistemic uncertainty"> epistemic uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=first%20order%20error%20analysis" title=" first order error analysis"> first order error analysis</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty%20quantification" title=" uncertainty quantification"> uncertainty quantification</a>, <a href="https://publications.waset.org/abstracts/search?q=percentile-based%20optimization" title=" percentile-based optimization"> percentile-based optimization</a> </p> <a href="https://publications.waset.org/abstracts/90749/a-comparative-study-of-sampling-based-uncertainty-propagation-with-first-order-error-analysis-and-percentile-based-optimization" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/90749.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">240</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4789</span> Estimating CO₂ Storage Capacity under Geological Uncertainty Using 3D Geological Modeling of Unconventional Reservoir Rocks in Block nv32, Shenvsi Oilfield, China</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ayman%20Mutahar%20Alrassas">Ayman Mutahar Alrassas</a>, <a href="https://publications.waset.org/abstracts/search?q=Shaoran%20Ren"> Shaoran Ren</a>, <a href="https://publications.waset.org/abstracts/search?q=Renyuan%20Ren"> Renyuan Ren</a>, <a href="https://publications.waset.org/abstracts/search?q=Hung%20Vo%20Thanh"> Hung Vo Thanh</a>, <a href="https://publications.waset.org/abstracts/search?q=Mohammed%20Hail%20Hakimi"> Mohammed Hail Hakimi</a>, <a href="https://publications.waset.org/abstracts/search?q=Zhenliang%20Guan"> Zhenliang Guan</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The significant effect of CO₂ on global climate and the environment has gained more concern worldwide. Enhance oil recovery (EOR) associated with sequestration of CO₂ particularly into the depleted oil reservoir is considered the viable approach under financial limitations since it improves the oil recovery from the existing oil reservoir and boosts the relation between global-scale of CO₂ capture and geological sequestration. Consequently, practical measurements are required to attain large-scale CO₂ emission reduction. This paper presents an integrated modeling workflow to construct an accurate 3D reservoir geological model to estimate the storage capacity of CO₂ under geological uncertainty in an unconventional oil reservoir of the Paleogene Shahejie Formation (Es1) in the block Nv32, Shenvsi oilfield, China. In this regard, geophysical data, including well logs of twenty-two well locations and seismic data, were combined with geological and engineering data and used to construct a 3D reservoir geological modeling. The geological modeling focused on four tight reservoir units of the Shahejie Formation (Es1-x1, Es1-x2, Es1-x3, and Es1-x4). The validated 3D reservoir models were subsequently used to calculate the theoretical CO₂ storage capacity in the block Nv32, Shenvsi oilfield. Well logs were utilized to predict petrophysical properties such as porosity and permeability, and lithofacies and indicate that the Es1 reservoir units are mainly sandstone, shale, and limestone with a proportion of 38.09%, 32.42%, and 29.49, respectively. Well log-based petrophysical results also show that the Es1 reservoir units generally exhibit 2–36% porosity, 0.017 mD to 974.8 mD permeability, and moderate to good net to gross ratios. These estimated values of porosity, permeability, lithofacies, and net to gross were up-scaled and distributed laterally using Sequential Gaussian Simulation (SGS) and Simulation Sequential Indicator (SIS) methods to generate 3D reservoir geological models. The reservoir geological models show there are lateral heterogeneities of the reservoir properties and lithofacies, and the best reservoir rocks exist in the Es1-x4, Es1-x3, and Es1-x2 units, respectively. In addition, the reservoir volumetric of the Es1 units in block Nv32 was also estimated based on the petrophysical property models and fund to be between 0.554368 <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=CO%E2%82%82%20storage%20capacity" title="CO₂ storage capacity">CO₂ storage capacity</a>, <a href="https://publications.waset.org/abstracts/search?q=3D%20geological%20model" title=" 3D geological model"> 3D geological model</a>, <a href="https://publications.waset.org/abstracts/search?q=geological%20uncertainty" title=" geological uncertainty"> geological uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=unconventional%20oil%20reservoir" title=" unconventional oil reservoir"> unconventional oil reservoir</a>, <a href="https://publications.waset.org/abstracts/search?q=block%20Nv32" title=" block Nv32"> block Nv32</a> </p> <a 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