PPT-Uncertainty in Cost Estimates

Joseph B Kadane Carnegie Mellon University kadanestatcmuedu Prediction is difficult especially about the future Niels Bohr Robert Storm Peterson Yogi Berra Samuel Goldwyn Mark Twain. 1 Introduction 2 Demographic and other assumptions 3 Indicators from Spectrum Jake Blanchard. Spring 2010. Uncertainty Analysis for Engineers. 1. Introduction. We’ve discussed single-variable probability distributions. This lets us represent uncertain inputs. But what of variables that depend on these inputs? How do we represent their uncertainty?. Nick Bloom (Stanford & NBER). IMF Lectures, January 18. th. 2013. Talk summarizes a JEL draft with Fernandez-Villaverde and Schneider. Currently very scrappy and only the slides are on-line but hoping to post the paper on-line soon. Manipulating symbols. Last class. Typology of signs. Sign systems. Symbols. Tremendously important distinctions for informatics and computational sciences. Computation = symbol manipulation. Symbols can be manipulated without reference to content (syntactically. in the Defense Budget. Todd Harrison. Delays in Defense Appropriations Bills. 2. Average Delay FY77-FY13: . 43 days. Average Delay FY10-FY13: . 134 days. Budgetary Uncertainty. 3. Budgetary Uncertainty. for S2D forecasting. EUPORIAS wp31. Nov 2012, Ronald Hutjes. Background. S2D impact prediction. Uncertainty explosion / Skill implosion ??. SST. Weather. (Downscaling). Soil moisture. Plant productivity. . Avoidance. in 10 minutes. Geert Hofstede. January. 2015. Origin. of the term “. uncertainty. . avoidance. ”. One. of the . key. . concepts. in a “. behavioral. . theory. of the . firm. by Angela Campbell, Ph.D. and Andrew Cheng, Ph.D.. ICRAT. Angela Campbell, Ph.D.. June 21, 2016. The findings and conclusions in this paper are those of the author(s) and do not necessarily represent the views of the FAA. Saleem Bahaj & . Angus Foulis. 21st November 2016. The views expressed in this presentation are those of the presenter and not necessarily those of the . Bank of England or members of the MPC, FPC or PRA Board.. environmental research. Liew Xuan Qi (A0157765N). Cheong Hui Ping (A0127945W). Hong Chuan Yin (A0155305M). Best Practice Approaches for Characterizing, Communicating, and Incorporating Scientific Uncertainty in Climate Decision Making. Accuracy vs. Precision. What is the difference?. Accuracy vs. Precision. Precision . accuracy. Exactness. Divisions on scale. Reproducibility. Uncertainty. Significant digits. Correctness. Calibration. According to the . PMBOK. ®. Guide, . Project Cost Management knowledge area includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs to complete the project within the approved budget. Learning Objectives. Reimbursement. Grounds for Reimbursement & the Appropriate Agreements. Partial Reimbursement. Agreements. Filling out an Agreement. Reviewing an Agreement. Extraordinary Cost Agreement. Steven J. Robinson. Acting Director . Utility . & RR, . INDOT. June 8, 2016. Objectives. Reimbursement. Grounds for Reimbursement & the Appropriate Agreements. Partial Reimbursement. Agreements.