In this work we quantify the effect of uncertainty in volatility in the prices and Deltas of an American and European put using probabilistic uncertainty analysis. We review the current methods of uncertainty analysis including worst case or scenario analysis, Monte Carlo, and p…
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The use of Web standards, compact publication guidelines, and open data initiatives have motivated many public and private organisations to publish data on the Web, giving rise to a global data space. Consuming data from heterogeneous data sources published on the Web requires i…
In strongly heterogeneous natural porous media, fluid flow is subject to complex geological structure and uncertainties in subsurfaces. As a consequence, mathematical models governing flow of fluids in porous media possess uncertain physical coefficients such as permeability. Wi…
The management of technology portfolios is an important element of aerospace system design. New technologies are often applied to new product designs to ensure their competitiveness at the time they are introduced to market. The future performance of yet-to- be designed componen…
Modern design practices rely more and more on computer simulations due to their low cost compared with physical experiments. However, it is still an elusive task to fully unleash the advantages of the simulation models while mitigating their disadvantages for designing complex e…
Various uncertainty quantification methodologies are presented using a combination of several deterministic decline curve analysis models and two bootstrapping algorithms. The bootstrapping algorithms are the conventional bootstrapping method (CBM) and the modified bootstrapping…
Performance-based wind engineering has gained considerable interest among researchers and practicing engineers due to its potential benefits in improving structural performance, safety, and economy of buildings and other structures. One of the main requirements for successful im…
Plate tectonics convectively cools the Earth at present. Debate remains in defining plate tectonics as a dynamic system. What is the primary resistor to plate motions: plates, mantle viscosity, some mixture of the two? Here I shed some light on this debate. First, I quantify the…