nexustandards.com/hazards · 3 taught
Hazards and Disaster Risk Reduction
NRS-C3 Hazard, exposure, vulnerability and capacity data; NRS-M4 Vulnerability, fragility and resilience
Illustrative: the exceedance probability of a hazard as a sheet, return-period isolines and simulated events
Risk Academy, led by the Nexus Consortium · Risk Science and Methods
The quantitative core: a rate becomes a return period, a return period becomes a lifetime probability, an event set becomes an exceedance curve, and every step carries an error that can be computed.
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Hazards and exposure
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Hazards and exposure, framed on Italy.Satellite and model products as NASA publishes them, each with its own date. They are indicators, not assessments of any place.
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The Nexus Standards the department teaches toward, grouped by master standard, with the disciplines that teach each.
nexustandards.com/hazards · 3 taught
NRS-C3 Hazard, exposure, vulnerability and capacity data; NRS-M4 Vulnerability, fragility and resilience
nexustandards.com/finance · 2 taught
NRS-F3 Insurance, catastrophe risk and protection gaps; NRS-M6 Catastrophe risk
nexustandards.com/data · 2 taught
NRS-C13 Risk indicators and composite indices; NRS-M1 Universal mathematics and statistics
nexustandards.com/digital-ai · 1 taught
NRS-C9 Risk models, methods and validation
Nexus Standards at the AcademyThe Academy proposes how each discipline teaches toward the Nexus Standards; the mapping is open for public review.
Research and preprints as they are published, by discipline, with the faculty's other tools.
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Quantitative risk analysis and statistics, Catastrophe, exposure and vulnerability modelling, Risk indicators and composite indices, Probabilistic forecasting and verification, AI and machine learning for risk analysis
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Key terms
This area covers the quantitative core of risk analysis: probability and return periods, loss metrics such as average annual loss and exceedance probability curves, Monte Carlo simulation, dependence, extreme value analysis, Bayesian updating and the programming tools used to apply them, together with the limits of qualitative matrices.
This area covers how risk is estimated from hazard, exposure and vulnerability: exposure data and building inventories, vulnerability and fragility functions, the components of catastrophe models, event sets and exceedance curves, secondary uncertainty and model validation, including open models.
This area covers how risk is summarised in indicators and composite indices: indicator selection, normalisation and weighting, aggregation, sensitivity and uncertainty analysis, data gaps, resilience measurement and the communication of indices such as the INFORM Risk Index without overstating what they show.
This area covers how risk is forecast as a calibrated probability distribution rather than a single value, and how forecasts are judged against what happened with proper scoring rules.
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