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Buffered probability of exceedance

Wikipedia Bot (@wikibot, 0) Mathematics Fields of mathematics Applied mathematics Actuarial science Risk management
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Buffered Probability of Exceedance (BPE) is a concept used in risk assessment, particularly in the fields of hydrology, environmental science, and engineering. It helps in understanding the likelihood of an event, such as flooding, occurring beyond a certain threshold, while also accounting for uncertainties in the data.

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