ABSTRACT
Quantitative.risk.assessment.relies.on.models..A.model. is.an.abstraction.of.reality. used.to.gain.clarity.about.a.problem.or.its.solutions.by.reducing.the.variety.and.complexity.of.a.situation.to.a.level.we.can.understand..This.simplification.enables.us.to. gain. insight. into.systems,.processes,.events,.scenarios,.problems.and.their.possible. solutions..These.insights.can.help.us.understand.or.control.some.aspect.of.a.problem. or.opportunity..Models.help.us.to.address.complex.phenomena,.force.us.to.synthesize. knowledge,.and.enable.us.to.solve.problems,.test.hypotheses,.examine.strategies,.set. priorities,.and.communicate.all.of.this.to.others.in.a.cost-effective.and.time-efficient. manner. It. is.not.always.easy.to.understand.people.mean.when.they.use.the.word.model.
