Relation between Models and PML
My question is probably a bit simple, but I wanted to clarify something.
What is the relation of Earthquake models and PML?
Are models a way to calculate PML? And are the PML the final "output" that we want?
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My question is probably a bit simple, but I wanted to clarify something.
What is the relation of Earthquake models and PML?
Are models a way to calculate PML? And are the PML the final "output" that we want?
Comments
Earthquake models calculate the PML. It is one of the things that you would look at, in addition to AEP (Aggregate Exceedance Probability) and OEP (Occurrence Exceedance Probability) curves and AAL (Average Annual Loss)
Awesome, thank you!