Risk over time

edo

May 2010
1
0
Any thoughts on the equation for increase risk over time. In business context the longer it takes to undertake something where a level of risk exists, the longer it is being undertaken the greater probability of risk.
 
May 2010
43
1
I suggest you use the Weibull distribution. This distribution can be used to model the probability of failure of "something" as a function of that "something's" life.