Stochastic model definition

Stochastic model means a mathematical model involving random variable(s) in order to estimate probability distributions of potential outcomes.
Sample 1Sample 2Sample 3
Stochastic model means a model involving or containing a random variable or variables pertaining to chance or probability. (Germany) Propose to add per the comments under 3.9. deleting “stochastic”.
Sample 1

Examples of Stochastic model in a sentence

  • The Group has adopted a Stochastic model to calculate the fair value of options, which enables the Total Shareholder Return (TSR) performance condition attached to the awards to be factored into the fair value calculation.

  • Employee share options are valued in accordance with a Stochastic model and judgement is required regarding the choice of some of the inputs to the model.

  • The Group has used the Stochastic model to value the grants which is dependent upon factors including the share price, expected volatility and vesting period and the resulting fair value is amortised through the income statement over the vesting period.

  • Stochastic model allows to estimate the confining string ten- sion in terms of the vacuum fields.

  • Data - phase IT1 - Stochastic model - η = 2 ηref T1 - Stochastic model - η = ηref T1 - Stochastic model - η = 0.5 ηref T1 - Stochastic model - η → ∞T2 - Stochastic model - η = 2 ηref T2 - Stochastic model - η = ηref T2 - Stochastic model - η = 0.5 ηref PSE model Figure 6: Comparison of the calibrated model prediction and experimental data for the fast transient response.

  • Furthermore, one can recover an almost purely elastic response by doubling the drag coefficient (red symbols).The choice of the value of η has also a strong influence on the rate of the tension recovery in phase II, we checked that our choice allows to keep this rate in the physiological range, see section 4.1.1. 20 (a)−x˙c (µm s−1)15 Experimental data Stochastic model 4000 𝗌˙, W˙ (zJ s−1)3000(b) W˙ Exp.

  • To remedy this paucity, we used results from a series of simulations based on the Lagrangian Stochastic model of Mueller & Veron (2009) for wind speeds ranging from 0 m s−1 to 30 m s−1.

  • Stochastic model of T cell proliferation: a calculus revealing IL-2 regulation of precursor frequencies, cell cycle time, and survival.

  • Stochastic model Equations (2) can give rise to ei- ther a system of ODEs or to a stochastic process.

  • Stochastic model predictive control: an overview and prespecitve for future research.

Related to Stochastic model

  • Value engineering change proposal (VECP means a proposal that--

  • STSMA means the Sectional Titles Schemes Management Act 8 of 2011, as amended and include the Regulations issued under the said act;

  • KIID means key investor information document;

  • MiFID II means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments.

  • Cluster development means a contiguous cluster or

  • Cannabinoid extract means a substance obtained by separating cannabinoids from marijuana by:

  • alternate aerodrome means an aerodrome to which an aircraft may proceed when it becomes either impossible or inadvisable to proceed to or to land at the aerodrome of intended landing, where the necessary services and facilities are available, where aircraft performance requirements can be met and which is operational at the expected time of use. Alternate aerodromes include the following:

  • Available resources means funds appropriated for the

  • Polystyrene foam means blown polystyrene and expanded and

  • Total tetrahydrocannabinol means the same as that term is defined in § 3.2-4112.

  • Value Engineering (VE) means a discipline of engineering that studies the relative monetary values of various materials and construction techniques, including the intial cost, maintenance cost, energy usage, replacement cost, and life expectancy of the materials, equipment or systems under consideration.

  • Flexible vinyl adhesive means an aerosol adhesive designed to bond flexible vinyl to substrates. Flexible vinyl means a nonrigid polyvinyl chloride plastic with at least five percent, by weight, of plasticizer content. A plasticizer is a material, such as a high boiling point organic solvent, that is incorporated into a vinyl to increase its flexibility, workability, or distensibility, and may be determined using ASTM Method E260-91 or from product formulation data.

  • House dust mite product means a product whose label, packaging, or accompanying literature states that the product is suitable for use against house dust mites, but does not indicate that the product is suitable for use against ants, cockroaches, or other household crawling arthropods.

  • Option Exchange Ratio means the quotient of (i) the Common Per Share Consideration divided by (ii) the Acquirer Stock Price.

  • McDaniel means McDaniel & Associates Consultants Ltd.

  • Genetic resources means genetic material of actual or potential value;

  • Soft drinks means nonalcoholic beverages that contain natural or artificial sweeteners. "Soft drinks" does not include beverages that contain milk or milk products, soy, rice, or similar milk substitutes, or that contains greater than fifty per cent vegetable or fruit juice by volume.

  • Cropland means land used for the production of adapted crops for harvest, alone or in a rotation with grasses and legumes, and includes row crops, small grain crops, hay crops, nursery crops, orchard crops, and other similar specialty crops.

  • Topcoat means a coating that is applied over a primer on an aerospace vehicle or component for appearance, identification, camouflage, or protection. Topcoats that are defined as specialty coatings are not included under this definition.

  • NBOME means the National Board of Osteopathic Medical Examiners, an organization that prepares and administers qualifying examinations for osteopathic physicians.

  • Grab sample means an individual sample collected in less than 15 minutes in conjunction with an instantaneous flow measurement.

  • Alternative nicotine product means any noncombustible product containing nicotine that is intended for human consumption, whether chewed, absorbed, dissolved, or ingested by any other means. "Alternative nicotine product" does not include any nicotine vapor product, tobacco product, or product regulated as a drug or device by the U.S. Food and Drug Administration (FDA) under Chapter V (21

  • Anaerobic digester means a liquid manure storage area that is constructed with the intent to capture and combust gas emissions resulting from the digestion of waste by microbes in anaerobic conditions. An anaerobic digester is a LMSA and is required to comply with all requirements applicable to LMSAs. Requirements specific to anaerobic digesters will be noted when applicable.

  • Data Universal Number System (DUNS) Number means the 9-digit number assigned by Dun and Bradstreet, Inc. (D&B) to identify unique business entities.

  • OJEU means the Official Journal of the European Union.

  • Total Evaluated CRIS MW means the Additional CRIS MW requested plus either (i) if the Installed Capacity Supplier previously received an exemption under Sections 23.4.5.7.2(b), 23.4.5.7.6(b), 23.4.5.7.7 or 23.4.5.7.8, all prior Additional CRIS MW since the facility was last exempted under Sections 23.4.5.7.2(b), 23.4.5.7.6(b), or 23.4.5.7.8, or (ii) for all other Installed Capacity Suppliers, all MW of Capacity for which an Examined Facility obtained CRIS pursuant to the provisions in ISO OATT Sections 25, 30, or 32 (OATT Attachments S, X, or Z). For purposes of Section 23.4.5 of this Attachment H, “UCAP Offer Reference Level” shall mean a dollar value equal to the projected clearing price for each ICAP Spot Market Auction determined by the ISO on the basis of the applicable ICAP Demand Curve and the total quantity of Unforced Capacity from all Installed Capacity Suppliers in a Mitigated Capacity Zone for the period covered by the applicable ICAP Spot Market Auction. For purposes of Section 23.4.5 of this Attachment H, “Unit Net CONE” shall mean localized levelized embedded costs of a specified Installed Capacity Supplier, including interconnection costs, and for an Installed Capacity Supplier located outside a Mitigated Capacity Zone including embedded costs of transmission service, in either case net of likely projected annual Energy and Ancillary Services revenues, and revenues associated with other energy products (such as energy services and renewable energy credits, as determined by the ISO, translated into a seasonally adjusted monthly UCAP value using an appropriate class outage rate. The Unit Net CONE of an Installed Capacity Supplier that has functions beyond the generation or transmission of power shall include only the embedded costs allocated to the production and transmission of power, and shall not net the revenues from functions other than the generation or transmission of power.