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Stochastic model definition

Stochastic model means a mathematical model involving random variable(s) in order to estimate probability distributions of potential outcomes.
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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”.
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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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Stochastic model predictive control can be used to improve the utilization of renewable energy sources, while keeping a storage device (i.e., a battery) to its maximum charging state and minimizing the power generated by micro-CHP plants [54].

  • Stochastic model is the one with uncertainties in both arrival rate and service rate and let job with infinite number of tasks ranging from T0 to T∞ arrives.

  • Stochastic model has the risk of deviation in the last few generations in subplot (c); FSOM gains no feasible candidate (i.e. candidate without penalty) in both 9th and 20th generations in subplot (d), which endangers the feasibility of the following generations.

Related to Stochastic model

  • Park model means a recreational vehicle intended for permanent or semi-permanent installation and is used as a primary residence;

  • Base Case Financial Model means a financial model prepared by the Borrower forecasting cash flows, including all funding sources and expenditures of the Project and the availability of Sales Tax Revenues and Debt Service for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.

  • Financial Model means the financial model adopted by Senior Lenders, setting forth the capital and operating costs of the Project and revenues therefrom on the basis of which financial viability of the Project has been determined by the Senior Lenders, and includes a description of the assumptions and parameters used for making calculations and projections therein;

  • Model shall refer to a particular brand of Vehicle sold by an OEM (e.g., Taurus, Tahoe, Grand Caravan).

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

  • Linker means an employee engaged in operating a linking machine;

  • Clinker means the product of a Portland cement kiln from which finished cement is manufactured by milling and grinding.

  • Sponsor Model means the Sponsor’s financial model, dated June 26, 2018, used in connection with the syndication of the Credit Facility.

  • Black means South African Blacks, Coloureds and Indians, as defined in the B-BBEE Act, 53 of 2003

  • Matrix (1 2 8 9) means a substantially continuous phase that fills the space between particles, whiskers or fibres.

  • Base Case Model means the financial model and statements including profit and loss, balance sheet and financial projections reflecting the forecasted consolidated financial conditions of the Group for the term of this Agreement (for these purposes assuming both before and after the incurrence of the indebtedness under the Finance Documents), each in form and substance satisfactory to the Finance Parties addressed to, and/or capable of being relied upon by the Finance Parties.

  • Global Operating Model means the global network that conducts State Street’s business in multiple locations across North America, Europe and Asia with significant operational hubs in China, India and Poland, using automated processes and established globally consistent procedures, controls and training.

  • MiFID II means Directive 2014/65/EU on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU,

  • Methodology means a document describing how a designated benchmark administrator determines a designated benchmark;

  • Dynamic driving task means the same as that term is defined in Section 41-26-102.1.

  • Modern biotechnology means the application of:

  • NEO or “named executive officer” means each of the following individuals:

  • BOM means Board of Management.

  • Reliability pricing model or "RPM" means PJM's capacity-

  • POPI means the Protection of Personal Information Act, 4 of 2013;

  • McDaniel means McDaniel & Associates Consultants Ltd., independent petroleum consultants

  • Manifest tracking number means the alphanumeric identification number (i.e., a unique three letter suffix preceded by nine numerical digits), which is pre-printed in Item 4 of the Manifest by a registered source.

  • DOCVARIABLE SWDocIDLocation" " = "1" " DOCPROPERTY "SWDocID" #4870-7680-5924v2" ""

  • Formula Price means the highest of: (a) the highest composite daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (b) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (c) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in Section 9 of the Plan as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, “Formula Price” shall mean the Fair Market Value of the Stock at the time of such exercise.

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.

  • Blendstock means and includes any petroleum product component of motor fuel, such as naphtha, reformate, or toluene; or any oxygenate that can be blended for use in a motor fuel.

Most Referenced Clauses

Most Referenced Definitions