Minimum number of jobs to survive in a minimum chance scenario
Input(s)
Z: Number of Standard Deviation corresponds to a Certain Change (dimensionless)
: Standard Deviation of a Risky Job reduced to Present Value (fraction)
: Present Worth Expectation per a Risky Job ($)
Output(s)
: Minimum Number of Jobs to Survive in a Minimum Chance Scenario (dimensionless)
Formula(s)
Reference(s)
Serpen, U., Petroleum Economics, Course Notes, ITU Petroleum and Natural Gas Engineering, Istanbul, Turkey, (2008) Page: 99.