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TAFUR MARIN INGENIERIA ESTRUCTURAL SAS
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Eng. Olga Marin, C.Eng, M.ASCE
TAFUR MARIN INGENIERIA ESTRUCTURAL SAS
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RE: How do you distinguish between risk and uncertainty?
Posted By
Olga Marin
01-28-2026 09:07 PM
Found In
Egroup:
Risk Management
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Thanks for the clarification. I'm not a risk-management specialist, but I'm very interested in this topic because, as engineers, we deal with risk and uncertainty every day and still have to make decisions. I agree that, in practice, it is often more useful to focus on likelihood, consequences, consequence ...
RE: How do you distinguish between risk and uncertainty?
Posted By
Olga Marin
01-27-2026 03:34 PM
Found In
Egroup:
Risk Management
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view thread
I like your proposal. To keep it simple and consistent with Frank Knight: Risk: The possible outcomes are known, and probabilities can be assigned to them. Uncertainty: The possible outcomes, their probabilities, or both are not known. In real life many "risk models" are in fact uncertainty models ...
RE: When is overdesign the correct design?
Posted By
Olga Marin
07-21-2025 11:17 AM
Found In
Egroup:
Professional and Career Topics
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Overdesign in structural systems is often necessary to achieve simplicity in construction. For instance, reducing the number of different section types can make the structure more economical to build and facilitate the procurement of materials. Overdesign may also be appropriate in contexts where material ...
RE: Evolution of design codes and standards
Posted By
Olga Marin
03-28-2023 08:02 AM
Found In
Egroup:
Integrated Buildings & Structures
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view thread
Thank you for the insightful analysis. It is true that are good reasons for our codes and standards to become increasingly prescriptive with time. However, I also believe that as engineers, we may be losing the sense and understanding of what we do. Nonetheless, your explanation of the reasons for the ...
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