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A year loss table (YLT) is a table that lists historical or simulated years, with financial losses for each year. [ 1 ] [ 2 ] [ 3 ] YLTs are widely used in catastrophe modeling as a way to record and communicate historical or simulated losses from catastrophes.
Catastrophe modeling [1] (also known as cat modeling) is the process of using computer-assisted calculations to estimate the losses that could be sustained due to a catastrophic event such as a hurricane or earthquake.
Business continuity planning life cycle. Business continuity may be defined as "the capability of an organization to continue the delivery of products or services at pre-defined acceptable levels following a disruptive incident", [1] and business continuity planning [2] [3] (or business continuity and resiliency planning) is the process of creating systems of prevention and recovery to deal ...
On Thursday, Yellow Pages publisher R.H. Donnelley filed for bankruptcy, citing debts of $12.37 billion, against assets of $11.88 billion. This follows repeated requests for forbearance from ...
Disaster preparedness in museums, galleries, libraries, archives and private collections, involves any actions taken to plan for, prevent, respond or recover from natural disasters and other events that can cause damage or loss to cultural property. 'Disasters' in this context may include large-scale natural events such as earthquakes, flooding ...
IT disaster recovery (also, simply disaster recovery (DR)) is the process of maintaining or reestablishing vital infrastructure and systems following a natural or human-induced disaster, such as a storm or battle. DR employs policies, tools, and procedures with a focus on IT systems supporting critical business functions. [1]
A mobile emergency operations center, in this case operated by the Air National Guard. Emergency management (also disaster management) is a science and a system charged with creating the framework within which communities reduce vulnerability to hazards and cope with disasters. [1]
Disaster risk is the potential loss of life, injury, or destroyed or damaged assets that could impact a society or community. Disaster risk results from the interaction of three factors: hazard(s), vulnerability and exposure. [2]: 14 This is illustrated in the risk equation.