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Use importance sampling in PRAS simulations #20

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josephmckinsey opened this issue Nov 15, 2024 · 0 comments
Open

Use importance sampling in PRAS simulations #20

josephmckinsey opened this issue Nov 15, 2024 · 0 comments

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@josephmckinsey
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As far as I know, PRAS does not have this capability.

In rare event simulations, techniques such as exponential tilting are used to sample distributions for more accurate estimates of long-tail estimates.

Similarly, we should consider whether we can somehow preferentially simulate outages (such as in an contingency study) and then re-weight their probabilities appropriately using our probabilistic model.

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