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This function calculates the present value of future risk. See section 5.5 on page 32 in CNAIM (2021).
present_value_future_risk(pof, cof, r = 0.035)
A vector of the probability of failure of the asset over years
The consequence of failure of the asset
discount rate
present_value_future_risk(c(0.1, 0.2, 0.5), 100)
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