CAT - software development and distribution

The LRD project deals with the stochastic modeling of the random distribution of the loss ratios. The loss ratio is the ratio of repair cost to the replacement value of a building in case of a damage from natural disaster.

The aim of the LRD project is to formulate an efficient and reasonable distribution model, which can be easily implemented in a vulnerability model. The model should perform with just a few parameters and should be universal and flexible.