Discounting Model

Class Name

RDiscountingModel

Location in Objects Pane

Models > Model > Consequence > Economic > Discounting

Model Description

Model Form

$${l_p} = {l_f} \cdot \exp \left( { - r \cdot t} \right)$$

For further information on this model, refer to Mahsuli, M., Haukaas, T. (2013) and Mahsuli, M., Haukaas, T. (2013).

DDM sensitivities

No

Properties

Object Name

Name of the object in Rt
Allowable characters are upper-case and lower-case letters, numbers, and underscore (“_”).
The name is unique and case-sensitive.

Display Output

Determines whether the model is allowed to print messages to the Output Pane

Future Value

\({l_f}\) = Future value

Time

\({t}\) = Time object

Annual Interest Rate

\({r}\) = Annual interest rate

Output

\({l_p}\) = Present value
The output is an automatically generated generic response object, which takes the object name of the model plus “Response”.

Right-click Menu

Remove

Removes the object.

References

Mahsuli, M., Haukaas, T. (2013) “Seismic risk analysis with reliability methods, part I: Models,” Structural Safety, 42, pp. 54-62 (DOI)
Mahsuli, M., Haukaas, T. (2013) “Seismic risk analysis with reliability methods, part II: Analysis,” Structural Safety, 42, pp. 63-74 (DOI)