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» Personal Loan No Credit Check, Online Economics » Management » Topics begins with W » Worst Case


Page modified: wtorek, lipiec 12, 2011 22:16:12

The expression Worst Case designates the worst or the most unfavorable (the one which can be accepted) case. The opposite of the Worst Case is the Best Case.

Economics

In the economy the term is used particularly within the range of planning and prognosis. The meant Worst Case serves for being prepared also for the conceivablly most unfavorable development with the implementation of a plan. A related concept is the Advocatus diaboli, which transfers the role of a possible opponent to discussions. The Worst Case scenario concerns however above all "technical "aspects of a temporal development: the case of a system failure, adverse outside circumstances and the consequences resulting from which are to be mastered then. A popular assumption for the probability of entrance of a Worst Case is Murphys law: "Everything which go wrong can, will also go wrong. "

In planning processes it is important to recognize risks which could affect the accessibility of a set goal. The Worst Case acceptance works planning risks out. In the way of a risk analysis one can compile by means of brainstorming relatively easily, which factors of influence or resources could a special criticality have and a set planning objective prevent. One can list risks, whose prognosticate probability of entrance in a weighted matrix and which judge effect efficiency of a partial scenario.

During a project planning for example one can intervene and try in time steering, prevent an occurring of a risk systematically by counter measures and reduce the effects.

If one uses methods of the critical path method in the planning process, one can move and try along the determined critical path of planning of preventing systematically risks.

Computer science

In computer science the Worst Case designates the case, in which a certain algorithm or a certain data structure needs a maximum at time or storage location. Particularly with time-critical applications or devices with relatively little storage location their correct selection is of great importance.

Health range

In connection with Pandemien one sets up Worst Case scenarios.

See also

  • Expenditure
  • Overhead

Articles in category "Worst Case"

We found here 4 articles.

W

» Weitzman pattern
» Win Win
» Working group Interim management Provider
» Worst Case

Related Websites

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