diff --git a/src/sections/absolute-damage.rst b/src/sections/absolute-damage.rst index d40d600..79c1c09 100644 --- a/src/sections/absolute-damage.rst +++ b/src/sections/absolute-damage.rst @@ -4,21 +4,29 @@ Absolute Damage Introduction ------------ -The absolute damage option allows model providers to include absolute damage amounts rather than damage factors in the -damage bin dictionary. If the damage factors are less than or equal to 1 in the damage bin dictionary, the factor will -be applied as normal during the loss calculation, by applying the sampled damage factor to the TIV to give a simulated -loss; but with absolute damage factors, where the factor is greater than 1, the TIV is not used in the calculation at -all, but rather the absolute damage is applied as the loss. +The absolute damage option allows model providers to include absolute damage amounts rather than damage factors in the +damage bin dictionary. -| +The damage bin dictionary supports the column `damage_type` which can be used to specify whether a given row corresponds +to a damage factor or absolute damage. + +By default the `damage_type=0`, in this case if the damage factors are less than or equal to 1 in the damage bin dictionary, the factor will +be applied as normal during the loss calculation, by applying the sampled damage factor to the TIV to give a simulated +loss; but when the factor is greater than 1, the TIV is not used in the calculation at all, but rather the absolute +damage is applied as the loss. **Example** - **Example 1:** if the sampled damage factor is 0.6 and the TIV is 100,000, the sampled loss will be 60,000 + **Example 1 (damage factor):** if the sampled damage factor is 0.6 and the TIV is 100,000, the sampled loss will be 60,000 - **Example 2:** if the sampled damage factor is 500 and the TIV is 100,000, the sampled loss will be 500 + **Example 2 (absolute damage):** if the sampled damage factor is 500 and the TIV is 100,000, the sampled loss will be 500 -| +A `damage_type=1` corresponds to the damage bin being treated as a damage factor. +A `damage_type=2` corresponds to the damage bin being treated as an absolute damage. +| An example toy model with the absolute damage factor option is availible to use from `here `_. \ No newline at end of file +OasisModels/tree/develop/PiWindAbsoluteDamage>`_. + +A more involved toy model incorporating the use of the `damage_type` in the damage bin dictionary in the context of +business interruption can seen `here `.