Research Article

[Retracted] Invested Costs and Risk Control Model of Social Governance Based on Fuzzy Algorithm

Table 2

Applicability of risk assessment methods.

Serial numberRecognition methodsApplicability

1Subjective estimation methodIt is applicable to information that is seriously insufficient or not available at all, which cannot be tested many times
2Probability distribution analysisIt is applied to determine the probability distribution of risk events and after risk occurs. The consequences can be quantified.
3Bias’s inference methodIt is applicable to risk events caused by many risk factors. The probability of risk factors and the probability of risk occurrence can be determined.
4Markov process analysisIt is suitable for dynamic risk process. It belongs to Markov process. The probability of shift can be determined and fixed.
5Monte Carlo simulationIt is applicable to the assessment of complex risk events with multiple risk factors.
6Fuzzy mathematics methodIt is applicable to risk with uncertainty, and uncertainty is often vague.