Finance
quantification procedure
Turkish: Sayisallastirma Proseduru (Quantification Procedure)
English Definition
A procedure that converts a magnitude, whether damage, risk exposure, work quantity or expected loss, into a numerical value by a defined method, fixing inputs, assumptions and calculation steps in advance so the result is reproducible. Agreeing the procedure beforehand reduces uncertainty by ensuring that, in a dispute, the parties argue over method rather than figure; in project contracts defining step by step how liquidated damages are computed largely neutralises the later argument over which base applies.
Türkçe Tanım
Bir buyuklugun, yani hasarin, risk maruziyetinin, is miktarinin ya da beklenen kaybin, tanimli bir yontemle sayisal degere donusturulmesini saglayan usuldur; girdilerin, varsayimlarin ve hesap adimlarinin onceden sabitlenmesiyle sonucun tekrarlanabilir olmasini amaclar. Prosedurun onceden mutabik kalinmasi, ihtilaf aninda taraflarin rakam uzerinde degil yontem uzerinde tartismasini sagladigindan belirsizligi azaltir; nitekim proje sozlesmelerinde gecikme tazminatinin nasil hesaplanacaginin adim adim tanimlanmasi, sonradan cikacak hangi baz alinacak tartismasini buyuk olcude etkisiz kilar.