Absolute Damage =============== Introduction ------------ 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 (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 (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 `_. A more involved toy model incorporating the use of the `damage_type` in the damage bin dictionary in the context of business interruption can be seen `here `_.