Engineering Systems Risk Benefit Analysis

Course #ME4702

Est.imated Completion Time: 3 months

Overview

This course emphasizes three methodologies, Decision Analysis (DA), Reliability and Probabilistic Risk Assessment (RPRA) and Cost-Benefit Analysis (CBA). The course is designed to give students an understanding of how these diverse topics can be applied to decision making process of product design that must take into consideration significant risk. The course will present and interpret a framework for balancing risks and benefits to applicable situations. Typically, these involve human safety, potential environmental effects, and large financial and technological uncertainties. Concepts from CBA and RPRA are applied for real world problems resulting in decision models that provide insight and understanding, and consequently, leading to improved decisions. Same course as OS4010.

Prerequisites

  • OS3104
Offerings database access
Asset Publisher

Academic Calendar

  •  09 Jun 2023

    Spring quarter last day of classes

  •  13 Jun 2023

    Spring quarter final examinations begin

  •  15 Jun 2023

    Spring quarter final examinations end