Engineering Risk Benefit Analysis

Course #OS4010

Est.imated Completion Time: 3 months


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 interprets 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. Prerequisites: None.

Offerings database access
Asset Publisher

Application Deadlines

  •  08 Jan 2024

    Spring Quarter applications due

  •  01 Apr 2024

    Summer Quarter applications due

  •  08 Jul 2024

    Fall Quarter applications due

Asset Publisher

Academic Calendar

  •  08 Dec 2023

    Last day of classes

  •  12 Dec 2023 – 14 Dec 2023

    Fall Quarter final examinations

  •  15 Dec 2023

    Fall Quarter graduation

See NPS Academic Calendar for more dates.