Risk Analysis

The course provides an understanding of theories and methods of risk analysis and its role in decision analysis.

After completing the course, the student should be familiar with:

  • Theoretical aspects of the concept of risk and definitions of risk and uncertainty.
  • The risk analysis process.
  • Risk classification.
  • Risk assessment and quantitative risk indices for applications in safety and finance.
  • Cost-benefit analysis and multi-criteria decision analysis for the evaluation of risk management alternatives.
  • Risk analysis in vague and imprecise domains.



Teaching Format

The teaching activities consist of lectures and seminars.
The language of instruction is English.


Assessment

The course is examined through an on-campus written exam and assignments.

Examiner


The schedule will be available no later than one month before the start of the course. We do not recommend print-outs as changes can occur. At the start of the course, your department will advise where you can find your schedule during the course.


Note that the course literature can be changed up to two months before the start of the course.


Course reports are displayed for the three most recent course instances.