1 155 - Engineering Risk-Benefit Analysis

Institution:

Massachusetts Institute of Technology

Subject:

Description:

Emphasis on three methodologies pertaining to decision making in the presence of uncertainty: reliability and probabilistic risk assessment (RPRA), decision analysis (DA), and cost-benefit analysis (CBA). Risks of particular interest are those associated with large engineering projects such as the development of new products; the building, maintenance and operation of nuclear reactors and space systems. Presents and interprets some of the frameworks helpful for balancing risks and benefits in the situations that typically involve human safety, potential environmental effects, and large financial and technological uncertainties. Review of elementary probability theory and statistics included.

Credits:

3.00

Credit Hours:

Prerequisites:

Prereq: Calculus II (GIR)

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

web.mit.edu/student/

Phone Number:

(617) 253-1000

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Four-one-four plan

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