* CEE 460 Graded A-F, P/D/F, Audit
Risk Assessment and Management
Fundamentals of integrated risk assessment and risk-based decision analysis. Stochastic models of natural and manmade hazards. Evaluation of failure chances and consequences. Decision criteria; acceptable risk. Risk control based on event tree, fault tree, system reliability, and random processes in space and time. Issues in risk-based regulation, liability, and insurance. Case studies involving energy-related technologies, the environment, civil infrastructure, and financial risk.
Sample reading list:
Vanmarcke, E, Random Fields:Analysis and Synthesis,
2nd Edition, World Scientific Co, 2010
See instructor for complete list
Weekly reading assignments. Term project ( requiring a written report). Students are expected to read a total of 20 pages per week.
Mid Term Exam - 20%
Other Exam - 20%
Term Paper(s) - 40%
Problem set(s) - 20%
Prerequisites and Restrictions:
ORF 245 or similar basic probability statistics course.
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