ESD.72 Engineering Risk-Benefit Analysis

Class Info

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.

This class has no prerequisites.

ESD.72 will not be offered this semester. It will be instructed by G. Apostolakis.

This class counts for a total of 12 credits. This is a graduate-level class.

You can find more information on MIT OpenCourseWare at the Engineering Risk-Benefit Analysis site.

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