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Created by:
Last updated:
September 27, 2022
Duration:
Unlimited Duration
FREE
This course includes:
Unlimited Duration
Badge on Completion
Certificate of completion
Unlimited Duration
Description
ERBA (ESD.72) emphasizes three methodologies - reliability and probabilistic risk assessment (RPRA), decision analysis (DA), and cost-benefit analysis (CBA).
In this class, the issues of interest are: the risks associated with large engineering projects such as nuclear power reactors, the International Space Station, and critical infrastructures; the development of new products; the design of processes and operations with environmental externalities; and infrastructure renewal projects.
Course Curriculum
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- Introduction Unlimited
- RPRA 1: The logic of certainty Unlimited
- RPRA 2: Elements of probability theory Unlimited
- RPRA 3: Probability distributions Unlimited
- RPRA 4: Availability Unlimited
- RPRA 5: Data and epistemic uncertainties; statistics Unlimited
- RPRA 6: Probabilistic risk assessment Unlimited
- RPRA 7: Risk management Unlimited
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- DA 1: The multistage decision model Unlimited
- DA 2: The value of perfect information Unlimited
- DA 3: The axioms of rational behavior Unlimited
- DA 4: Introduction to utility Unlimited
- DA 5: Risk aversion Unlimited
- DA 6: Multiattribute utility theory Unlimited
- DA 7: Decision analysis and risk management Unlimited
- CBA 1: Background and fundamental premises Unlimited
- CBA 2: The time value of money Unlimited
- CBA 3: Bases for comparison of alternatives Unlimited
- CBA 4: Including uncertainty Unlimited
- CBA 5: Evaluating public activities Unlimited
About the instructor
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Massachusetts Institute of Technology
