Engineering Risk-Benefit Analysis
Lecture Notes
Acknowledgements
The lecture notes for Part II: Decision Analysis draw strongly on the 1978 course manual "Decision Analysis" by Professors Alvin Drake and Ralph Keeney. The notes for Part III: Cost-Benefit Analysis are derived from material first developed by Professor Amedeo Odoni.
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 SES #  | 
 TOPICS  | 
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 Part 1: Reliability and probabilistic risk assessment (RPRA)  | 
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 1  | 
 Introduction (PDF) RPRA 1: The logic of certainty (PDF)  | 
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 2  | 
 RPRA 2: Elements of probability theory (PDF)  | 
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 3  | 
 RPRA 3: Probability distributions (PDF)  | 
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 4  | 
 RPRA 3: Probability distributions (cont.)  | 
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 5  | 
 RPRA 4: Availability (PDF)  | 
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 6  | 
 RPRA 5: Data and epistemic uncertainties; statistics (PDF)  | 
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 7  | 
 RPRA 6: Probabilistic risk assessment (PDF)  | 
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 8  | 
 RPRA 6: Probabilistic risk assessment (cont.)  | 
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 9  | 
 RPRA 7: Risk management (PDF)  | 
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 10  | 
 Guest lecture  | 
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 11  | 
 Guest lecture  | 
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 12  | 
 RPRA quiz  | 
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 Part II: Decision analysis (DA)  | 
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 13  | 
 DA 1: The multistage decision model (PDF)  | 
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 14  | 
 DA 2: The value of perfect information (PDF)  | 
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 15  | 
 DA 3: The axioms of rational behavior (PDF)  | 
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 16  | 
 DA 4: Introduction to utility (PDF) DA 5: Risk aversion (PDF)  | 
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 17  | 
 DA 6: Multiattribute utility theory (PDF)  | 
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 18  | 
 DA 7: Decision analysis and risk management (PDF)  | 
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 19  | 
 Guest lecture  | 
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 20  | 
 DA quiz  | 
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 Part III: Cost-benefit analysis (CBA)  | 
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 21  | 
 CBA 1: Background and fundamental premises (PDF)  | 
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 22  | 
 CBA 2: The time value of money (PDF)  | 
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 23  | 
 CBA 3: Bases for comparison of alternatives (PDF)  | 
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 24  | 
 CBA 4: Including uncertainty (PDF)  | 
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 25  | 
 CBA 5: Evaluating public activities (PDF)  | 
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 26  | 
 Guest lecture  | 
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 27  | 
 CBA quiz  | 
