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.
SES # |
TOPICS |
Part 1: Reliability and probabilistic risk assessment (RPRA) |
|
1 |
Introduction (PDF) RPRA 1: The logic of certainty (PDF) |
2 |
RPRA 2: Elements of probability theory (PDF) |
3 |
RPRA 3: Probability distributions (PDF) |
4 |
RPRA 3: Probability distributions (cont.) |
5 |
RPRA 4: Availability (PDF) |
6 |
RPRA 5: Data and epistemic uncertainties; statistics (PDF) |
7 |
RPRA 6: Probabilistic risk assessment (PDF) |
8 |
RPRA 6: Probabilistic risk assessment (cont.) |
9 |
RPRA 7: Risk management (PDF) |
10 |
Guest lecture |
11 |
Guest lecture |
12 |
RPRA quiz |
Part II: Decision analysis (DA) |
|
13 |
DA 1: The multistage decision model (PDF) |
14 |
DA 2: The value of perfect information (PDF) |
15 |
DA 3: The axioms of rational behavior (PDF) |
16 |
DA 4: Introduction to utility (PDF) DA 5: Risk aversion (PDF) |
17 |
DA 6: Multiattribute utility theory (PDF) |
18 |
DA 7: Decision analysis and risk management (PDF) |
19 |
Guest lecture |
20 |
DA quiz |
Part III: Cost-benefit analysis (CBA) |
|
21 |
CBA 1: Background and fundamental premises (PDF) |
22 |
CBA 2: The time value of money (PDF) |
23 |
CBA 3: Bases for comparison of alternatives (PDF) |
24 |
CBA 4: Including uncertainty (PDF) |
25 |
CBA 5: Evaluating public activities (PDF) |
26 |
Guest lecture |
27 |
CBA quiz |