• Program Tuition: $4,500 USD
• Program tuition includes course materials

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Program Overview

The techniques of analysis of engineering systems for risk management decisions involving trade-offs (technical, human, environmental aspects).

Elements of decision analysis; probabilistic risk analysis (fault trees, event trees, systems dynamics); economic analysis of failure consequences (human safety and long-term economic discounting); and case studies of Public and private sectors. Prerequisites: probability, decision analysis, stochastic processes, and convex optimization.