ETX9520

Quantitative methods for risk analysis

(BUS)

Proposed to be offered next in 2002

Mr Bruce Stephens

6 points + 3 hours per week + First semester + Caulfield, OCDL

Synopsis: Topics include the need for risk analysis and the costs involved; the nature of risk and human behaviour; risk identification and measurement techniques most commonly used in industry, including physical inspections, check lists, organisational charts, flow charts, hazard and operability studies, fault trees and hazard indices; fundamental statistical analysis, including the use of probability and probability distributions and the use of simulation models; reports and the techniques of report writing.

Assessment: 3 minor assignments: 20% each + Examination (3 hours): 40%