ETX9520

Quantitative methods for risk analysis (6 points)

(BUS)

Leader: Mr Bruce Stephens

Offered:
Caulfield First semester 2003 (Day)
Caulfield Second semester 2003 (Day)
Caulfield Second semester 2003 (OCL)
Caulfield Second semester 2003 (On-campus)
Singapore Second semester 2003 (OCL)
UNILODGE Second semester 2003 (Off-campus)
Caulfield First semester 2004 (Day)
Caulfield Second semester 2004 (Day)
Caulfield Second semester 2004 (OCL)
Caulfield Second semester 2004 (On-campus)
Singapore Second semester 2004 (OCL)
UNILODGE Second semester 2004 (Off-campus)

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%

Contact Hours: 3 hours per week

Prohibitions: ETX3011, BUS3800, BUS5800