Monash University Handbooks 2008

ETX9520 - Quantitative methods for risk analysis

6 points, SCA Band 2, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Leader: Mr Bruce Stephens

Offered

Caulfield First semester 2008 (Day)
Caulfield Second semester 2008 (Day)
Caulfield Second semester 2008 (Off-campus)
Caulfield Second semester 2008 (Weekend On-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.

Objectives

The learning objectives of this unit are to:

Assessment

Within semester assessment: 45%
Examination (2 hours): 55%

Contact hours

3 hours per week

Prohibitions

ETX2011, ETX3011, BUS3800, BUS5800

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