ENCE7306 | RISK ANALYSIS

Risk identification (definition of risk, typology of risks and the precautionary principle, uncertainties in engineering problems, probabilistic risk and reliability) risk quantification (stochastic approach, fuzzy set theory, time dependence and system risk, risk assessment, risk management (performance indices and figures of merit), objective functions and optimization, basic decision theory, elements of the utility theory, urban hazard mitigation), case studies.