UN 0701 - Engineering Risk and Reliability

This course presents a broad treatment of the subject of engineering decision, risk and reliability. Emphasis is on (1) the modeling of engineering problems and evaluation of systems performance under conditions of uncertainty; (2) risk‐based approach to life‐cycle management of engineering systems; (3) systematic development of design criteria, explicitly taking into account the significance of uncertainty; and (4) logical framework for risk assessment and risk benefit trade-offs in decision making. The necessary mathematical concepts are developed in the context of engineering problems. The main topics of discussion are probability theory, statistical data analysis, component and system reliability concepts, time‐dependent reliability analysis, computational methods, life‐cycle optimization models and risk management in public policy.