Course content

The course is given every second year. Next time will be spring 2011.
Definition and discussion of the risk concept. Discussion of risk modelling and risk analysis in various sectors of industry. Definition and discussion of the concepts risk influencing factor and risk indicator. Description of the connection between risk indicators, risk influencing factors and the risk level by using an influence diagram. Quantification of risk influence by using different analytical methods. Analysis of historical data and the use of expert judgements to assess the parameters to apply in the risk modelling. Methods for analysing risk of integrated operations.

Learning outcome

By taking this subject, the student will: (i) become familiar with how to carry out a quantitative risk analysis in the various sectors of industry, (ii) understand how the risk may be surveyed in the operational phase, (iii) acquire insight into how risk indicators may be defined and used, (iv) get insight in how risk influence may be modelled and quantified, and(v) get an overview of how risk aspects in relation to integrated operations may be included in the risk analysis. Use of computerized tools for risk quantification

Learning methods and activities

Lectures, self studies and individual coursework. The coursework will count 50 % in the evaluation.

Recommended previous knowledge

Knowledge comparable to the subject TPK4120 Safety and Reliability Engineering.

Course materials

Course compendium, selected research reports and papers from journals and conferences (will be announced at the start of the course).

Credit reductions