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Foundational Issues in Risk Analysis (RIS900)

In the course, fundamental principles for analyzing and managing risk will be discussed. Among the themes to be covered are: How to express risk and uncertainty? How to understand and use models? How to understand and use parametric probability distributions? How to use analyses in the decision-making process? Risk management strategies.


Course description for study year 2022-2023. Please note that changes may occur.

Facts
Course code

RIS900

Version

1

Credits (ECTS)

10

Semester tution start

Spring, Autumn

Number of semesters

1

Exam semester

Spring, Autumn

Language of instruction

English

Content
In the course, fundamental principles for analyzing and managing risk will be discussed. Among the themes to be covered are: How to express risk and uncertainty? How to understand and use models? How to understand and use parametric probability distributions? How to use analyses in the decision-making process? Risk management strategies. The course will start with relevant articles and books within the field, and themes to be covered in the course may vary. The course will have a seminar form, where the students will present and discuss problem issues associated with the content of selected books and articles. The course involves development, presentation, and defense of written assignments, and participation in discussions during the seminar meetings.
Learning outcome

After completing the course, the student shall:

Knowledge

  • have substantial insight in fundamental issues within risk analysis, as mentioned under "Content"

Skills

  • be able to formulate issues using a risk research perspective

General competence

  • be able to take a risk science perspective on real-life risk issues and problems
Required prerequisite knowledge
None
Recommended prerequisites
MOS210 Risk analysis and risk management, RAG500 Foundations of risk analysis and risk science, RIS500 Risk analysis and risk management, RIS505 Foundations of risk analysis and risk science
Exam
Form of assessment Weight Duration Marks Aid
Report(s) 1/1 Passed / Not Passed

Coursework requirements
Presentations
Course teacher(s)
Course coordinator: Terje Aven
Course teacher: Roger Flage
Course teacher: Terje Aven
Head of Department: Tore Markeset
Method of work
Guidance, presentations, critique.
Open for
PhD Programme in Science and Technology, specialisation in Risk Management and Societal Safety.
Literature
The syllabus can be found in Leganto