Engineering Risk-Benefit Analysis

Fault-tree diagram showing system failure as the result of all three components failing, or any set of two out of three components.

For a system with three components that fails if 2 or more components fails, the probability of overall system failure can be calculated with the help of a fault-tree. (Figure by Prof. Apostolakis.)

Instructor(s)

MIT Course Number

ESD.72 / 1.155 / 2.963 / 3.577 / 6.938 / 10.816 / 16.862 / 22.82

As Taught In

Spring 2007

Level

Graduate

Cite This Course

Course Features

Course Description

ERBA (ESD.72) emphasizes three methodologies - reliability and probabilistic risk assessment (RPRA), decision analysis (DA), and cost-benefit analysis (CBA). In this class, the issues of interest are: the risks associated with large engineering projects such as nuclear power reactors, the International Space Station, and critical infrastructures; the development of new products; the design of processes and operations with environmental externalities; and infrastructure renewal projects.

Apostolakis, George. ESD.72 Engineering Risk-Benefit Analysis, Spring 2007. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/engineering-systems-division/esd-72-engineering-risk-benefit-analysis-spring-2007 (Accessed). License: Creative Commons BY-NC-SA


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