CEE 491: Decision and Risk Analysis

Course Description

Development of modern statistical decision theory and risk analysis, and application of these concepts in civil engineering design and decision making; Bayesian statistical decision theory, decision tree, utility concepts, and multi-objective decision problems; modeling and analysis of uncertainties, practical risk evaluation, and formulation of risk-based design criteria, risk benefit trade-offs, and optimal decisions. 3 undergraduate hours. 3 or 4 graduate hours. Prerequisite: CEE 202.