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02431 Risk Management
Danish title: Risikomanagement
Language:  Danish    ECTS-creditpoints:  5   
Type:  , open university
Class schedule:   F3-A
Exam schedule:   No exam
Recommended semester:  7th - 9th semester
Evaluation:  Approval of coursework/reports
Examination:  13-scale
Previous course:  04443
Prerequisites:  Knowledge of elementary theory of probability and statistics.
No credit points with:  04443 / C0406
Aim:  To introduce the participants to problems concerning:
1) decisionmaking under risk or uncertainty
2) use of probability theory and statistics to evaluate situations, where an incident with very small probability has unacceptable consequences.
Contents:  Discussion of the question:" How do we ought to actæ" and a corresponding discussion of different ethical theories. Discussion of the relation between a model and the reality being modelled by the model. Discussion of different interpretations of the mathematical concept of probability. Presentation of some fundamental probability models used for risk assesment. The theory is illustrated by means of examples where a technically acceptable solution is not necessarily acceptable from an ethical point of view.
Contact:  Niels Herman Hansen, building 321, (+45) 4525 3365, nhh@imm.dtu.dk
Department: 002 Informatics and Mathematical Modelling
Course URL:  http://www.imm.dtu.dk/courses/02431
Keywords:  risk analysis, risk assesment, risk evaluation, risk management, philosophy of science
Updated:  27-02-2001