OS4011 Risk Benefit Analysis

This course emphasizes decision analysis, probabilistic risk assessment, and cost-benefit analysis in systems analysis and systems acquisition contexts. The course is designed to give students an understanding of how these diverse topics can be applied to a decision-making process that must take into consideration significant technological and financial risk. The course will present and interpret a framework for balancing risks and benefits to applicable situations. Typically, these involve large financial and technological uncertainties. Concepts are applied to real-world problems resulting in decision models that provide insight, understanding and improvement of acquisition decisions.

Prerequisite

OS3080, or an equivalent graduate level course in probability modeling

Lecture Hours

3

Lab Hours

2

Quarter Offered

  • As Required