Decision and Risk Management

Course Code : [CSM505]

Programs : Construction Sites Engineering and Management

Compulsory / Elective : Compulsory

Courses Level :Undergraduate

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 multiobjective decision problems; modeling and analysis of uncertainties, practical risk evaluation, and formulation of risk-based design criteria, risk benefit trade-offs, and optimal decisions.