|Study program: Mechanical engineering|
|Type and level of studies: Doctoral studies|
|Course unit: Modeling & Measuring of Risk|
|Course code: DS31009|
|Teacher in charge: Prof. Dr. Mirko Djapic|
|Language of instruction: English|
|Course unit objective:
Introduce students with advanced concepts and methods for modeling and measurement of risk in engineering and management.
|Learning outcomes of the course unit
Students should acquire knowledge and skills that will enable them to recognize the risks in its problems, modeling it using modern mathematical tools such as Bayesian belief networks and a evidence network (based on the Dempster-Shafer theory of belief functions).
|Course unit contents
Historical development of the concept of risk, basic concepts and standardization of risk (ISO 31000:2009), Enterprise risk management concept (ERM), Risk assessment in different business processes, Risk as a basis for product conformity assessment, Risk assessment in standardized management systems, Mathematical tools for modeling and measurement of risk, Application of Dempster Shafer theory (evidence networks) and Bayesian networks in modeling risk.
A student project consists of modeling risks in the selected problem by the evidence networks