IE 435 Risk AnalysisMEF UniversityDegree Programs Industrial Engineering (Minor)General Information For StudentsDiploma SupplementErasmus Policy Statement

ECTS Course Information Package

School/Faculty/Institute Faculty of Engineering
Course Code IE 435
Course Title in English Risk Analysis
Course Title in Turkish Risk Analizi
Language of Instruction EN
Type of Course Flipped Classroom,Lecture
Level of Course Advanced
Semester Spring
Contact Hours per Week
Lecture: 3 Recitation: 1 Lab: Other:
Estimated Student Workload 135 hours per semester
Number of Credits 6 ECTS
Grading Mode Standard Letter Grade
Pre-requisites MATH 228 - Probability and Statistics for Engineering II
Co-requisites None
Expected Prior Knowledge Prior knowledge of basic concepts of probability and statistics is expected
Registration Restrictions Only undergraduate students
Overall Educational Objective To acquire knowledge of quantitative analysis concepts with applications using modern tools
Course Description The aim of this course is to introduce important risk concepts and then to teach quantitative risk analysis and control techniques by engineering, economic, environmental and security aspects and to emphasize their role in decision support systems.

Course Learning Outcomes and Competences

Upon successful completion of the course, the learner is expected to be able to:
1) Understand important risk concepts to make appropriate analysis;
2) Make risk analysis and optimization with appropriate numerical methods;
3) Use risk as a decision support tool with different dimensions (security, environment, finance, etc.).
Program Learning Outcomes/Course Learning Outcomes 1 2 3

Relation to Program Outcomes and Competences

N None S Supportive H Highly Related
     
Program Outcomes and Competences Level Assessed by
Prepared by and Date ŞİRİN ÖZLEM , December 2023
Course Coordinator ŞİRİN ÖZLEM
Semester Spring
Name of Instructor

Course Contents

Week Subject
1) Historical notes and basic concepts, Semi quantitative risk assessment models
2) Review of probabilistic models
3) Review of statistical models
4) Weibull Analysis
5) Decision Making under Uncertainty
6) Decision Making under Risk
7) Uncertainty modeling and Risk Measurement (DT)
8) Uncertainty modeling and Risk Measurement (BN)
9) Midterm Exam
10) Uncertainty modeling and Risk Measurement (FT)
11) Monte Carlo Simulation
12) Linear and Logistic Regression
13) Project Presentations
14) Project Presentations
Required/Recommended ReadingsRequired: Lecture Notes Recommended: Probabilistic Risk Analysis-Foundations and Methods – Tim Bedford, Roger Cooke
Teaching MethodsFlipped classroom/Exercise/Active learning
Homework and ProjectsTerm Project
Laboratory Work
Computer UseStudents are expected to use computer programs for the course project.
Other Activities
Assessment Methods
Assessment Tools Count Weight
Project 1 % 20
Midterm(s) 2 % 80
TOTAL % 100
Course Administration sirin.ozlem@mef.edu.tr

Attendance/participation: According to YÖK regulations, students are required to attend at least 70% of the lectures. Students are expected to prepare for the lecture via pre-lecture videos and reading materials and attend the lectures. Formal use of e-mails: The course instructor assumes that any information sent through email will be received in 24 hours, unless a system problem occurs. Project: A term project will be assigned to be done in teams of four. Missing the midterm exam: Students missing the midterm exam should get a valid official document to prove their excuse. Missing a final: Faculty regulations. Inappropriate conduct, academic dishonesty and plagiarism are subject to YÖK Disciplinary Regulation.

ECTS Student Workload Estimation

Activity No/Weeks Hours Calculation
No/Weeks per Semester Preparing for the Activity Spent in the Activity Itself Completing the Activity Requirements
Course Hours 14 1.5 3 1.5 84
Project 1 20 9 29
Midterm(s) 1 15 2 17
Final Examination 1 10 2 12
Total Workload 142
Total Workload/25 5.7
ECTS 6