Decision-making and Risk Management
| Title | Ανάλυση αποφάσεων και επικινδυνότητας / Decision-making and Risk Management |
| Code | ΠΠΒΑΑ03-2018 |
| Faculty | Engineering |
| School | Civil Engineering |
| Cycle / Level | 2nd / Postgraduate |
| Teaching Period | Winter |
| Common | Yes |
| Status | Active |
| Course ID | 600016654 |
Programme of Study: PMS PPVA 2018-2023
Registered students: 20
| Orientation | Attendance Type | Semester | Year | ECTS |
|---|---|---|---|---|
| KORMOS | Compulsory Course | 1 | 1 | 7 |
| Academic Year | 2023 – 2024 |
| Class Period | Winter |
| Faculty Instructors | |
| Class ID | 600239477
|
Course Type 2021
Specialization / Direction
Course Type 2016-2020
- Scientific Area
Course Type 2011-2015
Knowledge Deepening / Consolidation
Mode of Delivery
- Face to face
Digital Course Content
- e-Study Guide https://qa.auth.gr/en/class/1/600239477
- eLearning (Moodle): https://elearning.auth.gr/course/view.php?id=5989
Language of Instruction
- Greek (Instruction, Examination)
Prerequisites
General Prerequisites
None
Learning Outcomes
The aim of this course is for students to comprehend the basic principles and practice in applying techniques of decision-making and risk management. After successfully attending the course the postgraduate student should be capable of:
1. Structuring and resolving a single- or multi-criteria decision-making problem with the use of quantitative and qualitative methods.
2. Understanding the notions of risk, uncertainty, utility and reliability.
3. Analyzing the risk management framework through the lens of relative standards, laws and regulations, scientific advances and practical approaches on the field.
4. Implementing the risk identification and qualitative risk analysis processes.
5. Understanding the fundamentals of the quantitative risk analysis process.
6. Structuring decision trees on various types of decision and risk analyses.
7. Using graph theory techniques for decision-making.
General Competences
- Apply knowledge in practice
- Make decisions
- Work autonomously
- Work in teams
- Work in an international context
- Work in an interdisciplinary team
- Design and manage projects
Course Content (Syllabus)
The decision-making framework: Structure and analysis. Qualitative and quantitative approaches and methods for resolving single- or multi-criteria decision-making problems. Analysis of the notions of risk and uncertainty. Standards, laws and regulations, scientific advances and practical approaches on the field. Risk management processes: Content and Outputs, Techniques and application examples of risk identification and qualitative risk analysis. Decision trees. Utility theory. Graph theory. Reliability theory.
Keywords
Decision-making, Risk management
Educational Material Types
- Slide presentations
Use of Information and Communication Technologies
Use of ICT
- Use of ICT in Course Teaching
- Use of ICT in Communication with Students
Description
Exploitation of the course's e-platform (elearning)
Course Organization
| Activities | Workload | ECTS | Individual | Teamwork | Erasmus |
|---|---|---|---|---|---|
| Lectures | 50 | 2 | ✓ | ||
| Reading Assigment | 120 | 4.8 | ✓ | ||
| Interactive Teaching in Information Center | 2 | 0.1 | ✓ | ||
| Exams | 3 | 0.1 | ✓ | ||
| Total | 175 | 7 |
Student Assessment
Description
Written exams 100%
Student Assessment methods
- Written Exam with Multiple Choice Questions (Summative)
- Written Exam with Short Answer Questions (Summative)
- Written Exam with Extended Answer Questions (Summative)
- Written Exam with Problem Solving (Summative)
Last Update
08-11-2023
