Risk-based Engineering

About

Considerations of risk reduction to minimum and acceptable level is integral to design, operations and regulation of complex engineering systems. Traditionally, risk and reliability aspects were addressed employing qualitative and experienced-based approaches that, at times, tends to be arbitrary as they were not based on quantitative metrics of risk and reliability.

This course on Risk-based engineering presents an integrated model where the deterministic and probabilistic approaches compliment and supplement each other towards providing a more holistic framework for safety assessment and management for complex engineering systems. Further, this framework extends the science of probabilistic risk assessment and reliability engineering to include the state-of-the-art in physics-of-failure, prognostics & health management, human reliability and uncertainty prediction to make this approach more rational based. This model is expected to address the requirement of real-time advanced engineering system, more effectively.

This course is based on a book entitled ‘Risk-based Engineering’ co-authored by Prabhakar V Varde and Michael Pecht, published by Springer in 2018. The main objective was to extend the current state-of-the art in risk-informed approach to risk-based engineering. Risk-based engineering is an applied subject that has been developed based on, over 20 years of experience in the area of risk and reliability and its applications to complex engineering systems. Risk-based engineering is an interdisciplinary subject and the lectures provides concepts, fundamentals, techniques, methods, and complex modelling requirements such that, risk and reliability targets can be achieved for engineering systems.

Intended audience: Ph. D. students and researchers in engineering sciencesDisclaimerThis course on Risk-based Engineering offered through the NPTEL platform, where the objective is to share the experience and expertise of the instructor with scholars, working…