The main objective of this course is that students shall develop knowledge about risk-related phenomena and processes with the goal of being able to deal with risks in situations that are general and specific. A fundamental element in risk analysis is formal modeling with statistical analysis combined with experience and insight from various subject fields. The course aims to develop a statistical and probabilistic foundation and in such a way develop students’ ability to apply formal risk modelling, which in turn can be used in decision-making in times of uncertainty.
Upon completion of the course, students shall be able to:
- apply the foundations of probability theory, random variables, statistical distributions, and conditional probability.
- apply statistical estimation techniques of probabilities, risks, and other parameters.
- describe the scientific foundation for quantitative risk management.
- identify different types of uncertainty and how they can be addressed and handled in a risk analysis and evaluation context.
- perform scenario analysis
Forms of Study
The Swedish grades U–G.
- Bachelor’s degree in Statistics, Economics, Business Administration, Computer Science, Information Science or Informatics comprising at least 180 credits and English 6