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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS IND 4915 RISK MANAGEMENT ELECTIVE 3 0 0 4

Offered By

Industrial Engineering

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR HASAN SELIM

Offered to

Industrial Engineering

Course Objective

The objective of this course is to provide students with an understanding of the concepts and methods of risk assessment and management, and to teach how to apply risk analysis and assessment in real world settings.

Learning Outcomes of the Course Unit

1   Achieve an understanding of the concepts and methods of risk assessment and management 2   Be able to explain enterprise risk management processes 3   Be able to use basic risk assessment and analysis tools 4   Be able to apply risk analysis and assessment in real world settings 5   Be able to discuss implementation issues

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 Introduction to Risk Concepts 2 Risk Management 3 Risk Management 4 Disaster Management, Crisis Management 5 Enterprise Risk Management 6 Enterprise Risk Management 7 Basic tools of risk assessment - risk assessment matrices, fault trees, event trees, simulation and statistical models, influence diagrams etc. 8 Basic tools of risk assessment 9 Basic tools of risk assessment 10 Midterm exam 11 Case Study and Discussion Paper Presentations 12 Case Study and Discussion Paper Presentations 13 Case Study and Discussion Paper Presentations 14 Case Study and Discussion Paper Presentations

Recomended or Required Reading

Textbooks: Risk Modeling, Assessment, and Management, Yacov Y. Haimes, John Wiley & Sons., 2004. Reference Books: Probabilistic Risk Analysis, T. Bedford, R. Cooke, Cambridge, 2001. Risk Analysis, T. Aven, Wiley, 2008. Enterprise Risk Management, J. Lam, John Wiley & Sons., 2003.

Planned Learning Activities and Teaching Methods

Lectures, Student presentations and Class discussions

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE MIDTERM EXAM 2 ASG ASSIGNMENT 3 FIN FINAL EXAM 4 FCG FINAL COURSE GRADE MTE * 0.25 + ASG * 0.25 + FIN * 0.50 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.25 + ASG * 0.25 + RST * 0.50 *** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

Tel: 301 76 18, e-mail: hasan.selim@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 13 3 39 Preparations before/after weekly lectures 13 1 13 Preparation for midterm exam 1 10 10 Preparation for final exam 1 10 10 Preparing presentations 1 25 25 Final 1 2 2 Midterm 1 2 2 TOTAL WORKLOAD (hours) 101

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 PO.11 PO.12 LO.1 5 4 4 4 4 4 5 5 LO.2 5 4 3 3 4 4 4 LO.3 5 5 5 4 4 3 4 5 LO.4 5 3 5 4 5 5 5 5 LO.5 5 3 4 3 3 4 4 4 5 5