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NEWS & EVENTS

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Fundamentals of Quantitative Risk Assessment

10/01/2022 News Newsletter Professional Training Course

Politecnico di Milano held a professional training course on Quantitative Risk Assessment, providing essential knowledge and real-world applications.

The II edition of the professional training course: “Fundamentals of Quantitative Risk Assessment” organized by Politecnico di Milano, Italy took place in hybrid format from 16/09/2022 to 07/10/2022 (each Tuesday and Friday from 14:00 to 18:00 (Rome time)).

Its goal has been to provide the 14 participants (9 from university/research center and 5 from industry) the essential notions of probability and statistics with focus on failure time distributions, failure and repair parameters estimation (Maximum Likelihood Estimation (MLE) method, Bayesian method), methods for reliability analysis and risk assessment, including Fault Tree, Event Tree, Bow-Tie, Markov modelling, and a description of the Dependent/common cause failures models and importance measures. Finally, real applications of the concepts and methods illustrated in the course have been presented. Course participants have also been given the opportunity to discuss their experience and technical problems, related to methods and applications. 

The course has been officially supported by ESRA with two scholarships covering the registration fee of two PhD students. The 2022 scholarships have been offered to two PhD students, one from Politecnico di Milano, Italy and the other from City University of Hong Kong. 

In 2023, the XXV edition of the course “RAM&PHM 4.0: Advanced methods for Reliability, Availability, Maintainability, Prognostics and Health Management of industrial equipment” And the II edition of the Course “Advanced Quantitative Risk and Resilience assessment and management” will take place in take place at Politecnico di Milano, Italy on April 2023 and November 2023, respectively.

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