ECE/ENGR 531 Engineering Risk Analysis
Edwin K. P. Chong
NOTICE: January 18, 2016 (Monday) is a University
holiday (MLK Day). The first session for ECE/ENGR 531 is on January
The homework problems are posted on Canvas.
Other web pages and links
Project Management Institute website
Society for Risk Analysis (SRA) website
arguing that cultural and technological progress has stalled
because of poor risk management (December 3, 2014)
An IEEE Spectrum podcast on The
Benefits of Risk (December 22, 2011)
Article titled The 1%
Panic (Wall Street Journal, October 13, 2008)
about the recent financial crisis.
Another article about the recent financial crisis,
Mismanagement (The New York Times, January 2, 2009).
Article titled Perfect
Models, Imperfect World (BusinessWeek, January 12, 2009)
about the use of models.
Another article about the use of models, titled In
Plato's cave (The Economist, January 22, 2009).
Article titled How
Positive Thinking Wrecked the Economy (AlterNet, Posted September 26,
2008; Printed February 16, 2009).
(Wired Magazine, March 2009) has an interesting interview with Dan
diBartolomeo that is relevant to using rigorous analytical methods
in risk management.
interview of Howard Friedman and Leslie Martin (March 24,
2011) on their book, The Longevity Project. They find that, contrary to
popular belief, "cheerful and optimistic children are actually less
likely to live long lives." Why? Lack of risk management!
An article in the NY Times illustrating the need to consider not just the
probability of a risk but also the loss (consequence)
(November 8, 2011).
Article on " Fail often, fail
well" (The Economist, April 14, 2011.)
Does risk management involve negative thinking? See this
article titled The
Power of Negative Thinking (Wall Street Journal, December
Article on IDEO's credo, Fail
early and often to succeed sooner (Management Today, 1 August 2005).
[Unfortunately, link broken as of 1/27/2011.]
Article on globally
networked risks and how to respond, Nature 497, 51--59 (02 May 2013) doi:10.1038/nature12047.
Tom Wujec's TED
talk on systems thinking.
way to achieve your goals.
A research article on Optimization
of Risk Measures by Andrzej Ruszczynski and Alexander Shapiro.
A more complete treatment is this article by the same authors on Conditional
Systems engineering representation of
" Total Eclipse Of The Heart" and
" Hey Jude."
Dilbert on Engineers and social skills.
Please be aware that this web page and its related links may be updated from
time to time.
Please report any problems to Professor Chong via email:
Professor Edwin Chong,
This document was last modified
February 15, 2016.