Course ObjectiveAfter taking this course you will be able to:
i) explain the concepts of risk and uncertainty;
ii) recognize various forms of risk and uncertainty in situational
iii) explain and apply several methods to measure and manage risks (a.o.
Value at Risk, Expected Shortfall)
iv) explain and apply several methods to reduce or minimize risks (a.o.
v) understand the basics of extreme value theory, both in theory and in
Course ContentThis course is an introduction to the field of risk management. It
focuses on obtaining a broad understanding of the concepts of risk and
uncertainty and how they can arise in a variety of (not necessarily
financial) settings. The course builds upon knowledge acquired in other
Business Analytics courses, in particular Probability
Theory and Operations Research. The course is also closely related to
Project Business Analytics 2, which is taught simultaneously.
Teaching MethodsLectures and tutorial groups.
Method of AssessmentAssignments in groups of two students.
Entry RequirementsProbability Theory.
LiteratureTo be announced.
|Language of Tuition||English|
|Faculty||Faculty of Science|
|Course Coordinator||prof. dr. R.W.J. Meester|
|Examiner||prof. dr. R.W.J. Meester|
prof. dr. R.W.J. Meester
You need to register for this course yourself
Last-minute registration is available for this course.
|Teaching Methods||Seminar, Lecture|
This course is also available as: