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Credit Risk Assessment
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MOOC
Engineers in the automotive industry are required to understand basic safety concepts. With increasing worldwide efforts to develop connected and self-driving vehicles, traffic safety is facing huge new challenges. This course is for students or professionals who have a bachelor's degree in mechanical engineering or similar and who are interested in a future in the vehicle industry or in road design and traffic engineering. It's also of value for people already working in these areas who wantbetter insight into safety issues. This course teaches the fundamentals of active safety (systems for avoiding crashes or reducing crash consequences) as well as passive safety (systems for avoiding or reducing injuries). Key concepts include in-crash protective systems, collision avoidance, and safe automated driving. The course will introduce scientific and engineering methodologies that are used in the development and assessment of traffic safety and vehicle safety. This includes methods to study the different components of real-world traffic systems with the goal to identify and understand safety problems and hazards. It includes methods to investigate the attitudes and behavior of drivers and other road users as well as recent solutions to improve active safety. Italso includes methods to study human body tolerance to impact and solutions to minimize the injury risk in crashes. Study topics include crash data analysis and in-situ observational studies of drivers and other road users by the use of instrumented vehicles and roadside camera systems. Solutions in active safety, such as driver alertness monitoring, driver information as well as collision avoidance and collision mitigation systems, will be described. Examples of in-crash protective systems are combinations of traditional restraints such as seat belts and airbags but with advanced functions such as automatic adaption to the individual occupant as well as pre-collision activation based on advanced integrated sensor systems and communication systems. The course will be based on recorded lectures that use videos and animations to enhance the experience. Online tutorials that access simulation models will give the participants an experience of influencing parameters in active safety and passive safety systems. As a result of support from MathWorks, students will be granted access to MATLAB/Simulink for the duration of the course.
- Subjects:
- Transportation
- Keywords:
- Traffic safety Roads -- Design construction Motor vehicles -- Safety measures Automobile industry trade
- Resource Type:
- MOOC
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Courseware
This course explores perspectives in the policy process - agenda setting, problem definition, framing the terms of debate, formulation and analysis of options, implementation and evaluation of policy outcomes using frameworks including economics and markets, law, and business and management. Methods include cost/benefit analysis, probabilistic risk assessment, and system dynamics. Exercises include developing skills to work on the interface between technology and societal issues; simulation exercises; case studies; and group projects that illustrate issues involving multiple stakeholders with different value structures, high levels of uncertainty, multiple levels of complexity; and value trade-offs that are characteristic of engineering systems. Emphasis on negotiation, team building and group dynamics, and management of multiple actors and leadership.
- Subjects:
- Management
- Keywords:
- Policy sciences -- Economic aspects Political planning -- Economic aspects
- Resource Type:
- Courseware
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Courseware
Imagine that you are a bank and a main part of your daily business is to lend money. Unfortunately, lending money is a risky business – there is no 100% guarantee that you will get all your money back. If the borrower defaults, you will face losses in your portfolio. Or, in a bit less extreme scenario, if the credit quality of your counterparty deteriorates according to some rating system, the loan will become more risky. These are typical situations in which credit risk manifests itself. According to the Basel Accord, a global regulation framework for financial institutions, credit risk is one of the three fundamental risks a bank or any other regulated financial institution has to face when operating in the markets (the two other risks being market risk and operational risk). As the 2008 financial crisis has shown us, a correct understanding of credit risk and the ability to manage it are fundamental in today’s world. This course offers you an introduction to credit risk modelling and hedging. We will approach credit risk from the point of view of banks, but most of the tools and models we will overview can be beneficial at the corporate level as well. At the end of the course, you will be able to understand and correctly use the basic tools of credit risk management, both from a theoretical and, most of all, a practical point of view. This will be a quite unconventional course. For each methodology, we will analyse its strengths as well as its weaknesses. We will do this in a rigorous way, but also with fun: there is no need to be boring.
- Subjects:
- Management and Finance
- Keywords:
- Risk management Financial institutions Asset-liability management Bank loans -- Management Banks banking Credit analysis
- Resource Type:
- Courseware
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Courseware
This course focuses on national environmental and energy policy-making; environmental ethics; the techniques of environmental analysis; and strategies for collaborative environmental decision-making. The primary objective of the course is to help students formulate a personal theory of environmental planning practice. The course is taught comparatively, with constant references to examples from around the world. It is required of all graduate students pursuing an environmental policy and planning specialization in the Department of Urban Studies and Planning at MIT. This course is the first subject in the Environmental Policy and Planning sequence. It reviews philosophical debates including growth vs. deep ecology, "command-and-control" vs. market-oriented approaches to regulation, and the importance of expertise vs. indigenous knowledge. Emphasis is placed on environmental planning techniques and strategies. Related topics include the management of sustainability, the politics of ecosystem management, environmental governance and the changing role of civil society, ecological economics, integrated assessment (combining environmental impact assessment (EIA) and risk assessment), joint fact finding in science-intensive policy disputes, environmental justice in poor communities of color, and environmental dispute resolution. Environmental Problem-Solving (Susskind et. al, 2017, Anthem Press), a video-enhanced eBook, provides students with full access to all the assigned readings, faculty commentary on the readings, and examples of the best student performance on course assignments in previous years.
- Subjects:
- Environmental Policy and Planning
- Keywords:
- Environmental protection Environmental policy
- Resource Type:
- Courseware