Testing how a problem solution reacts to changes in one or more of the model parameters in a decision problem is called:
A)analysis of trade-offs.
B)sensitivity analysis.
C)priority recognition.
D)analysis of variance.
E)decision analysis.

Question

Quizplus · Accepted Answer

Sensitivity analysis is a technique that helps decision-makers understand how their decisions might change in response to unexpected circumstances or uncertain variables. By varying the parameters of a decision problem, sensitivity analysis can show decision-makers which variables are most important to the outcome of the decision and which are less critical. This information can help decision-makers make more informed and robust decisions.

Testing How a Problem Solution Reacts to Changes in One