Sensitivity analysis. Once you develop an optimal solution you would like to determine how sensitive it’s to tiny changes in underlying assumptions. the answer is often pretty stable…. or very volatile. very often it’s better to own an optimal solution but a stable one than an answer that appears optimal but can easily become your biggest nightmare. this kind of research you’ll be doing all the time: when picking the simplest place for your factory, deciding whether to enter a market, which investment strategy is the best, etc. In other words, always check how stable/sensitive your solution is.
Course Features
- Lectures 0
- Quizzes 0
- Duration 30 minutes
- Skill level All levels
- Language English
- Students 141
- Certificate Yes
- Assessments Self