Sensitivity - Mason academic research system (masongmuedu)灵敏度-梅森学术研究系统（masongmuedu）.pptVIP

Sensitivity Analysis: Chapter 5 What is it? – The answer to the question: “How would our decision (or recommendation) change if some of the numbers we used changed?” Why is it important? Much of what we use in decision analytic models is subjectively derived Many of the numbers we use are subject to measurement error or other sources of uncertainty It will help us understand the model better It will help us understand the decision problem better Sensitivity Analysis(continued) How do we do it? Important part of the modeling effort No structured procedure for doing it Requires common sense R