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Sensitivity Analysis: An Introduction for the Management Scientist

Sensitivity Analysis: An Introduction for the Management Scientist

Hardcover

Series: International Operations Research & Management Science, Book 251

Business GeneralManagementProbability & Statistics

ISBN10: 3319522574
ISBN13: 9783319522579
Publisher: Springer
Published: Apr 27 2017
Pages: 294
Weight: 1.35
Height: 0.75 Width: 6.14 Depth: 9.21
Language: English
Setup of Sensitivity Analysis.- Deterministic Methods.- Tornado Diagrams.- One-way Sensitivity Analysis.- General Relationship Between One-way Sensitivity Functions and Tornado Diagrams.- Do One-way Sensitivity Functions Remedy the Limitations of Tornado Diagrams?.- Differentiation-Based Methods.- An Application: Classical Optimization.- From Infinitesimal to Finite Changes: Generalized Tornado Diagrams.- Estimation and a Computational Shortcut.- Multilinear Functions: Taylor vs Functional ANOVA Expansions.- What to Use and When.- Value of Information.- Local Sensitivity Analysis with Constraints.- Probabilistic Sensitivity Methods.- Uncertainty Analysis.- Global Sensitivity Analysis.- Variance-Based Methods.- Managerial Insights.- The -Importance Measure.- Propoerties.- An Example.- Managerial Interpretation.- CDF-Based Sensitivity Measures.- Transformation Invariant Sensitivity Measures.- Global Sensitivity Analysis with Value of Information.- Exercising in Global Sensitivity Analysis: Test Cases.- Additional Results on the Analytical Properties of High Dimensional Model Representations.- Managerial Insights.- Applications.- Local Sensitivity Analysis in Capital Budgeting.

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