Decision making under uncertainty¶
Wallace, S. W. (2000). Decision making under uncertainty: Is sensitivity analysis of any use?. Operations Research, 48(1), 20-25.
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Primes¶
- Sensitivity Analysis (in Operations Research)
- … *optimization produces specific recommendations under specific parameter assumptions; responsible decision-making requires understanding the robustness of those recommendations — which parameters matter, how uncertain they are, whether the decision would change under plausible alternative parameter values.
This sourceCritically examines the role and limits of sensitivity analysis in optimization-based decision-making.
- … *optimization produces specific recommendations under specific parameter assumptions; responsible decision-making requires understanding the robustness of those recommendations — which parameters matter, how uncertain they are, whether the decision would change under plausible alternative parameter values.
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