Sensitivity analysis
Not what you're looking for?
A. how sensitive the decision maker is to risk.
b. changes in the number of states of nature.
c. changes in the values of the payoffs.
d. changes in the available alternatives.
Purchase this Solution
Solution Preview
Hi there,
<br>
<br>Your answer is C.
<br>
<br>Here is some info on sensitivity analysis:
<br>
<br>A sensitivity analysis is the process of varying model input parameters over a reasonable range (range of uncertainty in values of model parameters) and observing the relative change in model response. Typically, the observed changes in ...
Purchase this Solution
Free BrainMass Quizzes
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Motivation
This tests some key elements of major motivation theories.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.