Quantitative Methods
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A quantitative method may be sensitive to changes in the parameters involved in comparing alternatives. A careful analyst conducts a sensitivity analysis to see if the situation's outcome is susceptible to small changes in such parameters (say 5%). Is Decision Analysis susceptible to such a sensitivity analysis and how might it be conducted?
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The solution provides a brief answer to the question of sensitivity analysis and decision analysis. The solution is ideal for students looking for a brief and concise answer to the question. Overall, an excellent response.
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Yes, decision analysis is susceptible to such a sensitivity analysis. It can be conducted by changing one of ...
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