Purchase Solution

Quantitative Methods

Not what you're looking for?

Ask Custom Question

I need help on this question-

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?

Purchase this Solution

Solution Summary

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.

Solution Preview

Yes, decision analysis is susceptible to such a sensitivity analysis. It can be conducted by changing one of ...

Purchase this Solution

Free BrainMass Quizzes
Multiplying Complex Numbers

This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.

Geometry - Real Life Application Problems

Understanding of how geometry applies to in real-world contexts

Graphs and Functions

This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.

Solving quadratic inequalities

This quiz test you on how well you are familiar with solving quadratic inequalities.

Exponential Expressions

In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.