Decision Analysis
Not what you're looking for?
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 goes into a great amount of detail regarding the question being asked. Step by step explanation is provided for each part of the question which makes it very easy to follow along for anyone with just a basic understanding of the concepts. Overall, an excellent response to the question being asked.
Solution Preview
Yes, decision analysis is susceptible to such a sensitivity analysis. This is because decision analysis may be considered as a type of quantitative ...
Purchase this Solution
Free BrainMass Quizzes
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.
Know Your Linear Equations
Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.
Solving quadratic inequalities
This quiz test you on how well you are familiar with solving quadratic inequalities.
Probability Quiz
Some questions on probability
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.