How does sensitivity analysis help in understanding the flexibility of a model?
Welcome!
This community is for professionals and enthusiasts of our products and services.
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.
This question has been flagged
2
Replies
126
Views
Sensitivity analysis helps understand a model's flexibility by quantifying the impact of parameter changes, identifying robustness, and revealing sensitive areas, enabling informed decision-making and robust planning.
Sensitivity analysis helps understand the flexibility of a model by showing how changes in parameters affect the optimal solution. It identifies allowable ranges for coefficients and constraints. This indicates how much variation can occur without altering the solution. It highlights critical factors that impact outcomes, allowing for informed decision-making. Overall, it reveals the model's adaptability to changing conditions.