Sensitivity Analysis
• Sensitivity analysis attempts to assess the impact of a change in the input data or parameters on the proposed solution.
• Sensitivity allows flexibility and adaptation to changing conditions and to the requirements of different decision-making situations.
• Sensitivity analysis tests relationships such as the following:
• The impact of changes in external (uncontrollable) variables and parameters on the outcome variables(s)
• The impact of changes in decision variables on the outcome variable(s).
• The effect of uncertainty in estimating external variables
• The effects of different dependent interactions among variables
• The robustness of decisions under changing conditions