Factorial Design Applications in Sensitivity Analysis

被引:0
|
作者
Tapan P. Bagchi
Shu Lin
机构
[1] Institute of Technology Kanpur,Department of Industrial and Management Engineering
[2] University of Toronto,Department of Mechanical and Industrial Engineering
关键词
D O I
10.1007/BF03398529
中图分类号
学科分类号
摘要
This paper present a direct yet effective method to determine the sensitivity of managerial decisions to a multitude of inherent assumptions and factors. The approach used the factorial design framework to uncover the critical individual uncertainties and assumptions and their interactions, with the objective of improving the overall quality of the decision and assisting in the development of contingency plans. A real life case study is used to compare this appioach with the conventional sensitivity analysis methodology.
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页码:242 / 258
页数:16
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