What is the meaning of sensitivity analysis? What are the two approaches one can take to determine how sensitive an optimal solution is to changes. What effect do changes on the right-hand side of the equation have on the final answer? What type of resource is affected by the right-hand side of the equation.

What is the meaning of sensitivity analysis? What are the two approaches one can take to determine how sensitive an optimal solution is to changes. What effect do changes on the right-hand side of the equation have on the final answer? What type of resource is affected by the right-hand side of the equation.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section9.2: Elements Of Decision Analysis

Problem 2P

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