Search results
Results from the WOW.Com Content Network
Scenario planning differs from contingency planning, sensitivity analysis and computer simulations. [33] Contingency planning is a "What if" tool, that only takes into account one uncertainty. However, scenario planning considers combinations of uncertainties in each scenario.
Scenarios are one of the most popular and persuasive methods used in the Futurology. Government planners, corporate strategists and military analysts use them in order to aid decision-making. The term scenario was introduced into planning and decision-making by Herman Kahn in connection with military and strategic studies done by RAND in the 1950s.
Pierre Wack (1922–1997) was a French oil executive who was the first to develop the use of scenario planning in the private sector, at Royal Dutch Shell’s London headquarters in the 1970s. So successful was he that the Anglo-Dutch oil giant was able to anticipate not just one Arab-induced oil shock during that decade, but two.
Strategic assumptions surface and are usually identified when scenario planning is undertaken during a strategic planning process. The strategic assumptions surfacing and testing method ( SAST ) is one rigorous method of identifying strategic assumptions.
Scenario planning; Systems analysis; ... Each use case is a business scenario or event for which the system must provide a defined response. ... Wikipedia® is a ...
The scenario approach or scenario optimization approach is a technique for obtaining solutions to robust optimization and chance-constrained optimization problems based on a sample of the constraints. It also relates to inductive reasoning in modeling and decision-making.
Similar themes have emerged from the literatures on scenario planning, robust control, imprecise probability, and info-gap decision theory and methods. An early review of many of these approaches is contained in the Third Assessment Report of the Intergovernmental Panel on Climate Change, published in 2001.
This page was last edited on 21 June 2021, at 17:00 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...