Ad
related to: sensitivity analysis chart excel
Search results
Results from the WOW.Com Content Network
Completed Tornado Diagram. Tornado diagrams, also called tornado plots, tornado charts or butterfly charts, are a special type of Bar chart, where the data categories are listed vertically instead of the standard horizontal presentation, and the categories are ordered so that the largest bar appears at the top of the chart, the second largest appears second from the top, and so on.
Sensitivity analysis. Sensitivity analysis is the study of how the uncertainty in the output of a mathematical model or system (numerical or otherwise) can be divided and allocated to different sources of uncertainty in its inputs. [1][2] This involves estimating sensitivity indices that quantify the influence of an input or group of inputs on ...
Variance-based sensitivity analysis. Variance-based sensitivity analysis (often referred to as the Sobol’ method or Sobol’ indices, after Ilya M. Sobol’) is a form of global sensitivity analysis. [1][2] Working within a probabilistic framework, it decomposes the variance of the output of the model or system into fractions which can be ...
Experimental uncertainty analysis. Experimental uncertainty analysis is a technique that analyses a derived quantity, based on the uncertainties in the experimentally measured quantities that are used in some form of mathematical relationship ("model") to calculate that derived quantity. The model used to convert the measurements into the ...
Techno-economic assessment or techno-economic analysis (abbreviated TEA) is a method of analyzing the economic performance of an industrial process, product, or service. The methodology originates from earlier work on combining technical, economic and risk assessments for chemical production processes. [1] It typically uses software modeling to ...
The Price Sensitivity Meter (PSM) is a market technique for determining consumer price preferences. It was introduced in 1976 by Dutch economist Peter van Westendorp. The technique has been used by a wide variety of researchers in the market research industry. The PSM approach has been a staple technique for addressing pricing issues for the ...
There exist many software tools that can automate sensitivity analysis to various degrees. Here is a non-exhaustive list. Most of these tools have multiple options, including one-at-a-time sensitivity analysis, multidimensional discrete parametric, continuous low-discrepancy distributions, and pareto-front optimization (listed alphabetically):
Additionally to the general motivations listed above, sensitivity analysis can help in a variety of other circumstances specific to business: To identify critical assumptions or compare alternative model structures. To guide future data collections. To optimize the tolerance of manufactured parts in terms of the uncertainty in the parameters.
Ad
related to: sensitivity analysis chart excel