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Sensitivity Analysis—Trust the Answer?

Lecture no. 12 from the course: Mathematical Decision Making: Predictive Models and Optimization

Sensitivity Analysis—Trust the Answer?

Taught by Professor Scott P. Stevens | 31 min | Categories: The Great Courses Plus Online Mathematics Courses

How much can you change a parameter in a problem before you affect the optimal solution? How do you forecast the tipping point at which dramatic changes occur? Sensitivity analysis will do the trick. Investigate the application of this valuable tool to linear programs.