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Sensitivity Analysis Techniques

Sensitivity analysis is used to determine how changes to independent variables will impact dependent variables under given assumptions. For example, climate models are complex, so the relationship between inputs and outputs is not fully understood. Range of optimality refers to the maximum and minimum values a study variable can have over time without changing its nature. It helps identify the best solution using optimal values without unduly impacting other variables. Supply and demand is an example, where supply varies with demand levels. Range of feasibility examines how changes to right-hand side constraint values impact solutions while keeping shadow prices and variables constant. It is bounded by constraints and resources, and limits the optimal solution by defining the scope of possible feasible solutions.

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30 views1 page

Sensitivity Analysis Techniques

Sensitivity analysis is used to determine how changes to independent variables will impact dependent variables under given assumptions. For example, climate models are complex, so the relationship between inputs and outputs is not fully understood. Range of optimality refers to the maximum and minimum values a study variable can have over time without changing its nature. It helps identify the best solution using optimal values without unduly impacting other variables. Supply and demand is an example, where supply varies with demand levels. Range of feasibility examines how changes to right-hand side constraint values impact solutions while keeping shadow prices and variables constant. It is bounded by constraints and resources, and limits the optimal solution by defining the scope of possible feasible solutions.

Uploaded by

Nigie Gualberto
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Sensitivity Analysis

Explanation:
Also known as “postoptimality”, it is a technique used to determine how independent variable
values will impact a particular dependent variable under a given set of assumptions and can be
used for any activity or system.
For example, climate models in geography are usually very complex. As a result, the exact
relationship between the inputs and outputs are not well understood.
Range of Optimality
Explanation:
It refers to the maximum and the minimum value a study variable can acquire in a given period
of time. The range of values should not change the nature of the variable under any
circumstances. It helps in obtaining the most feasible solution in which the best solution is
obtained by using the optimal values. However, the optimal values, thus, used should not cause
any undue impact on the independent variable.
 For example, supply of products is a variable which is greatly dependent on its demand in the
market. Whenever the demand is high, supply acquires a higher value, and whenever the
demand is low, supply acquires a lower value.
Range of Feasibility
Explanation:
Is concerned with the span of change in Right Hand Side (RHS) values for the constraints which
can vary along with the constant values of shadow or dual prices and variables in a solution
which will remain same. is determined by the mathematical technique and linear programming
method after attaining the optimum in solutions for issues and problems in operations.  
The range of feasibility is bounded by the constraints given and limited resources shown in
Right-Hand Side values and eventually, it limits the optimal solution. Theoretically, it is the span
from which a feasible solution can emerge or the scope of a feasible solution

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