1. Sensitivity Analysis for Business, Technology, and Policymaking
- Author
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Kozlova, Mariia and Yeomans, Julian Scott
- Subjects
Engineering ,Mathematical modelling ,Computer modelling ,Simulations ,Monte Carlo simulation ,Uncertainty ,Risk ,Decision making ,Policymaking ,Investment analysis ,Sensitivity analysis ,Operations research ,Environmental issues ,thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research ,thema EDItEUR::U Computing and Information Technology::UB Information technology: general topics ,thema EDItEUR::P Mathematics and Science::PB Mathematics::PBW Applied mathematics::PBWH Mathematical modelling ,thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GP Research and information: general::GPS Research methods: general ,thema EDItEUR::U Computing and Information Technology::UY Computer science ,thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques::KJMV Management of specific areas::KJMV5 Production and quality control management - Abstract
SimDec is a revolution in decision-making support. SimDec “teases out” inherent cause-and-effect relationships and reveals the intricacy of relationships between sets of input and output variables. At its core, SimDec is an amalgamation of uncertainty and global sensitivity analysis with an innovative visualization technique. While straightforward and elegant, this novel approach significantly enhances the analytical capabilities of users by readily exposing seemingly, a priori, counterintuitive behaviours so that they can be readily understood by both technical specialists and non-technical users alike. This book is the first to articulate the ubiquitous applicability of SimDec and has been written by the leading proponents of the technique. The book provides the necessary background to fully understand the underlying approach and then demonstrates its applicability to a wide spectrum of fields, such as finance, entrepreneurship, energy, 3D manufacturing, geology, the environment, engineering, public policy, and even superconducting magnets. To facilitate as widespread adoption and penetration of SimDec as possible, all supporting computer codes are available, open-source, in Python, Julia, R, and Matlab. The innovative material will be of primary benefit to practitioners and researchers analyzing data from the social sciences, business, science, engineering, mathematics, and computing. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons [Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND)] 4.0 license.
- Published
- 2025
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