Sensitivity Analysis

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Monte
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Sensitivity Analysis

Post by Monte »

Hello,

I am building a model to represent a disaster warning system. The goal is to see if the system performance is alright even under the extreme condition (i.e., worst-case). So, I run the model under that condition with every parameter value assigned for the most pessimistic condition.

Here, do I need to perform a comprehensive sensitivity analysis by using Monte Carlo Simulation? I myself think that such an analysis is not neccessary because the idea was to evaluate the system behavior under the extreme condition--the event of real emergency.
LAUJJL
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sensivity analysis

Post by LAUJJL »

Hi

If the problem you describe is continuous, and the extreme conditions are still continuous, then the probabilities of these conditions vary continuously even in extrem conditions, and a sensitivity analysis can still be done, and can eventually give insight too.
Regards.
JJ
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