SENSITIVITY ANALYSIS

A procedure to determine the sensitivity of the outcomes of an alternative to changes in its parameters (as opposed to changes in the environment; see contingency analysis, a fortiori analysis). If a small change in a parameter results in relatively large changes in the outcomes, the outcomes are said to be sensitive to that parameter. This may mean that the parameter has to be determined very accurately or that the alternative has to be redesigned for low sensitivity. (IIASA)

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