A Bayesian Approach to Sensitivity Analysis
Felli, James C.
Hazen, Gordon B.
MetadataShow full item record
Sensitivity analysis has traditionally been applied to decision models to quantify the stability of a preferred alternative to parametric variation. In the health literature, sensitivity measures have traditionally been based upon distance metrics, payoff variations, and probability measures. We advocate a new approach based on information value and argue that such an approach is better suited to address the decision-maker's real concerns. We provide an example comparing conventional sensitivity analysis to one based on information value. This article is a US government work and is in the public domain in the United States.
Showing items related by title, author, creator and subject.
Bang, H.; Agrawal, B.N. (1994);A new approach for spacecraft maneuver based upon constraint dynamics and tracking control laws is presented in this paper. For high precision pointing requirement on spacecraft maneuver, a desired trajectory is prescribed ...
Alftimat, Abdalkhalq Ma'ruf. (Monterey, California. Naval Postgraduate School, 2010-12);There is no doubt that the 9/11 attacks constituted a new terrorism phenomena in terms of sophistication and scale of mayhem. U.S. policy makers had to consider at least three approaches in response to these attacks: the ...
Jimenez, Jorge I. (Monterey California. Naval Postgraduate School, 2006-06);This project describes the emerging approach of Complexity Management, translates it for use in the Department of Defense (DoD), and applies its principles to DoDb2ss financial functions. Complexity Management is a new ...