| Article ID: | iaor20071516 |
| Country: | United States |
| Volume: | 6 |
| Issue: | 2 |
| Publication Date: | Jan 2005 |
| Journal: | INFORMS Transactions on Education |
| Authors: | Palocsay Susan W., Markham Ina S. |
| Keywords: | education in OR |
‘What-if’ or sensitivity analysis is one of the most important and valuable concepts in management science (MS). To emphasize its practical relevance in a business environment, we teach students in our introductory MS course to analyze ‘scenarios’ with Excel's built-in Scenario tool. This paper demonstrates the application of the Scenario tool with several examples.