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.