Article ID: | iaor19931909 |
Country: | Netherlands |
Volume: | 54 |
Issue: | 2 |
Start Page Number: | 176 |
End Page Number: | 190 |
Publication Date: | Sep 1991 |
Journal: | European Journal of Operational Research |
Authors: | French Simon, Insua David Rios |
This paper introduces a framework for sensitivity analysis in multi-objective decision-making, within a Bayesian context. In designing decision aids, it is essential to check the sensitivity of the conclusions to the data. Data input is constantly revised as decision makers come to understand the implications-and the possible inconsistencies-of their judgements. Sensitivity analysis can focus on those judgemental inputs which are most important in determining choice and, therefore, need to be revised most carefully. After introducing the basic problem, the authors review some of the previous approaches to sensitivity analysis, which are, by and large,