Sensitivity analysis is the analysis of the effect of ________ changes on the ________.
A) price, company
B) cost, production
C) parameter, optimal solution
D) constraint, parameter

Question

Quizplus · Accepted Answer

Sensitivity analysis is used to analyze the effect of changes in model parameters on the optimal solution. Hence, option C is the correct answer as it identifies the relationship between parameter changes and the optimal solution. Options A and B are incorrect as they do not address the concept of sensitivity analysis. Option D is partially correct as constraint changes may also be analyzed in sensitivity analysis, but it does not cover the entire scope of the concept.

Sensitivity Analysis Is the Analysis of the Effect of ________