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Operations Research, Systems Engineering and Industrial Engineering Commons

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Simulation

Risk Analysis

Old Dominion University

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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering

Sensitivity Analysis Framework For Large And Complex Simulation Models, Ghaith Rabadi, Shannon Bowling, Charles Keating, Resit Unal Jan 2009

Sensitivity Analysis Framework For Large And Complex Simulation Models, Ghaith Rabadi, Shannon Bowling, Charles Keating, Resit Unal

Engineering Management & Systems Engineering Faculty Publications

In this paper, a framework for conducting Sensitivity Analysis (SA) on large and complex simulation models is introduced. The framework consists of components that are designed to make the SA a systematic process that is easy to manage and follow by simulation analysts and practitioners. Unlike local SA (one-variable-at-a-time SA), the method presented here is variance-based and it is rooted in the field of Design of Experiments (DoE) where Input Variables are varied and Output Variables are measured. Based on the DoE results, a risk scoring system is developed to identify the sensitivity of the Input Variables, and as a …