Decision Support News
D. J. Power, Editor
August 31, 2014 Vol. 15, No. 18
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1) How does sensitivity analysis differ from "What if?" analysis?
2) Recent DSS News Headlines
3) Upcoming Decision Support Conferences/Call for Papers
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1)
How does sensitivity analysis differ from "What if?" analysis?
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by Daniel J. Power
Editor, DSSResources.com
In the early days of decision support deployment, one of the major
"selling points" of vendors and academics was the ability to do
"What If?" analysis. In the 1970s, model-driven decision support for
sales and production planning helped a manager change a decision
variable like the number of units to produce and then immediately
get a new result for an outcome variable like profit. As decision
support has gotten more sophisticated and become more diverse in its
use, "What If?" as a concept has broadened. The decision support
community has also introduced more precise terminology from the
mathematical modeling literature.
Continue reading at
http://dssresources.com/faq/index.php?action=artikel&id=121
Click for more Frequently Asked Questions
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2) Recent DSS News Headlines
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08/28/2014 Zend announces 10th Annual PHP conference focused on mobile and web innovation. Check release.
08/28/2014 IBM Watson ushers in a new era of data-driven discoveries. Check release.
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3) Upcoming Decision Support Conferences/Call for Papers/Books
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1. Nov. 22-25, 2014, 45th Annual DSI meeting - Tampa, FL, Click here.
2. Dec. 28-29, 2014 “Big Data and Analytics For Business(BDAB-2014)”,
New Delhi, India. Check the website Click here.
3. May 27-29, 2015 ICDSST 2015 organized by the EWG-DSS/ The theme is “Big Data Analytics for Decision Making”, Belgrade, Serbia. Check the website Click here.
Order Dan Power's new book: Decision Support, Analytics, and Business Intelligence, Second Edition
Click here
Become a Business Expert Press author
Click here
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