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6 Cards in this Set
- Front
- Back
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A purposeful representation of the key factors in a situation and the relationships between them |
Model |
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Quantities or factors that affect a decision |
Inputs |
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Primary and secondary, calculated from inputs and is of interest to the decision maker |
Outputs |
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Helps to identify the inputs that cause the most change in the output |
Sensitivity analysis |
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Helps a decision manager gain additional insight into a situation |
Scenario analysis |
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Works backwards to find the value of an input quantity that causes an output quantity to have a particular value |
Goal seek |
