Sensitive analysis helps identify the key drivers of decision outcomes and evaluate the impact of uncertainty on decision-making1 pointTrueFalse

Sensitivity Analysis:

In decision making risk is measured by :

Perfect information introduces risk, and strategic interaction into decision –makers to make decisions based on subjective beliefs, or probabilistic assessments. 1 pointTrueFalse

In decision analysis, decision-makers must specify the criteria or metrics used to evaluate and compare different alternatives.1 pointTrueFalse

It provides a systematic framework for decision-making under uncertainty by considering various alternatives, possible outcomes, and the probabilities associated with those outcomes.1 pointDecision analysisCriteria analysisDecision trees