2018
SENSITIVITY CURVE OF DECISION-MAKING PROCESS OF THE COMPANY
CHADT, Karel a Martin PETŘÍČEKZákladní údaje
Originální název
SENSITIVITY CURVE OF DECISION-MAKING PROCESS OF THE COMPANY
Název anglicky
SENSITIVITY CURVE OF DECISION-MAKING PROCESS OF THE COMPANY
Autoři
CHADT, Karel a Martin PETŘÍČEK
Vydání
ACC JOURNAL, Liberec, Technická univerzita v Liberci, 2018, 1803-9782
Další údaje
Typ výsledku
Článek v odborném periodiku
Utajení
není předmětem státního či obchodního tajemství
Organizační jednotka
University College Prague – Vysoká škola mezinárodních vztahů a Vysoká škola hotelová a ekonomická s.r.o.
Klíčová slova anglicky
Sensitivity curve; Risk analysis; Monte Carlo simulation; Multiple-criteria decision making
Příznaky
Mezinárodní význam, Recenzováno
Změněno: 26. 9. 2018 09:33, doc. Ing. Martin Petříček, Ph.D.
V originále
This article focuses on the issue of the sensitivity curve as an indicator of risk during decision-making process. The aim of this article is to present the measurement capabilities for sensitivity of the decision-making process within the issue of the use of quantitative methods in managerial decision making. The approach that is presented in the article uses the measurement of the sensitivity of the decision-making model to its input parameters. The whole decision-making process is a multiple-criterion and to determine a compromise variant there is Weighted Sum Approach (WSA) method used. This article uses the coefficient that determines the percentage change that is necessary to choose the second best option. In addition this approach is supported by formation of sensitivity curve. This curve represents the change in value of the output (using method WSA) when changing the selected input parameter of decision-making process. To build a sensitivity curve there is probabilistic simulation approach (Monte Carlo method) used.
Anglicky
This article focuses on the issue of the sensitivity curve as an indicator of risk during decision-making process. The aim of this article is to present the measurement capabilities for sensitivity of the decision-making process within the issue of the use of quantitative methods in managerial decision making. The approach that is presented in the article uses the measurement of the sensitivity of the decision-making model to its input parameters. The whole decision-making process is a multiple-criterion and to determine a compromise variant there is Weighted Sum Approach (WSA) method used. This article uses the coefficient that determines the percentage change that is necessary to choose the second best option. In addition this approach is supported by formation of sensitivity curve. This curve represents the change in value of the output (using method WSA) when changing the selected input parameter of decision-making process. To build a sensitivity curve there is probabilistic simulation approach (Monte Carlo method) used.