Sim Dec is a revolution in decision-making support. Sim Dec “teases out” inherent cause-and-effect relationships and reveals the intricacy of relationships between sets of input and output variables. At its core Sim Dec is an amalgamation of uncertainty and global sensitivity analysis with an innovative visualization technique. While straightforward and elegant this novel approach significantly enhances the analytical capabilities of users by readily exposing seemingly a priori counterintuitive behaviours so that they can be readily understood by both technical specialists and non-technical users alike. This book is the first to articulate the ubiquitous applicability of Sim Dec and has been written by the leading proponents of the technique. The book provides the necessary background to fully understand the underlying approach and then demonstrates its applicability to a wide spectrum of fields such as finance entrepreneurship energy 3D manufacturing geology the environment engineering public policy and even superconducting magnets. To facilitate as widespread adoption and penetration of Sim Dec as possible all supporting computer codes are available open-source in Python Julia R and Matlab. The innovative material will be of primary benefit to practitioners and researchers analyzing data from the social sciences business science engineering mathematics and computing. The Open Access version of this book available at http://www.taylorfrancis.com has been made available under a Creative Commons [Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND)] 4.0 license. |Sensitivity Analysis for Business Technology and Policymaking Made Easy with Simulation Decomposition (SimDec) | Business
