Sensitivity Analysis and Scenario Comparison: How to Test Assumptions and Make Better Decisions
Sensitivity Analysis and Scenario Comparison examines how decisions should be tested against changing assumptions, uncertain inputs, and alternative futures rather than judged under a single fixed model. The article argues that many decisions appear strong only because their underlying assumptions are left unchallenged, and that better decision-making requires systematic examination of how outcomes shift when probabilities, costs, constraints, or broader environmental conditions change. It develops this through one-way, multi-way, threshold, and probabilistic sensitivity analysis, coherent scenario comparison, robustness, key-driver identification, integration with decision trees and probabilistic models, and scenario-specific mathematical and computational workflows. The article emphasizes that stronger decisions depend less on confidence in one forecast than on understanding vulnerability, identifying decisive assumptions, and choosing strategies that remain credible across a wider range of plausible conditions.









