April 2020
Beginner to intermediate
184 pages
3h 50m
English
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CHAPTER 4
Sensitivity Analysis
Introduction
Sensitivity analysis can and should play a key role in a transport modal choice decision. This technique allows a decision maker to explore how changes in key variables or factors affect a decision. In the modal choice analysis presented in the last chapter, there were a variety of assumptions about values for key variables, such as annual inventory carrying cost interest rate and safety stock requirements. Even if we make accurate assumptions about the values for these variables, it is likely that their values may change over our planning horizon. For example, freight rates change over time, as do interest rates and therefore the firm’s cost of capital and carrying cost rate. For this reason, it is ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.