Global Sensitivity Analysis
Subtitle: The Primer
Publisher: Wiley-Interscience
Published: March 14, 2008
Language: eng
Format: Hardcover
Number of pages: 304
ISBN-13: 9780470059975
Subjects: Mathematical modelling; Scientific equipment & techniques, laboratory equipment; Science; Mathematics; Science/Mathematics; Probability & Statistics - General; System Theory; Mathematics / Statistics; General; Global analysis (Mathematics); Mathematical models; Sensitivity theory (Mathematics)
Description: "Mathematical models are good at mapping assumptions into inferences. A modeller makes assumptions about laws pertaining to the system, about its status and a plethora of other, often arcane, system variables and internal model settings. To what extent can we rely on the model-based inference when most of these assumptions are fraught with uncertainties? Global Sensitivity Analysis offers an accessible treatment of such problems via quantitative sensitivity analysis, beginning with the first principles and guiding the reader through the full range of recommended practices with a rich set of solved exercises. The text explains the motivation for sensitivity analysis, reviews the required statistical concepts, and provides a guide for potential applications." "Postgraduate students and practitioners in a wide range of subjects, including statistics, mathematics, engineering, physics, chemistry, environmental sciences, biology, toxicology, actuarial sciences, and econometrics will find much of use here. This book will prove equally valuable to engineers working on risk analysis and to financial analysts concerned with pricing and hedging."--Jacket.