Wiley & sas business Series

   Sensitivity Analysis  
  A form of simulation modeling that focuses specifi cally on identifying the 
upper and lower bounds of model outputs given a series of inputs with 
specifi c variance. 
   Sensor Data  
  Data generated by machines. 
   Simulation  
  A process by which processes or models are run repeatedly using a variety 
of inputs. The outputs are normally captured and analyzed to conduct 
sensitivity analysis, provide insight around likely potential outcomes, and 
identify bottlenecks and constraints within existing processes or models.