Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24764
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dc.contributor.authorHermeling, Claudiaen_US
dc.contributor.authorMennel, Timen_US
dc.date.accessioned2009-02-16T15:12:06Z-
dc.date.available2009-02-16T15:12:06Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/24764-
dc.description.abstractSensitivity analysis studies how the variation in the numerical output of a model can be quantitatively apportioned to different sources of variation in basic input parameters. Thus, it serves to examine the robustness of numerical results with respect to input parameters, which is a prerequisite for deriving economic conclusions from them. In practice, modellers apply different methods, often chosen ad hoc, to do sensitivity analysis. This paper pursues a systematic approach. It formalizes deterministic and stochastic methods used for sensitivity analysis. Moreover, it presents the numerical algorithms to apply the methods, in particular, an improved version of a Gauss-Quadrature algorithm, applicable to one as well as multidimensional sensitivity analysis. The advantages and disadvantages of different methods and algorithms are discussed as well as their applicability.en_US
dc.language.isoengen_US
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen_US
dc.relation.ispartofseries|aZEW Discussion Papers |x08-068en_US
dc.subject.jelD50en_US
dc.subject.jelC15en_US
dc.subject.jelC63en_US
dc.subject.ddc330en_US
dc.subject.keywordSensitivity Analysisen_US
dc.subject.keywordComputational Methodsen_US
dc.subject.stwSensitivitätsanalyseen_US
dc.subject.stwSimulationen_US
dc.subject.stwComputergestütztes Verfahrenen_US
dc.subject.stwCGE-Modellingen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwTheorieen_US
dc.titleSensitivity Analysis in Economic Simulations: A Systematic Approachen_US
dc.typeWorking Paperen_US
dc.identifier.ppn577907123en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:7391-

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