robustness analysis

Synonyms

robustness

Definition

may be used to help determine the robustness of the answers within an options appraisal to possible uncertainties as to the values of key sensitive variables and parameters (as identified from the sensitivity analysis). It identifies the extent to which the decision-maker might be exposed to potential costs and errors if some uncertain eventualities regarding these parameters should arise in future. Robustness. The ability of a system to continue to perform satisfactorily under load.

Broader terms

statistical models