Society of Decision Professionals (SDP), Decision Analysis Society of INFORMS (DAS-INFORMS) and Society for Risk Analysis (SRA) Joint Webinar:
“Sensitivity Analysis for Decision Making: From Decision Trees to Artificial Intelligence”
Featuring: Emanuele Borgonovo (Bocconi University)
Moderated by: Robin Dillon-Merrill (DAS-INFORMS)
Location: Online
This webinar will be held via Zoom.
The Zoom link will be sent in your confirmation email after you RSVP. Please register in advance to ensure access.
Abstract:
Sensitivity Analysis is an essential part of the Decision Analysis Cycle. It plays a central
role in making decision support models more transparent. In parallel with the transformation of the models we use to support decisions, sensitivity analysis methods are rapidly evolving. Starting from the notion of information value, we will move through old and new techniques. For variable importance we will go from Tornado Diagrams to Global Methods through Shapley Values, for direction of change we will compare the familiar Spiderplots with the machine learning Partial Dependence Plots. We provide practical examples and analyze their use in applications. We will focus on how sensitivity analysis helps decision makers to interrogate models, and analysts to make clearer recommendations to decision makers.
Meet the Speaker:
Emanuele Borgonovo
Head, Department of Decision Sciences, Bocconi University
Research Affiliate, Massachusetts Institute of Technology, Department of Nuclear Science and Engineering
Emanuele Borgonovo is Full Professor and Director at the Department of Decision Sciences of Bocconi University and Research Affiliate at MIT NSE. He is co-editor-in-chief of the European Journal of Operational Research, advisor to the Springer International Series in Operations Research and Management Science, Co-Chair of the Uncertainty Analysis Committee of the Safety and Reliability Association. He has been President of the INFORMS Decision Analysis Society from 2020-2022. He is the recipient of several national and international awards. He is also a member of the editorial boards of numerous journals among which Risk Analysis, Decision Analysis, etc.. He has published over 100 scientific papers and worked in international research projects with companies and national labs. His technique, the Differential Importance Measure, has been inserted in NASA’s Guide for Risk Managers and Practitioners. He is author of the book: “Sensitivity Analysis: An Introduction for the Management Scientist”, http://www.springer.com/gp/book/9783319522579.
Moderator:
Robin Dillon-Merrill
President, DAS-INFORMS
Robin Dillon-Merrill has been a faculty member at the McDonough School of Business (MSB) at Georgetown University since 2001 and currently serves as the Area Chair for the Operations and Analytics group. From 2017-2019 she served as the Program Director for the National Science Foundation’s Humans, Disasters and the Built Environment program in the Directorate of Engineering. She seeks to understand and explain how and why people make the decisions that they do under conditions of uncertainty and risk. She is currently the President of the Decision Analysis Society within INFORMS.