Scenario Analysis §

Group: 4 #group-4

Relations §

• Simulation: Simulations enable the analysis of different scenarios and their potential outcomes.
• Risk Assessment: Scenario analysis helps identify potential risks and assess their likelihood and impact.
• Forecasting: Scenario analysis is used in forecasting to explore multiple future scenarios and their potential impacts.
• Contingency Planning: Scenario analysis helps organizations prepare contingency plans for various scenarios.
• Stress Testing: Stress testing is a form of scenario analysis used to evaluate the resilience of systems under extreme conditions.
• Simulation Modeling: Simulation models are used in scenario analysis to represent and analyze complex systems under different scenarios.
• Strategic Planning: Scenario analysis provides insights for developing robust strategies by considering multiple future scenarios.
• Sensitivity Analysis: Sensitivity analysis is often used in scenario analysis to understand how changes in variables affect outcomes.
• Business Continuity: Scenario analysis aids in developing business continuity plans by anticipating potential disruptions.
• Decision Making: Scenario analysis supports informed decision making by evaluating the potential outcomes of different scenarios.
• Forecasting: Scenario analysis is used in forecasting to explore different possible future scenarios and their implications.