Definition of Contingency analysis

Web Dictionary of Cybernetics and Systems
Contingency Analysis
Contingency analysis is a method of treating uncertainty that explores the effect on the alternatives of change in the environment in which the alternatives are to function. This is a "what-if" type of analysis, with the what-ifs being external to the alternative, in contrast to a sensitivity analysis, where the parameters of the alternatives are varied. See also: A fortiori analysis. (IIASA)

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