Principia Cybernetica Web (C)

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Parent Node(s): ASC Glossary on Cybernetics

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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)