Your model has three input variables that you use: (A, B, and C). Currently you use (0.5,
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Question:
Your model has three input variables that you use: (A, B, and C). Currently you use (0.5, 6, 3). You believe that actual values of these input variables follow a uniform distribution. The bounds for A are 0 and 1; B are 5 and 6; and C are 1 and 10.
You intend to do ten runs for your sensitivity analysis. Create a Latin Hypercube sampling scheme for this sensitivity analysis. CLEARLY Describe the steps you choose and provide an example input scheme.
I suggest that do this in Microsoft Excel. You will need to use the RAND function. You might also require the “paste special” function.
Expert Answer:
ANSWER Onedimensional Latin hypercube sampling involves dividing your cumulative density function cd... View the full answer
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