Simulation of Finance Company Operations for Decision Making
This paper describes the application of model building and computer simulation to planning, decision-making and budgeting. The discussion is based on the use of this approach for a proposed finance company. The mathematical model described in the paper was constructed and programmed for a computer. Various simulations on an IBM 7090 computer tested the feasibility of using the model as suggested. The examples in the text are from the simulation results. "Management Technology", ISSN 0542-4917, was published as a separate journal from 1960 to 1964. In 1965 it was merged into Management Science.
Year of publication: |
1962
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Authors: | Davis, Gordon B. ; Ambill, Howard ; Whitecraft, Herbert |
Published in: |
Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. MT-2.1962, 2, p. 77-90
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Publisher: |
Institute for Operations Research and the Management Sciences - INFORMS |
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