This paper presents multiperiod, multiple objective goal programming as an alternative to the more conventional hedge ratio approaches to financial futures hedging. The described model offers the potential benefits of: (i) simultaneous achievement of multiple hedge-related objectives (i.e.,...

Despite the increasing popularity of decision support systems (DSS), effectiveness of such systems remains unproven. Past research claiming usefulness of the DSS has relied largely on anecdotal or case data. The relatively few laboratory experiments report mixed results regarding the effects of...

In this paper, utility and decision theories are applied to determine the effectiveness of a complex system with several measures of performance. A significant number of individuals, both systems analysts and operational personnel in the NADC and related organizations, were asked to rank the...

This paper describes and discusses the results of a national survey [1] on the use of mathematical models in plant maintenance decision making. The major points considered are: (1) The extent to which such models are used, (2) their potential financial benefits, and (3) the determinants of their...

Private and public programs designed for rapid industrialization and for raising living standards have caused a growing demand in Latin America for persons trained in management science. Current sources for such training include special "productivity centers," departments or institutes of...

The paper presents a holistic analysis of hospital management admission systems. It outlines control strategies which will facilitate a system's effectiveness for various organizational attributes. In particular, attention is focused on bed occupancy levels and on the stability of flows into the...