Practice of Management Science---A Simulation Model of the College Admission Process

Albert G. Holzman and Donald B. Johnson
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Albert G. Holzman: University of Pittsburgh, Pittsburgh, Pennsylvania
Donald B. Johnson: Jones and Laughlin Steel Corporation, Pittsburgh, Pennsylvania

Interfaces, 1975, vol. 5, issue 3, 55-64

Abstract: A computer simulation model, capable of operating in a conversational mode, was developed to enable a college admissions director to evaluate the outcome of a given decision policy before its actual implementation. A major advantage of this work is that it recognizes the uncertainty of the parameters in the admissions process, and includes a systematic sampling procedure for developing more accurate estimates of the parameters as new information is received.

Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:5:y:1975:i:3:p:55-64

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