Simulation of Finance Company Operations for Decision Making

Gordon B. Davis, Howard Ambill and Herbert Whitecraft

Management Science, 1962, vol. MT-2, issue 2, 77-90

Abstract: 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.

Date: 1962
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:mt-2:y:1962:i:2:p:77-90

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