Application of Operations Research to Complex Financial Agreements---A Profit-Sharing Illustration

Melvin F. Shakun
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Melvin F. Shakun: Price Waterhouse & Company, New York, New York

Operations Research, 1960, vol. 8, issue 1, 65-81

Abstract: In a number of cases, operations-research techniques have solved problems arising in giving effect to complex financial agreements. In the situation to be described, the initial wording of an involved profit-sharing-incentive plan lacked operational definition, and a mathematical approach was needed in order to clarify the basic intent of the interested parties and to translate it into a mutually acceptable set of calculating procedures. The mathematical formulation involves the solution of simultaneous linear or nonlinear equations depending on the amount of profit earned by the company.

Date: 1960
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