Simulation of Finance Company Operations for Decision Making

1 December 1962

journal article
Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science

Vol. MT-2 (2), 77-90
https://doi.org/10.1287/mantech.2.2.77

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.