Author: HIGGINS CHRISTOPHER
Publisher: Emerald Group Publishing Ltd
ISSN: 0025-1747
Source: Management Decision, Vol.1, Iss.1, 1967-12, pp. : 47-50
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Abstract
This review of O.R. work in the fields of finance and investment indicates the considerable scope both for the standard tools of the trade, such as mathematical programming, and for the more general scientific approach which the author believes is characteristic of the best O.R. work. The use of scientific models of the system under study enables the investigator to compare alternative policies, to try out possible systems without the need to experiment in the real life situation—a particular merit of simulation techniques—and to search for optimum solutions.
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