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Letter to the Editor---Simulation by Computation as an Operations Research Tool

Author

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  • Cuthbert C. Hurd

    (International Business Machines Corporation)

Abstract

An object of operations research in business is to apply scientific methodology to the solution of management problems; in particular, the operations-research tool, simulation, in useful. In this paper the simulation employed in two engineering design problems is described, and it is shown that similar methods can be employed in two other management problems: estimation of costs and machine shop loading. Operations Research , ISSN 0030-364X, was published as Journal of the Operations Research Society of America from 1952 to 1955 under ISSN 0096-3984.

Suggested Citation

  • Cuthbert C. Hurd, 1954. "Letter to the Editor---Simulation by Computation as an Operations Research Tool," Operations Research, INFORMS, vol. 2(2), pages 205-207, May.
    • Handle: RePEc:inm:oropre:v:2:y:1954:i:2:p:205-207
    DOI: 10.1287/opre.2.2.205
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    Cited by:

    1. Christian Toll, 2018. "Zur Bewertung einer Unternehmensspaltung aus Sicht der Anteilseigner des zu spaltenden Unternehmens [Valuation of a Corporate Demerger from the Shareholders’ Point of View]," Schmalenbach Journal of Business Research, Springer, vol. 70(1), pages 155-204, March.
    2. Christian Toll & Olaf Kintzel, 2019. "A nonlinear state marginal price vector model for the task of business valuation. A case study: The dimensioning of IT-service companies under nonlinear synergy effects," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 27(4), pages 1079-1105, December.
    3. Christian Toll & Thomas Hering, 2017. "Valuation of Company Merger from the Shareholders’ Point of View," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(46), pages 836-836, August.

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