Simulation of Finance Company Operations for Decision Making

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.