Information Systems in Management Science

Large data systems are expensive and difficult to construct even where the inputs are well defined. In the following paper, “The Computer—New Partner in Investment Management,” Dr. Arnold E. Amstutz of the MIT Sloan School of Management describes work done on a system, where, although the data was well defined, the effort of understanding how it would be utilized and organized spread over seven years. Essential to the success of the work that Dr. Amstutz describes was the emphasis upon both measurement and structure.