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In a recent paper, (Bellman, Richard. 1956. On the theory of dynamic programming—a warehousing problem. Management Sci. 2 (3, April) 272.), Bellman uses dynamic programming to establish a computational algorithm for the solution of the “warehouse” problem. The present paper also employs the...
An accelerating increase in linear programming applications to industrial problems has made it virtually impossible to keep abreast of them, not only because of their number (and diversity) but also because of the conditions under which many are carried out. Industrial (and governmental) secrecy...
Both economists and businessmen are interested in knowing whether inventories are higher or lower than firms desire: Economists because it would provide a clue to the structure of business expectations, businessmen because it would give some indication of the future trend of business. In this...
The word “leadership” has been widely used. Political orators, business executives, social workers, and scholars employ it in speech and writing. Yet, there is widespread disagreement as to its meaning. Among social scientists, the theoretical formulations of the leadership concept have...
The primary purpose of this paper is to present for management an approach to the employment of large data-handling equipment in commercial problems. This approach is in the form of guideposts which, in a very general way, may indicate to people without a background in the data processing field,...
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The present paper summarizes the results of a detailed empirical investigation of the theory of economic equipment policy as applied to one important kind of industrial equipment, viz line-haul truck-tractor power units. The objective of this research was to ascertain, for a type of equipment...
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