Abstract
Much has been written in recent years on scientific approaches to management decision-making. Primary factors that have contributed to this surge of literature have been the increasing complexity of the type of decisions necessary in today's increasingly complex world and the development of the electronic computer providing the wherewithal for operations research. A key technique in the new methodology has been the simulation of decision problems through mathematical models.
Volume
LVIII
Page
21-24
Year
1971
Categories
Actuarial Applications and Methodologies
Accounting and Reporting
Federal Taxation
Publications
Proceedings of the Casualty Actuarial Society