Title :
Improved management decisionmaking using optimization of a nonlinear mixed-integer financial model
Author :
Bentley, G.K. ; Karo, D.P. ; Vander Velde, W.E.
Author_Institution :
Avco Systems Textron, Wilmington, MA, USA
Abstract :
A nonlinear mixed-integer financial model and optimization algorithm are described that support management decisions for one defense contractor. Counterintuitive insights have been uncovered that improve financial performance at less cost and with greater confidence than traditional alternatives. It is argued that normal search routines would have been unlikely to uncover these insights.
Keywords :
finance; management; optimisation; decision support; decision-making; management; nonlinear mixed-integer financial model; optimization; search routines;
Journal_Title :
Systems, Man and Cybernetics, IEEE Transactions on
DOI :
10.1109/TSMC.1987.6499290