Accession Number:

AD0606949

Title:

PLANNING FOR LIQUIDITY IN SAVINGS AND LOAN ASSOCIATIONS,

Descriptive Note:

Corporate Author:

NORTHWESTERN UNIV EVANSTON ILL TECHNOLOGICAL INST

Personal Author(s):

Report Date:

1964-05-01

Pagination or Media Count:

12.0

Abstract:

The present paper shows an application of the method of chance-constrained programming to a case of financial planning. It is felt that this new method of programming will in the future turn out to be helpful in analyzing a wide range of problems in the field of financial budgeting and the costing of funds for corporations and financial institutions. Indeed, the method of chance-constrained programming was explicitly developed to take care of the following two fundamental aspects of planning, both of which are characteristic of the setting of the problem in financial budgeting a there are usually and typically present a large number of constraints, institutional, subjective or otherwise and b the problem is one of planning in the face of an uncertain future, the chance elements entering both the object function to be optimized and the constraints. Author

Subject Categories:

Distribution Statement:

APPROVED FOR PUBLIC RELEASE