Accession Number:

AD0653727

Title:

SOME NEW APPROACHES TO RISK

Descriptive Note:

Research rept.

Corporate Author:

CARNEGIE INST OF TECH PITTSBURGH PA MANAGEMENT SCIENCES RESEARCH GROUP

Personal Author(s):

• Byrne, R.
• Charnes, A.
• Cooper, W. W.
• Kortanek, K.

Report Date:

1967-05-01

Pagination or Media Count:

51.0

Abstract:

Relatively recent innovations in methods for risk analysis are here surveyed and related by means of certain linear programming characterizations applied to venture and risk analysis, stochastic decision trees, stochastic linear programming, linear programming under uncertainty, and chance constrained programming. Possibilities for combining these approaches in various ways are also discussed and illustrated by example. Implications are noted for accounting, budgeting and other aspects of management planning.

Descriptors:

• *MANAGEMENT PLANNING AND CONTROL
• *OPERATIONS RESEARCH
• *PROBABILITY
• LINEAR PROGRAMMING
• MATHEMATICAL ANALYSIS
• MATHEMATICAL MODELS
• OPTIMIZATION
• STOCHASTIC PROCESSES
• UNCERTAINTY

Subject Categories:

• Administration and Management
• Statistics and Probability
• Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE