Business Commons^™

A Preliminary Model For The Aircraft Loading Problem, Burton V. Dean

Research Reports from the Department of Operations

An international airline has the problem of determining the optimal number of first-class and economy class passengers, as well as the optimal fuel and freight loads to be carried. The airline wishes to find the aircraft loading solution that maximizes total profits. Revenue and cost equations are constructed as functions of the passenger, fuel, and freight variables. A total flight profit function is developed. An aircraft loading model is constructed as a maximization of the profit function subject to seating, fuel, weight, and volume constraints. The optimal value of the loading variables may be determined as the solution to a …

New Developments In Industrial R And D Management, Burton V. Dean

Research Reports from the Department of Operations

In this talk I have attempted to indicate the impact and growth of R and D in our national economy and in our industrial organizations. The concept of R and D as a managed, productive process responsible for the application of science and technology to achieve economic goals of the firm, has provided an impetus for development of an R and D management science. The essential element of a management science is the use of scientific methods and models. Through the use of mathematical models of R and D management decision problems, it is possible to plan and control R …

1965-03-31, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

A Model For The Design Of Prepaid Dental Plans, David A. Schrady, Burton V. Dean

Research Reports from the Department of Operations

The purpose of this paper is to present a model to be used in optimizing the design of prepaid dental plans. The model relates the characteristics of the plan and of the eligible members to the amount of unsatisfied need and the cost of operations. Those plan characteristics that can be controlled by the plan designer are the dental services to be offered and the financial and organizational structures. The socio-economic characteristics and previous dental history of the eligible plan members are considered to be beyond the control of the designer. The model parameters for each dental service considered for …

A Model Of Competitive Business Behavior, Gifford H. Symonds, S. Sankar Sengupta

Research Reports from the Department of Operations

In this model of competitive business enterprise, all output is measured in physical units and is regarded as homogeneous. The product is produced by several firms (competitors) in their individual plants with uniform and constant technology. All the competitors have equal access to the market information which is complete and common to all; their individual action is based upon market anticipations and individual business behavior.

1965-02-24, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

Industrial Resources: Warren County - Bowling Green, Kentucky Library Research Collections

Warren County

"196 Kentucky Acres for Industry: Bowling Green, [kentucky] prepared by the Warren county Industrial Foundation and the Kentucky Department of Commerce, 1965. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate

Annual Report 1965, Houston Academy Of Medicine-Texas Medical Center Library

Annual Reports: 1943 - Present

The file contains the annual report for the library from 1965.

Recording Figures Are No Check On Factory Returns, R A. Bettenay

Journal of the Department of Agriculture, Western Australia, Series 4

MANY dairy farmers who use Grade Herd Recording are in the habit of comparing their Grade Herd Recording results with returns obtained from a factory.

Where the two returns show some discrepancy the inference drawn always appears to be that whichever credits the herd with the lower return is at fault—either "the recorder is not doing the job properly" or "the factory is robbing the farmer of his just returns."

Real Estate Syndication For The Local Realtor, Harold Joseph Lawlor

Master's Theses

The great volume of real estate transactions which have been consumated through large-scale syndications during the past fifteen or twenty years runs into the billions of dollars. Most of these transactions were consumated by the 11 know-how11 syndicators of New York, Chicago, Miami and other progressive 11 smart-money11 centers.

The purpose of this paper is to present a complete, simple and concise report on the techniques and tools of real estate syndication so that the small real estate broker will realize that: (1) putting together a syndicate is not beyond his comprehension; (2) it is not necessary to depend on …

An Evaluation Of Materials Handling Equipment In General Merchandise Warehouses Richmond, Va., Donald Henderson Bowles

Master's Theses

Like most persons exploring a new and unknown field, the writer did not know, at the start, in which directions his research might take him, how far it might lead or what he would find.

The stated purpose of the study was to learn what methods and which types of equipment for handling materials were being used currently in general merchandise warehouses in Richmond. The stated objectives were to make a comparison between methods and equipment being used in Richmond and to evaluate them in light of these methods and types of equipment which were considered best by the authorities …

Estimation Of Functional Parameters In Simple Linear Econometric Error Models (Part 1), Yoshiro Kuratani, T.S. Chidambaram

Research Reports from the Department of Operations

The problem posed in this paper is a familiar one; estimation of unknown functional parameters in simple linear error models in which two unobservable variables Y and X are related exactly in a linear form but pairs of observations Y and X are scattered along the true line due to observational errors v and u. It is seen from the existing literature that this problem has been treated either by non-classical methods such as the method of grouping of observation and the method of instrumental variable or by the classical approach, e.g. maximum likelihood method with the assumption that the …

1965 Faculty Meeting Minutes, Morehead State College

Faculty Senate Records

Faculty meeting minutes of the Morehead State College for 1965.

A Note On Comparison Of "Extrinsic" And "Intrinsic" Forecasting Models, Yoshiro Kuratani, T.S. Chidambaram

Research Reports from the Department of Operations

[Scan is difficult to read.]

Business Information Systems And Accounting, Daniel Teichroew

Research Reports from the Department of Operations

This paper discusses the idea that accountants should not define their field too narrowly and consider their role in the future as designers and developers of information systems.

No. 64 1964 November Review

International Journal for Business Education

This initiative documents the preservation and digital release of the organization’s historical print archives, representing decades of scholarship in international business education. By converting legacy issues into accessible online formats, the project enhances global access to foundational research, pedagogical innovations, and early thought leadership that shaped the field. The digitized collection provides educators, researchers, and practitioners with a comprehensive record of evolving theories, instructional practices, and international business trends. Making these archival materials publicly available supports continued inquiry, enables longitudinal analysis, and strengthens the discipline’s historical continuity. This effort reflects the organization’s commitment to advancing international business education by ensuring …

Stochastic Scheduling - Part Ii The Location Of Planning Horizons, Gifford H. Symonds

Research Reports from the Department of Operations

This paper examines optimal stochastic scheduling, a framework that integrates deterministic activity vectors for the initial period and stochastic vectors for future periods to optimize expected outcomes across a sequence of time periods. Each stochastic schedule adapts to state conditions revealed incrementally, ensuring that revised schedules reflect updated data distributions. Adhering to the Optimality Principle, which disregards past operations, and the Planning Horizon Principle, which restricts considerations beyond a defined horizon, the approach ensures sequential optimization within and across planning periods. Key periods, such as the planning horizon, are critical due to their influence on the objective functional and operational …

Scoring And Profitability Models For Evaluating And Selecting Engineering Projects, Burton V. Dean, Meir J. Nishry

Research Reports from the Department of Operations

Recent developments in allocation theory may be applied to research management decision problems in the firm. Of major importance to firms employing engineers in new product development activities are problems involving the specification and allocation of resources such as manpower, funds, equipment, and facilities. To solve these problems, quantitative measures of organizational performance must be derived that are consistent with corporate goals and that include the relevant resource variables, noncontrollable variables, parameters, and constraints. Mathematical models are constructed and solved in this paper that yield solutions for allocating manpower resources to projects. A scoring model is constructed and then used …

Contract Research Proposal Preparation Strategies, Burton V. Dean, Robert H. Culhan

Research Reports from the Department of Operations

A bidding model is developed and used to examine alternative contract research proposal preparation strategies. Expected profits due to sales from initial and follow-on production orders are related to proposal preparation cost, contract value, and the probability of contract award. Limited engineering resources may be allocated to proposal preparation effort so as to maximize total expected profits. The model is tested and applied in the proposal preparation activity of a company in the aerospace industry.

Regional Development Of Metropolitan Cleveland And The Great Lakes Basin, Ellis Johnson

Research Reports from the Department of Operations

The long-range objective of this study is to formulate a planning procedure that would make it possible to develop a combination of short-range and long-range plans to guide the development and growth of Greater Cleveland and the Great Lakes Basin. As part of this study, a number of high-priority initial studies are indicated in Table 1. Appendix I is a draft of an outlined philosophy and procedure for a study of planning for Cleveland. Appendices II and III contain some data and ideas of value to future studies. Appendix IV is a further discussion of the economic problem of Cleveland, …

1964-09-11, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

Stochastic Scheduling - Part I Stochastic Programming For A Single Period, Gifford H. Symonds

Research Reports from the Department of Operations

This study addresses stochastic scheduling, focusing on production and order schedules under uncertain demands. The approach involves periodically revising schedules to incorporate updated demand data, optimizing decision values for the current period and expected values for future periods. A novel method is introduced to transform stochastic scheduling problems into certainty equivalent problems, ensuring that solutions to the latter also optimize the original stochastic problem. The methodology emphasizes determining certainty equivalents of stochastic constraints, identifying critical planning horizons, and developing optimization procedures for inter-horizon schedules. Part I formulates and solves one-period programming problems, selecting stochastic solutions that meet probability constraints, thus …

1964-08-06, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

Patient Scheduling In A Chronic Disease Hospital: System Design And Implementation, J.T. Ross Jackson, Eugene E. Tillock, Graham D. Clapp

Research Reports from the Department of Operations

This paper reports on the nature of patient services and the essential role which scheduling may play in improving the effectiveness and efficiency of such services. Hospitals and nursing home facilities must routinely provide a broad spectrum of services promptly at times they are needed by their patients. Service demands for individual patients should be coordinated with the vocal immediate and longer term needs of the patient, under conditions which allow for suitable balance between the individual patient's needs and the priorities necessary for staff personnel to properly fulfill their broader patient and institutional service responsibilities.

Scoring And Profitability Models For Evaluation Of Engineering Projects Builder Products Division Emerson Electric Company, Burton V. Dean, Meir J. Nishry

Research Reports from the Department of Operations

Recent developments in allocation theory may be applied to research management decision problems in the firm. Of major importance in technical based firms are problems involving the specification and allocation of such technical resources as manpower, funds, equipment, and facilities. Initial steps in the solution of company technical resource allocation problems involve the specification of corporate objectives and their transformation into research objectives and goals. Quantitative research organizational measures of performance must be derived which are consistent with research goals and which include the relevant resource variables, noncontrollable variables, parameters, and constraints. Mathematical models are constructed and solved in this …

Investment Credit And Its Effects Upon Accounting Procedures And Economic Planning For Capital Investments, Arthur H. Millspaugh

Anderson School of Management Theses & Dissertations

As a result of the enactment of the Revenue Act of 1962, tax payers are required to take what is termed an investment credit as a deduction from their income tax liability which, in general, is equal to 7 per cent of the cost of certain depreciable property acquired during the year. The law also requires that the basis of property be reduced in an amount equal to the credit. In view of the fact that this credit may be treated in several different ways for accounting purposes, considerable controversy has developed among authorities within the accounting profession. Each of …

Industrial Resources: Russell County, Kentucky Library Research Collections

Russell County

"Industrial Resources: Russell County, Kentucky" prepared by the Russell County Development Association, Inc., and the Kentucky Department of Commerce, Frankfort, Kentucky June 1964. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate

Management Of Professional-Technical Personnel, Robert M. Jefferson

Anderson School of Management Theses & Dissertations

One characteristic of man, evidenced from the beginnings of recorded history, has been his tendency to organize. Any task or endeavor beyond the abilities of one man or more efficiently performed by a group has been sufficient cause for some form of organization. By creating relationships, authority, responsibility and proper integration of skills, the sum of individual efforts could be increased. From this, it develops that the purpose of organization, whether it be in elementary societies or in the complex industrial situation of the 1960’s, must be to integrate people and their skills in order to effectively perform some function. …

On The Structure Problem Of Organization, Burton V. Dean

Research Reports from the Department of Operations

The organization structure problem is defined as that of specifying the composition of organizational elements or subgroups, their measures of performance, and the corresponding control factors. This paper is concerned with the development of methods for decomposing a total organizational objective function into simpler subgroup performance functions that involve fewer control variables. Methods are developed for yielding this decomposition and for deriving values of the control variables that optimize the performances of the subgroups and the organization. Extensions of the initial structure problem are formulated which permit the application of quantitative methods to problems involving organization transition, adaptation, and adjustment. …

The Armed Services Procurement Regulation: A Study Of The Contract, Cost Principles And Procedures, Avery M. Torneby

Anderson School of Management Theses & Dissertations

Business enterprises have traditionally operated under fixed-price contracts where they have had the full responsibility for meeting competition in the market place, controlling their costs, and consequently achieving a profit. This policy was also employed in contractual relationships with the United States Government. The technological advances made in the last two decades in the equipment contemplated for the defense of our national security have increased the complexity of procurement by the Department of Defense to such an extent that it is difficult to estimate the costs of performance on a contract. Funds expended for defense equipment have shifted materially from …