Quantitative Planning and Control

Essays in Honor of William Wager Cooper on the Occasion of His 65th Birthday

1st Edition - June 28, 2014
Editors: Yuji Ijiri, Andrew B. Whinston
Language: English
eBook ISBN:
9 7 8 - 1 - 4 8 3 2 - 5 9 3 6 - 9

Quantitative Planning and Control: Essays in Honor of William Wager Cooper on the Occasion of His 65th Birthday features a collection of papers prepared by students and associates… Read more

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Quantitative Planning and Control: Essays in Honor of William Wager Cooper on the Occasion of His 65th Birthday features a collection of papers prepared by students and associates of William Wager Cooper to honor him on the occasion of his sixty-fifth birthday. The book centers on the theme of Quantitative Planning and Control, the theme to which much of Professor Cooper's research effort has been devoted. The theme covers diverse fields of inquiry as reflected in the articles in this book, which are organized in four parts: (1) mathematical programming and decision models; (2) economic development and firm growth; (3) manpower planning and design; and (4) accounting and control. At the core of all of the articles in this book lies a belief that analytical approaches can help solve all managerial problems, a philosophy that is deeply rooted in Professor Cooper's thinking. This book demonstrates how this fundamental view on management can be reflected in dealing with problems in various fields of management. In particular, the book focuses on three main areas of application of this view, economic development, manpower planning, and accounting and control, along with the subject of developing tools that are necessary for solving managerial problems analytically.

List of Contributors

Preface

A Yankee from Chicago

Adventures in Invention

The Great Teacher

Part I Mathematical Programming and Decision Models

1. Gradient States for Some Dualities with the C2 Extremal Principle

Introduction

1. The C2 Extremal Principle

2. Gradient Characterization of Some Convex Function Infima

3. Conclusions

References

2. Branch and Round: An Enumerative Algorithm for Integer Programs

1. Introduction and Summary

2. The Rudimentary Branch and Round Algorithm

3. The Linear Programming Problem

4. Multiple Optimal Solutions for the Linear Programming Problem

5. A Variation of the Rudimentary Algorithm: Cuts, Sequential Branching, and Partitioning

6. Comments

References

3. A Minimax Procedure for a Class of Stochastic Programs

1. Some Preliminary Results

2. Two-Stage Stochastic Programming

3. Simple Recourse Model with Nonlinear Penalty Functions

4. An Illustrative Example

References

4. A Linguistic Model for 3-D Constructions

1. Introduction

2. Overview and Initial Definitions

3. Primitives

4. Reference Points and P-Functions

5. Transforming Functions

6. Sculpting Functions

7. Composition Operators

8. Iterations

9. Concluding Remarks

References

5. Decision-Making with Multiple Objectives—Some Analytic Approaches

Introduction

1. A Myth of Management Decision-Making

2. The Decision Framework

3. Explicitly Defined Constraints

4. Choosing the Best of a Set of Alternatives

5. Conclusion

References

Part II Economic and Firm Growth

6. Economic Development on a Distant Planet

References

7. A Linear Programming Approach to Agricultural Land Use Policy in India

1. Introduction

2. Formulation of the Problem

3. Extensions

4. Computational Results

References

8. Time Preference, Firm Growth, and Programming Models

Introduction

1. A Simple One Period Model

2. Growth of the Firm

3. Summary

References

9. Inflation and the Capital Budgeting Decision

1. Introduction

2. Some Basic Relations

3. The Effects of Inflation on Demand

4. The Rate of Interest

5. The Effects of Inflation on Costs

6. Some Other Effects of Inflation on the Capital Budgeting Decision

7. Conclusions

Appendix

References

Part III Manpower Planning and Design

10. A Network Transshipment Model for Manpower Planning and Design

1. Introduction

2. The Model

3. An Example

4. Dual Variable Analysis

5. Effectiveness versus Cost Tradeoff Analysis

6. Career Analysis

7. Conclusions

References

11. A Study of Alternative Relaxation Approaches for a Manpower Planning Problem

1. Introduction

2. Problem Relaxation

3. Relaxations and Primal Strategies

4. Alternative Strategies Tested

5. Conclusions

References

12. A Demographic Turnpike for Long-Range Manpower Planning in Developing Economies

1. Introduction

2. Definition of Labor Demand and Supply

3. Model Development

4. A Closed Demographic Turnpike

5. An Open Demographic Turnpike

6. Planning Policy Implementations

References

13. Aspects of Control for the Organization Design and Manpower Planning Functions

1. Introduction

2. Monitoring Organizational Change in Terms of the Manpower Planning Function

3. Indices of Change in Manpower Systems

4. Numerical Example

5. Conclusion

References

14. Manpower Goals Planning and Accountability

1. Introduction

2. Manpower Analyses and Planning

3. Accountability and Control

4. Integrated Systems

5. Conclusion

References

Part IV Accounting and Control

15. Dynamic Break-Even and Trade-Off Analysis under Transient Cost Behavior

1. Introduction

2. Transient Cost Behavior through Aggregate Learning

3. Technical and Institutional Considerations

4. Specification and Estimation of Technological Structure of Production

5. Empirical Construction of Cost Surface

6. Transient Behavior of the Model

7. Dynamic Break-Even Analysis

8. Dynamic Trade-off Analysis

9. Conclusions: Finding and Further Policy Implications

References

16. Convergence of Cash Recovery Rate

1. Introduction

2. The Economic Significance of Convergence

3. Convergence of Recovery Rate

4. The General Case

References

17. A Theoretical Basis for Inflation Accounting

1. Introduction

2. Theoretical Model

3. Extensions to the Computation of Replacement Cost Indices

4. Summary and Conclusions

Appendix. The Constant Elasticity of Transformation and Substitution (CET-CES) Production Function

References

18. Accounting Disclosures for User Decision Processes

1. Introduction

2. Research Design

3. Empirical Study Problems

4. Research Participants and Collection of Protocols

5. Loan Officer B and Preparation of Supplements

6. Results

7. Conclusions

References

19. An Examination of Alternative Forms of Regulatory Mechanisms: The Case of the Health Care Industry

1. Introduction

2. Background

3. An Examination of the Need for Regulation of the Health Care Industry

4. Alternative Forms of Regulatory Mechanisms

5. A Framework for Evaluating Alternative Regulatory Mechanisms

6. A Case for Self-Regulation

7. Conclusions

Appendix A

Appendix B

References

Appendix Bibliography of the Works of William Wager Cooper

Books and Monographs

Articles and Reviews