Accession Number : AD0606949

Title :   PLANNING FOR LIQUIDITY IN SAVINGS AND LOAN ASSOCIATIONS,

Corporate Author : NORTHWESTERN UNIV EVANSTON ILL TECHNOLOGICAL INST

Personal Author(s) : Charnes,A. ; Thore,Sten

Report Date : MAY 1964

Pagination or Media Count : 12

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)

Descriptors :   (*ECONOMICS, MATHEMATICAL MODELS), (*BANKING, MATHEMATICAL MODELS), MANAGEMENT ENGINEERING, COSTS, BUDGETS, MONEY, EQUATIONS, LINEAR PROGRAMMING, PROBABILITY, STOCHASTIC PROCESSES, MANAGEMENT PLANNING AND CONTROL, MATHEMATICAL PREDICTION

Distribution Statement : APPROVED FOR PUBLIC RELEASE