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Application of Operations Research to Complex Financial Agreements---A Profit-Sharing Illustration

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  • Melvin F. Shakun

    (Price Waterhouse & Company, New York, New York)

Abstract

In a number of cases, operations-research techniques have solved problems arising in giving effect to complex financial agreements. In the situation to be described, the initial wording of an involved profit-sharing-incentive plan lacked operational definition, and a mathematical approach was needed in order to clarify the basic intent of the interested parties and to translate it into a mutually acceptable set of calculating procedures. The mathematical formulation involves the solution of simultaneous linear or nonlinear equations depending on the amount of profit earned by the company.

Suggested Citation

  • Melvin F. Shakun, 1960. "Application of Operations Research to Complex Financial Agreements---A Profit-Sharing Illustration," Operations Research, INFORMS, vol. 8(1), pages 65-81, February.
  • Handle: RePEc:inm:oropre:v:8:y:1960:i:1:p:65-81
    DOI: 10.1287/opre.8.1.65
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