## Content

### April 1976, Volume 22, Issue 8

**921-923 Note--Optimal Portfolio Revision with Proportional Transaction Costs: Extension to Hara Utility Functions and Exogenous Deterministic Income***by*George M. Constantinides**924-925 Notes About Authors***by*anonymous

### March 1976, Volume 22, Issue 7

**727-738 A Comprehensive Planning Model for Long-Range Academic Strategies***by*A. Walters & J. Mangold & E. G. P. Haran**739-747 On the Concept of the Value of Information in Competitive Situations***by*Jean-Pierre Ponssard**748-758 An Improved Long-Run Model for Multiple Warehouse Location***by*Dennis J. Sweeney & Ronad L. Tatham**759-765 Some Easy Postoptimality Analysis for Zero-One Programming***by*Christopher J. Piper & Andris A. Zoltners**766-777 The Use of the Nash Bargaining Model in Trajectory Selection***by*James Bonnardeaux & Jean-Pierre Dolait & James S. Dyer**778-787 A Least Total Distance Facility Configuration Problem Involving Lattice Points***by*Albert W. Chan & Richard L. Francis**788-798 A Computational Algorithm for Multi-Contract Bidding Under Constraints***by*David Goodman & Hans Baurmeister**799-809 On Risky Investments with Random Timing of Cash Returns and Fixed Planning Horizon***by*Stylianos Perrakis & Izzet Sahin**810-822 Control Schemes in Queueing Networks***by*A. Brandwajn**823-824 Note--A Note on "Lot Size Scheduling on a Single Machine for Stochastic Demand" by Goyal***by*Roger C. Vergin**824-825 Author's Reply to Vergin's Note on the Paper "Lot Size Scheduling on a Single Machine for Stochastic Demand"***by*S. K. Goyal**825-825 Critical Ratio Scheduling: An Experimental Analysis: Erratum***by*William L. Berry & Vittal Rao**826-827 Notes About Authors***by*anonymous

### February 1976, Volume 22, Issue 6

**629-638 Optimal Storage Assignment in Automatic Warehousing Systems***by*Warren H. Hausman & Leroy B. Schwarz & Stephen C. Graves**639-651 Industrial Market Forecasting with Anticipations Data***by*Richard Rippe & Maurice Wilkinson & Donald Morrison**652-663 An Interactive Programming Method for Solving the Multiple Criteria Problem***by*Stanley Zionts & Jyrki Wallenius**664-676 Production-Inventory Decisions under Order-Occurrence Risk: The Deterministic Order Quantity Case***by*Richard R. Jesse, Jr.**677-687 Dynamic Correction in Marketing Planning Models***by*Charles B. Weinberg**688-693 Some New Results on Compromise Solutions for Group Decision Problems***by*M. Freimer & P. L. Yu**694-700 Potential Avoidability: A Statistic for Controlling In-Patient Utilization in Acute Care Hospitals***by*R. W. Chorba**701-703 Note--A Mathematical Programming Formulation of Estimation Problems Related to Contingency Tables***by*Edward L. Melnick & Uri Yechiali**704-705 Note--A Note on "The Formulation of the M-Salesman Traveling Salesman Problem"***by*Bezalel Gavish**706-706 Note--Response to "A Note on `The Formulation of the M-Salesman Traveling Salesman Problem'"***by*Joseph A. Svestka**707-707 Note--Correction Note to: "A Statistical Estimator in a Problem of Stochastic Dominance" by E. H. Mantell, Management Science, Vol. 21 No. 3 (November 1974), pp. 326-329***by*E. H. Mantell**708-712 Note--Comments on Goal Programming for Aggregate Planning***by*Ulf Peter Welam**713-716 Note--A Note on Range Programming: Introducing a "Satisficing Range" in a L.P***by*Gilles Laurent**717-720 Notes on Hofshi and Korsh 1972***by*Prafulla Joglekar**720-723 Reply to: "Notes on Hofshi and Korsh 1972"***by*Rami Hofshi & James Korsh**724-725 Notes About Authors***by*anonymous

### January 1976, Volume 22, Issue 5

**509-514 On the Management Science Ten Page Constraint***by*Donald Erlenkotter**515-527 Optimizing the Procurement of Aviation Fuels***by*Larry M. Austin & William W. Hogan**528-539 A Balance Model for Evaluating Subsets of Multiattributed Items***by*Peter H. Farquhar & Vithala R. Rao**540-546 An Application of Queueing Theory to Reservation Newtorks***by*M. F. Driscoll & N. A. Weiss**547-557 Modeling for the Management of Library Collections***by*Bani K. Sinha & Richard C. Clelland**558-569 A Simulation Study of Alternative Pollution Control Enforcement Systems***by*Paul B. Downing & William D. Watson, Jr.**570-575 Input Policies for a Longitudinal Manpower Flow Model***by*Richard C. Grinold**576-586 Line Search Techniques Based on Interpolating Polynomials using Function Values Only***by*Arie Tamir**587-596 A Heuristic Adjacent Extreme Point Algorithm for the Fixed Charge Problem***by*Warren E. Walker**597-605 Scheduling of Work Forces Required in Continuous Operations Under Alternative Labor Policies***by*William S. Brownell & James M. Lowerre**606-613 A Hybrid Algorithm for the Computation of Fixed Points***by*C. B. Garcia**614-617 Note--One-Dimensional Facility Location-Allocation using Dynamic Programming***by*Robert F. Love**618-626 Working Papers***by*anonymous**627-628 Notes About Authors***by*anonymous

### December 1975, Volume 22, Issue 4

**391-400 Compound-Return Mean-Variance Efficient Portfolios Never Risk Ruin***by*Nils H. Hakansson & Bruce L. Miller**401-410 Optimal Maintenance Policy for a Fleet of Vehicles***by*I. Brosh & E. Shlifer & Y. Zeira**411-421 A Computer Simulation Model for the Control of Rabies in an Urban Area of Colombia***by*Ralph R. Frerichs & Juan Prawda**422-426 Regression Analysis for Multiplicative Phenomena and its Implication for the Measurement of Investment Risk***by*Meir I. Schneller**427-429 On the Linear Complementarity Problem***by*Arza K. Rao**430-437 Group Decision Making Using Cardinal Social Welfare Functions***by*Ralph L. Keeney & Craig W. Kirkwood**438-448 Explicit Solutions in Convex Goal Programming***by*A. Charnes & W. W. Cooper & D. Klingman & R. J. Niehaus**449-454 A Note on Information Value Theory for Experiments Defined Extensive Form***by*Jean-Pierre Ponssard**455-460 Improved Linear Integer Programming Formulations of Nonlinear Integer Problems***by*Fred Glover**461-469 Optimal Operation of Public Lotteries***by*Arnon Perry & Richard M. Soland**470-476 Duels with Continuous Firing***by*John Patrick Lang & George Kimeldorf**477-486 Stochastic Dominance Tests for Selecting Acceptable Debt Issuance Strategies***by*Leroy D. Brooks**487-497 Nash Equilibria in a Sealed Bid Auction***by*Benjamin T. Smith & James H. Case**498-500 Note--A Comment on Blau's Dilemma in "Stochastic Programming" and Bayesian Decision Analysis***by*A. Charnes & W. W. Cooper**501-504 Note--A Note on First-Degree Stochastic Dominance and Portfolio Composition***by*William F. Rentz & Richard B. Westin**505-507 Notes About Authors***by*anonymous

### November 1975, Volume 22, Issue 3

**261-273 Discrete Optimal Control of Production Plans***by*P. R. Kleindorfer & C. H. Kriebel & G. L. Thompson & G. B. Kleindorfer**274-285 Capacity Planning for Large Multilocation Systems: Approximate and Incomplete Dynamic Programming Approaches***by*Donald Erlenkotter**286-297 The Design of Management Information Systems an Information Analysis Approach***by*William R. King & David I. Cleland**298-308 Manufacturing Cycle Time Determination for a Multi-Stage Economic Production Quantity Model***by*Andrew Z. Szendrovits**309-320 Sales Territory Design: An Integrated Approach***by*Roy J. Shanker & Ronald E. Turner & Andris A. Zoltners**321-330 Effective Comparison of Unconstrained Optimization Techniques***by*D. F. Shanno & K. H. Phua**331-339 Capacity Expansion with Two Producing Regions and Concave Costs***by*C. O. Fong & M. R. Rao**340-358 Exceptional Paper--Probability Encoding in Decision Analysis***by*Carl S. Spetzler & Carl-Axel S. Staël Von Holstein**359-370 Information and Decision Systems for Production Planning***by*Herbert Moskowitz & Jeffrey G. Miller**371-375 A Markovian Analysis of a Single Conveyor System***by*G. Gregory & C. D. Litton**376-383 Comparative Evaluation of Two Sets of Social Indicators***by*Emil E. Malizia**384-385 An Alternate Approach to Indicator Development***by*Michael J. Flax**386-386 Note--Note on "Determination of Optimum Packaging Frequency of Items Jointly Replenished"***by*S. K. Goyal**387-389 Notes About Authors***by*anonymous

### October 1975, Volume 22, Issue 2

**139-147 Outdoor Recreation Areas: Capacity and the Formulation of Use Policy***by*Alton J. Penz**148-157 On the Optimality of Structured Policies in Countable Stage Decision Processes***by*Evan L. Porteus**158-166 A Dynamic Programming Solution to Cost-Time Tradeoff for CPM***by*Don R. Robinson**167-171 Queueing Models of Community Correctional Centers in the District of Columbia***by*Carl M. Harris & T. R. Thiagarajan**172-181 Comparison of Computer Algorithms and Visual Based Methods for Plant Layout***by*Michael Scriabin & Roger C. Vergin**182-191 Group Decisions in the Face of Differences of Opinion***by*Michael Bacharach**192-201 Critical Ratio Scheduling: An Experimental Analysis***by*William L. Berry & Vittal Rao**202-211 Utilization of Idle Time in an M/G/1 Queueing System***by*Yonatan Levy & Uri Yechiali**212-219 An Integrated Model for Accounts Receivable Management***by*Zvi Lieber & Yair E. Orgler**220-225 Optimal Portfolio Decision Making Where the Horizon is Infinite***by*Bruce L. Miller**226-235 Policy Making Under Discontinuous Change: The Situational Normativism Approach***by*Melvin F. Shakun**236-258 Working Papers***by*anonymous**259-260 Notes About Authors***by*anonymous

### September 1975, Volume 22, Issue 1

**1-11 The Value of Sequential Information***by*Allen C. Miller**12-21 Multivariate Risk Aversion, Utility Independence and Separable Utility Functions***by*Scott F. Richard**22-29 Perception of Problem Constraints***by*Ronald N. Taylor**30-41 Efficient Estimators for Simulated Queueing Systems***by*Averill M. Law**42-50 An Efficient One Dimensional Search Procedure***by*R. L. Fox & L. S. Lasdon & Arie Tamir & Margery Ratner**51-56 Solutions of Constrained Location Problems***by*Arthur P. Hurter, Jr. & Margaret K. Schaefer & Richard E. Wendell**57-65 The Multiperiod Location-Allocation Problem with Relocation of Facilities***by*George O. Wesolowsky & William G. Truscott**66-75 Evaluation of University Professors' Research Performance***by*Lawrence R. Jauch & William F. Glueck**76-86 Global Minimization in Nonconvex All-Quadratic Programming***by*Gary R. Reeves**87-95 A Primal-Dual Traffic Assignment Algorithm***by*E. R. Petersen**96-105 Nash Equilibrium Strategies for the Problem of Armament Race and Control***by*M. Simaan & J. B. Cruz, Jr.**106-110 Characterising the Finite Capacity GI/M/1 Queue with Renewal Output***by*G. M. Laslett**111-115 Note--A Note on Modeling the Relationship of Diminishing Returns to Media Overlap for the Media Planning Problem***by*Leonard M. Lodish**116-124 Examining the Pattern of Response Behavior in a Media Model***by*Fred S. Zufryden

### August 1975, Volume 21, Issue 12

**1361-1369 Mathematical Models for Optimal Timing of Drilling on Multilayer Oil and Gas Fields***by*Djangir A. Babayev**1370-1379 Economic Optimization of Offshore Petroleum Development***by*Les Frair & Mike Devine**1380-1386 The Costs of Industrial Product Innovations***by*Edwin Mansfield & John Rapoport**1387-1396 Comparative Evaluation of Some Interactive Approaches to Multicriterion Optimization***by*Jyrki Wallenius**1397-1404 On Optimal Pollution Control Policies***by*Vijay S. Bawa**1405-1416 Analyzing Multi-Commodity Distribution Networks Having Milling-in-Transit Features***by*Robert E. Markland**1417-1427 A Simplified Algorithm for Obtaining Approximate Solutions to Zero-One Programming Problems***by*Yoshiaki Toyoda**1428-1437 Investment Analysis Using the Probability Distribution of the Internal Rate of Return***by*William Fairley & Henry D. Jacoby**1438-1446 Stochastic Dominance Tests for Decreasing Absolute Risk Aversion. I. Discrete Random Variables***by*R. G. Vickson**1447-1457 A Model for Manpower Management***by*Gary L. Lilien & Ambar G. Rao**1458-1465 Planning for Computer Networks: The Trade Analogy***by*Sanford V. Berg**1466-1470 Note--A Note on Cord's Method of Allocating Funds to Investment Projects***by*D. Galai**1471-1476 A Note on "The Equivalence of Integer Programs to Constrained Recursive Systems"***by*Charles H. Kafpauf**1477-1480 Estimating the Mean and Variance of Subjective Distributions in PERT and Decision Analysis***by*C. Perry & I. D. Greig

### July 1975, Volume 21, Issue 11

**1215-1224 Simulating Stable Stochastic Systems, IV: Approximation Techniques***by*Michael A. Crane & Donald L. Iglehart**1225-1233 On Dynamic Programming with Unbounded Rewards***by*Steven A. Lippman**1234-1249 Optimal and Heuristic Decisions in Single-and Multi-Item Inventory Systems***by*Eliezer Naddor**1250-1262 Optimal Multi-Product Production Scheduling and Employment Smoothing with Deterministic Demands***by*John S. C. Yuan & Jeffrey H. Horen & Harvey M. Wagner**1263-1271 Optimal Portfolio Revision with a Proportional Transaction Cost***by*Jules H. Kamin**1272-1284 Economic Design of Fraction Defective Control Charts***by*Douglas C. Montgomery & Russell G. Heikes & Joseph F. Mance**1285-1294 Optimal and System Myopic Policies for Multi-Echelon Production/Inventory Assembly Systems***by*Leroy B. Schwarz & Linus Schrage**1295-1302 The Solution of Leontief Substitution Systems using Matrix Iterative Techniques***by*Gary J. Koehler & Andrew B. Whinston & Gordon P. Wright**1303-1307 Optimality of Myopic Inventory Policies for Certain Dependent Demand Processes***by*G. D. Johnson & H. E. Thompson**1308-1319 Bounds for Preference Function Assessment***by*Stephen P. Bradley & Sherwood C. Frey, Jr.**1320-1325 On the Evaluation of a Class of Inventory Policies for Perishable Products Such as Blood***by*Eric Brodheim & Cyrus Derman & Gregory Prastacos**1326-1331 A Note on Optimal Service Selection in a Single Server Queue***by*R. Schassberger**1332-1337 Note--Planning and Forecast Horizons for the Bond Refunding Problem***by*Yoram Friedman & Zvi Lieber**1338-1341 A Note on the Ratio of Two Normally Distributed Variables***by*Jack Hayya & Donald Armstrong & Nicolas Gressis**1342-1345 On a Conjecture of Iglehart***by*Arie Hordijk & Henk Tijms**1346-1348 An Informal Look at the Principle of Optimality***by*Evan Porteus**1352-1354 Notes About Authors***by*anonymous

### June 1975, Volume 21, Issue 10

**1089-1101 An Aircraft Collision Model***by*Robert E. Machol**1102-1112 A Model of a Distribution Network Aggregate Performance***by*Philippe A. Naert & Alain V. Bultez**1113-1122 Dynamic Price Models for New-Product Planning***by*Bruce Robinson & Chet Lakhani**1123-1132 The Importance of "Weltanschauung" in Operations Research: The Case of the School Busing Problem***by*David H. Stimson & Ronald P. Thompson**1133-1143 Implementation of Analytical Planning Systems***by*Michael A. Moses**1144-1155 Optimization of Pentathlon Training Plans***by*Shaul P. Ladany**1156-1163 Solution of the Multi-Asset Finite Horizon Investment Renewal Problem***by*Robert R. Trippi & Basheer M. Khumawala**1164-1175 Recent Advances in R&D Benefit Measurement and Project Selection Methods***by*Norman Baker & James Freeland**1176-1185 Antithetic Variates, Common Random Numbers and Optimal Computer Time Allocation in Simulation***by*Jack P. C. Kleijnen**1186-1193 Multi-Item Lot Size Scheduling by Heuristic Part I: With Fixed Resources***by*E. F. Peter Newson**1194-1203 Multi-Item Lot Size Scheduling by Heuristic Part II: With Variable Resources***by*E. F. Peter Newson**1204-1205 Comment on "Solving the `Marketing Mix' Problem using Geometric Programming"***by*V. Balachandran**1206-1209 Note--A Dominance Relation in Dynamic Lot Sizing***by*Robert F. Williams**1213-1214 Notes About Authors***by*anonymous

### May 1975, Volume 21, Issue 9

**967-975 Ordinal Dynamic Programming***by*Matthew J. Sobel**976-985 Optimal Control of Sales Force Effort in Time***by*Charles S. Tapiero & John U. Farley**986-988 The Warehouse Location Formulation as a Special Type of Inspection Problem***by*R. R. Trippi**989-996 Sequencing Two-Machine Flow-Shops with Finite Intermediate Storage***by*Sujit K. Dutta & Andrew A. Cunningham**997-1006 Optimal Allocation of Resources in a Pari-Mutuel Setting***by*Bernard Rosner**1007-1013 A Deterministic Multi-Period Production Planning Model with Piecewise Concave Production and Holding-Backorder Costs***by*Cary Swoveland**1014-1020 A Node Method for Multiparametric Linear Programming***by*C. Van De Panne**1021-1028 Multi-Item Production Smoothing Models with Almost Closed Form Solutions***by*Ulf Peter Welam**1029-1039 Hierarchical Decomposition in Linear Economic Models***by*Finn Kydland**1040-1048 A Graph Theoretic Formula for the Steady State Distribution of Finite Markov Processes***by*James J. Solberg**1049-1054 Relevant Policies for Markovian Queueing Systems with Many Types of Service***by*Avraham Beja & Ariela Teller**1055-1063 A Multiproduct Inventory System with Interactive Set-Up Costs***by*Fred Andres & Hamilton Emmons**1064-1070 Sequencing for Assembly Lines with Integer Task Times***by*William V. Gehrlein & James H. Patterson**1071-1076 Note--Optimal Heuristic Decisions for the s, S Inventory Policy***by*Eliezer Naddor**1077-1078 Comment on "Representational Systems Theory" by Betz and Mitroff***by*Marvin Berhold**1078-1079 Betz and Mitroff Respond to Berhold***by*Ian I. Mitroff & Frederick Betz**1085-1086 Notes About Authors***by*anonymous

### April 1975, Volume 21, Issue 8

**849-857 The Stochastic Cash Balance Problem with Average Compensating-Balance Requirements***by*Warren H. Hausman & Antonio Sanchez-Bell**858-871 Perceptor: A Model for Product Positioning***by*Glen L. Urban**872-882 Effective Performance Behaviors in a Simulated Policy and Decision Making Environment***by*Joseph Wolfe**883-896 Feasibility of Rent and Tax Incentives for Renovation in Older Residential Neighborhoods***by*Clarence F. Curry & Dennis H. Gensch**897-907 Stochastic Models of a Price Promotion***by*Yoram Kinberg & Ambar G. Rao**908-919 Performance and the Use of an Information System***by*Henry C. Lucas, Jr.**920-930 Television and Efficiency in Higher Education***by*Dean T. Jamison & Keith G. Lumsden**931-936 Resource Planning for Randomly Arriving Stochastic Jobs***by*Norman R. Lyons**937-943 An Optimal Commission Plan for Salesmen's Control Over Price***by*Charles B. Weinberg**944-955 A Comparison of Heuristic and Optimum Solutions in Resource-Constrained Project Scheduling***by*Edward W. Davis & James H. Patterson**956-963 The Science-Technology-Utilization Relationship in Management***by*William H. Gruber & John S. Niles**965-966 Notes About Authors***by*anonymous

### March 1975, Volume 21, Issue 7

**727-752 Exceptional Paper--Markov Renewal Theory: A Survey***by*Erhan Çinlar**753-764 Retaining Productive Units: A Dynamic Programming Model with a Steady State Solution***by*James Flynn**765-776 Supply and Redistribution Rules for Two-Location Inventory Systems: One-Period Analysis***by*Chandrasekhar Das**777-782 Waiting Time Distribution in a Poisson Queue with a General Bulk Service Rule***by*J. Medhi**783-793 Production, Inventory and Capacity Expansion Scheduling with Integer Variables***by*R. H. Barchi & F. T. Sparrow & R. R. Vemuganti**794-805 Zero-Sum Games with "Almost" Perfect Information***by*Jean-Pierre Ponssard**806-812 A Semi-Infinite Game***by*A. L. Soyster**813-822 A Network Approach to a Multi-Facility, Multi-Product Production Scheduling Problem Without Backordering***by*Robert C. Dorsey & Thom J. Hodgson & H. Donald Ratliff**823-832 Optimal Theoretic Advertising Stock Models: A Generalization Incorporating the Effects of Delayed Response from Promotional Expenditure***by*Don H. Mann**833-843 Search and Simulation Selection of a Job-Shop Sequencing Rule***by*James C. Hershauer & Ronald J. Ebert**844-845 Communication to the Editor--A Note on the E-Model of Chance-Constrained Programming with Random b-Vector***by*Willy Gochet**846-847 Notes About Authors***by*anonymous

### February 1975, Volume 21, Issue 6

**607-616 Virtual Measures: A Variance Reduction Technique for Simulation***by*Grace Carter & Edward J. Ignall**617-625 Conditions of Equivalence Among E-V, SSD, and E-H Portfolio Selection Criteria: The Case for Uniform, Normal and Lognormal Distributions***by*George C. Philippatos & Nicolas Gressis**626-637 Predicting Changes in Nasa Satellite Contracts***by*William J. Stevenson & P. Bruce Berra**638-648 An Optimal Inventory Model for the Intermediate Echelon When Repair is Possible***by*Sheldon E. Haber & Rosedith Sitgreaves**649-657 An Alternative to Monte Carlo Sampling in Stochastic Models***by*E. P. King & C. B. Sampson & L. L. Simms**658-668 A Geometric Programming Model for Optimal Allocation of Stream Dissolved Oxygen***by*J. G. Ecker**669-681 Achieving Organizational Consensus with Respect to R&D Project Selection Criteria***by*William E. Souder**682-696 A Bayesian Technique to Discriminate between Stochastic Models of Brand Choice***by*Robert C. Blattberg & Subrata K. Sen**697-707 Diffuse Decision-Making in Hierarchical Organizations: An Empirical Examination***by*C. R. Shumway & P. M. Maher & M. R. Baker & W. E. Souder & A. H. Rubenstein & A. R. Gallant**708-717 Statistical Evaluation of Complex Gaming Performance***by*Herbert H. Hand & Henry P. Sims, Jr.**718-722 Note--A Note on "A Simple CPM Time-Cost Tradeoff Algorithm"***by*S. K. Goyal**723-724 Notes About Authors***by*anonymous