“Application of Linear Programming To Financial Budgeting and The Costing Of Funds”

Abstract

This is a classic study, by the “Old Masters”, of the method-centered approach to management problems. It demonstrates once again the extraordinary power of the linear-programming framework, in dealing with complex business-decision problems. Students of the capital-budgeting process will find it filled with insights, and highly suggestive. It may eventually become the established basis for a revised conception of the interaction between financial planning and the economic analysis of engineering projects.