Decision Data Base

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. An increasing number of managers have come to realize that transactional data in their corporate data bases cannot be used directly to analyze many of their important decision problems. The difficulty is especially apparent if the problems involve large sets of numerical data. This is the case, for example, when managers are confronted with facilities location, production scheduling, or other value chain management problems. It is also the case for portfolio selection and related financial decision problems.