Research Reports from the Department of Operations
Document Type
Report
Publication Date
6-1-1969
Abstract
A generalized evaluation program known as EVAL, and a general "present worth" program known as CEBS have been developed in the FORTRAN IV Computer language and are currently operational on a time-sharing or batch basis. The programs lead an individual or a group of people through a systematic step-by-step procedure for evaluating the relative value (utility including present worth) of each of a given set of alternatives with respect to explicitly stated goals and objectives. Applications in such areas as equipment design, selection, optimization and replacement; personnel administration; and allocation of resources are presented.
Keywords
Operations research, Computer programming, FORTRAN (Computer program language), Cost effectiveness, Mathematical optimization, Personnel management, Resource allocation
Publication Title
Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University
Issue
Technical memorandum no. 151
Rights
This work is in the public domain and may be freely downloaded for personal or academic use
Recommended Citation
Taft, Martin I. and Reisman, Arnold, "Computer Time-Saving Applications in Economic Analysis: An Integrated Approach" (1969). Research Reports from the Department of Operations. 93.
https://commons.case.edu/wsom-ops-reports/93