OPERATIONS RESEARCH AND THE ACCOUNTANT,
Abstract
There has been a certain amount of scepticism and even apprehension on the part of accountants with respect to the sudden appearance of scientists in the affairs of the business world. A particularly perplexing feature of operations research is the use of mathematical language, even when dealing with conventional problems. This paper explains in layman's language, why scientists use mathematics both in the physical sciences and in the problemss of the business world. The businessman of the future need not become a mathematician, as mathematics in business may be considered as a highly sharpened form of common sense. As an illustration of the use of mathematics, a cost accounting problem is discussed and it is shown that a statistical definition of 'overhead' can lead to simplified pricing methods and management controls. Also, some of the confusing aspects of 'overhead' accounting can be avoided by using mathematical techniques. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1936
- Accession Number
- AD0607337
Entities
People
- Andrew Vazsonyi
Organizations
- TRW Inc.