This is a blind refereed serial publication published on an annual basis. The objective of this research annual is to present state-of-the-art studies in the integration of mathematical programming into financial planning and management. The literature and techniques in financial planning and management are becoming increasingly complex. It is hoped that the monographs aid in the dissemination of research efforts in quantitative financial analysis. The topics will normally include cash management, capital budgeting, financial decisions, portfolio management and performance analysis, and financial planning models. The analyses generally include mixed integer programming, goal programming, biased regression techniques and simulation models, application of forecasting methodologies to such areas as sales, marketing, and strategic decision making (an accurate, robust forecast is critical to effective decision making). It is the hope of the editors that the majority of the papers will simulate questions and possible solutions that are of interest to financial planners.
List of contributors. Part I: Data Envelopment Analysis and Productivity Analysis. Efficiency evaluation of research university libraries using data envelopment analysis (N.K. Kwark, T.S. Choi, S. Kim). Beyond the balanced scorecard (R. Klimberg, F. van Bennekom, K. Lawrence). Measuring performance: A multiple criteria/multiple objective approach data envelopment analysis (T. Elkins, K. Lawrence). Part II: Financial Planning Applications. On non-dominated sets and surfaces in investment portfolio optimization (R. Steuer). A multi-objective approach to the selection of the chief financial officer (D.G. Schniederjans). Decision policy optimization via certainty equivalent functions for exponential utility (R. Davis). The use of goal programming model to improve the efficiency of audit sampling (K. Lawrence, G. Kleinman). Evaluating credit risk using the AHP multi-criteria decision model. (R. Chung, K. Hogan, G. Olsen). A fuzzy decision process of the cost-volume profit analysis under uncertainty (T.Y. Hsiao, S. Wu, T.W. Lin). Part III: Financial Applications. A decision theoretic approach to measuring the cost of environmental quality. (H. Min). A two dimensional warranty policy - effects of warranty execution (A. Mitra, J.G. Patankar). An analytical procedure for evaluating supply chains and JIT policies in collaborative e-commerce environments (A. Mobolurin, K.M. Bryson). Use of computer simulation to evaluate options for the configuration of an extruded food production line (S. Owens, R.R. Levary). A decision support model for supply chain management using multi-criteria mathematical programming (N.K. Kwak, C.W. Lee).