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2011 | OriginalPaper | Chapter

22. David Bendel Hertz

Authors : Edward K. Baker, Robert T. Plant

Published in: Profiles in Operations Research

Publisher: Springer US

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Abstract

David Bendel Hertz, through his writings and his work at the management consulting firms of Arthur Andersen and Company and McKinsey and Company, helped bring the ideas and methods of operations research (OR) to the corporate world. In particular, he defined the field of modern risk analysis with his 1964 seminal paper, “Risk Analysis in Capital Investment,” that appeared in the Harvard Business Review. This paper achieved the status of a Harvard Business Review Classic in 1979. He is a founding member of both the Operations Research Society of America (ORSA) and The Institute of Management Sciences(TIMS); he is one of only five individuals who served as president of both organizations (TIMS in 1964; ORSA in 1974). David received the George E. Kimball Medal for outstanding service to the profession from ORSA and is a fellow of the Institute for Operations Research and the Management Sciences (INFORMS). He served as president of the International Federation of Operational Research Societies (IFORS) from 1977 to 1979.

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Literature
Hertz DB (1950) The theory and practice of industrial research. McGraw-Hill, New York, NY
Hertz DB (1957) Progress of industrial operations research in the US In: Davies M, Eddison R, Page T (eds) Proceedings of the first international conference on operational research (Oxford 1957). The English Universities Press, London, pp 455–467
Hertz DB (1961) On elegance in operations research. In: Banbury J, Maitland J (eds) Proceedings of the second international conference on operational research (Aix-en-Provence 1960). English Universities Press, London, pp 33–43
Hertz DB (1964) Risk analysis in capital investment. Harv Bus Rev 42(1):95–106
Hertz DB (1965) The unity of science and management. Manage Sci 11(6):B-89–97CrossRef
Hertz DB (1968) Investment policies that pay off. Harv Bus Rev 46(1) 96–108
Hertz DB (1969) New power for management, computer systems and management science. McGraw-Hill, New York, NY
Hertz DB (1979) HBR classic: risk analysis in capital investment. Harv Bus Rev 57(5):169–181
Hertz DB (1983) Artificial intelligence and the business manager. Computerworld 17(43):20–21
Hertz DB (1988) The expert executive; using AI and expert systems for financial management, marketing production, and strategy. Wiley, New York, NY
Hertz DB, Schaffir KH (1960) A forecasting method for management of seasonal style-goods inventories. Oper Res 8(1):45–52CrossRef
Hertz DB, Thomas H (1983) Risk analysis and its applications. Wiley, New York, NY
Hertz DB, Thomas H (1984) Practical risk analysis, an approach through case histories. Wiley, New York, NY
Horner P (1993) TIMS turns 40. ORMS Today 20(2):40–43
Hu Q, Plant R, Hertz DB (1998) Software cost estimation using economic production models. J Manage Inf Syst 15(1):143–163
New York Times (1967) Chart room to aid Lindsay by listing data for decisions. September 23.
Metadata
Title
David Bendel Hertz
Authors
Edward K. Baker
Robert T. Plant
Copyright Year
2011
Publisher
Springer US
Book
Profiles in Operations Research

Print ISBN: 978-1-4419-6280-5

Electronic ISBN: 978-1-4419-6281-2

Copyright Year: 2011

DOI
https://doi.org/10.1007/978-1-4419-6281-2_22