A zero-one goal programming model for capital budgeting in a property and liability insurance company

Kenneth D. Lawrence, Gary R. Reeves

Research output: Contribution to journalArticlepeer-review

9 Scopus citations

Abstract

This paper presents a zero-one goal programming model for capital budgeting in a property and liability insurance company. The model structure allows for the inclusion of multiple goals, indivisible projects and a multiple period planning horizon. The model offers an advantage of being closer to reality than many previous models and, at the same time, is easy for decision makers to understand and use. Model solutions and sensitivity analyses are presented.

Original languageEnglish (US)
Pages (from-to)303-309
Number of pages7
JournalComputers and Operations Research
Volume9
Issue number4
DOIs
StatePublished - 1982
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • General Computer Science
  • Modeling and Simulation
  • Management Science and Operations Research

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