A New Application of TRUE Math Programming Optimization for Finance: The Optimized Income Statement (OIS): And Why It Is Very Important for Finance to Get Started Now!. Issue 3 (March 2016)

• Record Type: Journal Article
• Authors: Dybvig, Alan
• Is Part Of: Journal of corporate accounting & finance. Volume 27:Issue 3(2016:Mar./Apr.)
• Page Start: 11
• Page End: 16
• Publication Date: 2016-03
• Subjects: Accounting -- Periodicals; Accounting -- Law and legislation -- United States -- Periodicals; Corporations -- United States -- Finance -- Periodicals; Corporations -- United States -- Accounting -- Periodicals; 657
• DOI: 10.1002/jcaf.22136
• Languages: English
• ISSNs: 1044-8136

Abstract

Abstract : The time has come for Finance to get started to apply optimization/advanced analytics. By applying advanced analytics to the income statement, the "one report every organization needs, " it is now possible to optimize it, creating an optimized income statement (OIS). The key deliverables of an OIS are an updated forecast that is maximally profitable and an updated supply chain that is the optimally feasible one required to make and fulfill the new forecast. © 2016 Wiley Periodicals, Inc.