Premium
A New Application of TRUE Math Programming Optimization for Finance: The Optimized Income Statement (OIS)
Author(s) -
Dybvig Alan
Publication year - 2016
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22136
Subject(s) - deliverable , statement (logic) , analytics , key (lock) , computer science , supply chain optimization , income statement , operations research , financial statement analysis , financial statement , finance , supply chain , economics , business , accounting , data science , financial analysis , management , supply chain management , engineering , marketing , computer security , balance sheet , political science , law , audit
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.