David B. Hertz

David B. Hertz

David Bendel Hertz is known for his contributions to operations research in general, and specifically [1] for pioneering the use of Monte Carlo methods in finance. He was a director at McKinsey & Company and at Arthur Andersen [2].

He is published and cited in various Journals on technology, management and operations research, and has authored several textbooks. His most widely cited papers include [3] Electronics in Management (Management Science, February 1965), Risk Analysis in Capital Investment (Harvard Business Review, January/February 1964) and Investment Policies That Pay Off (Harvard Business Review, January/February 1968).

He served as TIMS President (1964), ORSA President (1974), and was a recipient of the Kimball Medal (1981). He is also a fellow of INFORMS (2002) [4].

His Ph.D. in Mathematics from Columbia University (1953) discussed "The Theory and Practice of Industrial Research" [5].



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