What is it about?
This is the first application of prescriptive math programming optimization to the flow variables in the income statement. Previous financial optimization efforts have focused on stock variables on the balance sheet.
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Why is it important?
It is now possible to create an income statement that accomplishes the following: 1. Creates the maximally profitable forecast 2. Maximizes the ROI of total sales and marketing's expenditures 3. Designs the optimally feasible supply chain required to make and fulfill the new forecast
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This page is a summary of: A New Application ofTRUEMath Programming Optimization for Finance: The Optimized Income Statement (OIS), Journal of Corporate Accounting & Finance, February 2016, Wiley,
DOI: 10.1002/jcaf.22136.
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