Baker, Kenneth R.; Weide, James H. Vander - In: Management Science 28 (1982) 7, pp. 738-748
This paper presents a decision-theoretic model of the bond scheduling problem faced by a multi-subsidiary holding company such as AT&T or GTE. The objective is to minimize the total cost of bond flotations across all subsidiaries, where total cost is the sum of the yield paid to investors, the...