David Bendel Hertz (c. 1919 – June 13, 2011)[1] was an operations research practitioner and academic, known for various contributions to the discipline, and specifically, and more widely,[2] for pioneering the use of Monte Carlo methods in finance.
He developed innovative modeling approaches for the solution of complex management issues.
His earliest publications added insights to the industrial process of research and development.
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 [1] 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).