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The Palgrave Encyclopedia of Strategic Management pp 54–56Cite as

Palgrave Macmillan

Arrow, Kenneth J. (Born 1921)

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Abstract

Apart from Kenneth Arrow’s vast contributions to economic science, recognized in the award of a Nobel Prize in 1972 and a Medal of Science in 2004, Arrow was also a major pioneer of the emerging discipline of operations research, especially in his work during the years 1949–1951 on sequential decision-making and its application to inventory theory.

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References

  • Bellman, R. 1952. On the theory of dynamic programming. Proceedings of the National Academy of Science USA 38: 716–719.

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  • Bellman, R. 1957. Dynamic programming. Princeton: Princeton University Press.

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  • Massé, P.B.D. 1946. Les réserves et la régulation de l’avenir dans la vie économique. Paris: Harmann et Cie.

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  • Scarf, H. 1960. The optimality of (S, s) policies in the dynamic inventory problem. In Mathematical methods in the social sciences, ed. K.J. Arrow, S. Karlin, and P. Suppes. Stanford: Stanford University Press.

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  • Wald, A. 1947. Sequential analysis. New York: Wiley.

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Selected Works

  • Arrow, Kenneth J. 1949. On the use of winds in flight planning. Journal of Meteorology 6:150–159.

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  • Arrow, Kenneth J. 1951a. Social choice and individual values. New Haven: Yale University Press.

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  • Arrow, Kenneth J. 1951b. An extension of the basic theorems of classical welfare economics. In Proceedings of the second Berkeley symposium on mathematical statistics and probability. Berkeley: University of California Press.

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  • Arrow, Kenneth J. 1951c. Alternative approaches to the theory of choice in risk-taking situations. Econometrica 19:404–437.

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  • Arrow, Kenneth J. 1957. Statistics and economic policy. Econometrica 25: 523–531.

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  • Arrow, Kenneth J. 1962. The economic implications of learning by doing. Review of Economic Studies 29: 155–173.

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  • Arrow, Kenneth J. 1964. Control in large organizations. Management Science 10: 397–408.

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  • Arrow, Kenneth J. 1965. Aspects of the theory of risk-bearing. Helsinki: Yrjö Jahnsson Foundation.

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  • Arrow, Kenneth J. 1971. Essays in the theory of risk-bearing. Chicago: Markham.

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  • Arrow, Kenneth J. 1974. The limits of organization. New York: Norton.

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  • Arrow, Kenneth J. 1983–1985. Collected papers of Kenneth J. Arrow, vols. 1–6. Cambridge, MA: Harvard University Press.

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  • Arrow, Kenneth J. 2002. The genesis of ‘optimal inventory policy’. Operations Research 50: 1–2.

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  • Arrow, Kenneth J., and G. Debreu. 1954. Existence of an equilibrium for a competitive economy. Econometrica 22:265–290.

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  • Arrow, Kenneth J., and F.H. Hahn. 1971. General competitive analysis. San Francisco: Holden-Day.

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  • Arrow, Kenneth J., and L. Hurwicz. 1977. Studies in resource allocation processes. Cambridge: Cambridge University Press.

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  • Arrow, Kenneth J., and M. Kurz. 1970. Public investment, the rate of return, and optimal fiscal policy. Washington, DC: Resources for the Future.

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  • Arrow, Kenneth J., and M. Raynaud. 1986. Social choice and multicriterion decision-making. Cambridge, MA: The MIT Press.

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  • Arrow, Kenneth J., D. Blackwell, and M.A. Girshick. 1949. Bayes and minimax solutions of sequential decision problems. Econometrica 17:213–244.

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  • Arrow, Kenneth J., T.E. Harris, and J. Marschak. 1951. Optimal inventory theory. Econometrica 19:250–272.

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  • Arrow, Kenneth J., S. Karlin, and H. Scarf. 1958. Studies in the mathematical theory of inventory and production. Stanford: Stanford University Press.

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Author information

Authors and Affiliations

  1. University of Warwick, Department of Economics, CV4 7AL, Coventry, UK

    Peter Hammond

Authors
  1. Peter Hammond
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Corresponding author

Correspondence to Peter Hammond .

Editor information

Editors and Affiliations

  1. GSBPP, Naval Postgraduate School, Monterey, CA, USA

    Mie Augier

  2. Berkeley Research Group, LLC, Emeryville, CA, USA

    David J. Teece

  3. Haas School of Business, University of California, Berkeley, Berkeley, CA, USA

    David J. Teece

Copyright information

© 2018 The Author(s)

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Hammond, P. (2018). Arrow, Kenneth J. (Born 1921). In: Augier, M., Teece, D.J. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-00772-8_617

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