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.[3]
He was a professor at the University of Miami, where he was distinguished professor of artificial intelligence, director of the University of Miami Intelligent Computer Systems Research Institute, and a professor of management science and law.[4] He served as TIMS President (1964), ORSA President (1974), and was a recipient of the George E. Kimball Medal (1981). He was also a fellow of INFORMS (2002).[3] Previously, he had been a practicing lawyer, and a partner at McKinsey and Company and at Arthur Andersen Company. He was also a professor at Columbia University. He served as a commander in the U.S. Navy during World War II.[1] He was affectionately nicknamed "Cuz-Cuz" by his peers.
^Baker, E. and Plant, R.T., "A Profile of David Bendel Hertz". in Profiles in Operations Research, Arjang A. Assad and Saul I. Gass, editors. International Series in Operations Research and Management. Springer Publishing, (pp. 403-413) 2011