David Bendel Hertz is known for his contributions to operations research

Operations research

Operations research is an interdisciplinary mathematical science that focuses on the effective use of technology by organizations...

 in general, and specifically http://pages.stern.nyu.edu/~adamodar/pdfiles/papers/probabilistic.pdf for pioneering the use of Monte Carlo methods in finance

Monte Carlo methods in finance

Monte Carlo methods are used in finance and mathematical finance to value and analyze instruments, portfolios and investments by simulating the various sources of uncertainty affecting their value, and then determining their average value over the range of resultant outcomes. This is usually done...

. He was a director at McKinsey & Company

McKinsey & Company

McKinsey & Company, Inc. is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to many businesses, governments, and institutions...

 and at Arthur Andersen

Arthur Andersen

Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms among PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG, providing auditing, tax, and consulting services to large corporations...

 http://www.hbsp.harvard.edu/hbsp/hbr/articles/article.jsp?articleID=68107&ml_action=get-article&print=true.

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 http://scholar.google.co.za/scholar?as_q=&num=50&btnG=Search+Scholar&as_epq=&as_oq=&as_eq=&as_occt=any&as_sauthors=DB+Hertz&as_publication=&as_ylo=&as_yhi=&as_allsubj=some&as_subj=bus&as_subj=eng&hl=en&lr= Electronics in Management (Management Science, February 1965),
Risk Analysis in Capital Investment (Harvard Business Review

Harvard Business Review

Harvard Business Review is a general management magazine published since 1922 by Harvard Business School Publishing, owned by the Harvard Business School. A monthly research-based magazine written for business practitioners, it claims a high ranking business readership among academics, executives,...

, January/February 1964) and Investment Policies That Pay Off (Harvard Business Review

Harvard Business Review

Harvard Business Review is a general management magazine published since 1922 by Harvard Business School Publishing, owned by the Harvard Business School. A monthly research-based magazine written for business practitioners, it claims a high ranking business readership among academics, executives,...

, January/February 1968).

He served as TIMS President (1964), ORSA President (1974), and was a recipient of the Kimball Medal (1981). He is also a fellow of INFORMS (2002) http://www.informs.org/article.php?id=932.

His Ph.D.

Ph.D.

A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...

 in Mathematics

Mathematics

Mathematics is the study of quantity, space, structure, and change. Mathematicians seek out patterns and formulate new conjectures. Mathematicians resolve the truth or falsity of conjectures by mathematical proofs, which are arguments sufficient to convince other mathematicians of their validity...

 from Columbia University

Columbia University

Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...

(1953) discussed "The Theory and Practice of Industrial Research" http://www.genealogy.ams.org/id.php?id=73664.