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Synopsis: A new automatic data-processing machine for business applications, utilizing a random-access memory system, is described. Unlike the usual batch method of machine-processing business transactions, the technique used permits transfer of information between any two points in the system and makes multi-choice decisions according to the current status of the information. This in-line operational concept is discussed in detail and the data transfer routes and processing controls are shown. Employing punched card input and printed-record output, the IBM (International Business Machines Corporation) 305 accounting machine is designed to handle 10,000 line-transactions per day.
Lesser et al. (Tue,) studied this question.