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About Module 1 Overview of Management Science
1. Management science is the application of scientific principles to solve business problems and help managers make better decisions. It uses quantitative techniques adapted from fields like mathematics and engineering. 2. The module will define management science, discuss problem solving and decision making processes, and introduce quantitative modeling techniques. Students will learn to construct cost, revenue, and profit models and identify different management science methods. 3. Management science aims to help managers identify alternatives, evaluate them using quantitative criteria, and choose an optimal solution to implement. It provides recommendations but final decisions are up to managers based on both quantitative and qualitative analyses.
Detailed Information
| Author: | ['Raphael Galit'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 10 |
| Language: | English |
| Format: | |
| Price: | FREE |
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