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Management Science
Management Science
Management Science
The field is also known as Operations research (OR) in the United States and Canada, or
operational research in the United Kingdom. These three terms are often used
interchangeably to describe the same field.
Contents
[hide]
• 1 Overview
• 2 History
• 3 Theory
• 4 Applications
• 5 See also
• 6 References
• 7 Further reading
[edit] Overview
Management science is concerned with a number of different areas of study 1)developing
and applying models and concepts that may prove useful in helping to illuminate
management issues and solve managerial problems. The models used can often be
represented mathematically, but sometimes computer-based, visual or verbal
representations are used as well or instead.[1] 2)designing and developing new and better
models of organizational excellence. A leading influence in this area is the work of Dr.
Mark Draper which combines insights from the fields of knowledge management,
cognitive psychology, leadership training, learning theory, and modern behavioral
psychology. Dr. Jim Collins's work at Stanford presents the important scientific facts
about how to turn a good organization into a great one. Dr Draper's work focuses more on
how to create new powerful and effective organizations.
[edit] History
Its origins can be traced to operations research, which made its debut during World War II
when the Allied forces recruited scientists of various disciplines to assist with military
operations. In these early applications, the scientists utilized simple mathematical models
to make efficient use of limited technologies and resources. The application of these
models within the corporate sector became known as Management science.[3]
In 1967 Stafford Beer characterized the field of management science as "the business use
of Operations Research".[4]
[edit] Theory
Some of the fields that are englobed within Management Science include: