5 Questions
Which term is NOT synonymous with Management Science?
Business Analytics
Who is considered the founder of Management Science?
Frederick W. Taylor
When did Management Science start to flourish in business and industry?
During World War II
What is one of the methodological developments that contributed to the flourishing of Management Science?
Simplex Method for solving linear programming problems
What is the main focus of Management Science?
Using quantitative approaches to decision making
Study Notes
Management Science Basics
- Operational Research is synonymous with Management Science
- Not synonymous with Management Science: Operations Management
- Founder of Management Science: Frederick W. Taylor
- Management Science started to flourish in business and industry: Post-WWII period
- Methodological development that contributed to flourishing: Development of linear programming
- Main focus of Management Science: Using analytical methods to make better decisions in organizations
Test your knowledge of management science and decision-making with this quiz! Explore the basics of management science, its quantitative approaches, and its role in arriving at optimum solutions.
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