Podcast
Questions and Answers
What is the primary foundation of Management Science?
What is the primary foundation of Management Science?
Who is recognized as the father of scientific management?
Who is recognized as the father of scientific management?
Which of the following is NOT one of Taylor's principles of management?
Which of the following is NOT one of Taylor's principles of management?
What is the first step of the problem-solving process?
What is the first step of the problem-solving process?
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In the context of decision making, what does choosing an alternative signify?
In the context of decision making, what does choosing an alternative signify?
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What method is George Dantzig known for developing?
What method is George Dantzig known for developing?
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Which of the following best describes problem solving?
Which of the following best describes problem solving?
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What is the last step in the problem-solving process?
What is the last step in the problem-solving process?
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Study Notes
What is Management Science?
- Management Science uses the scientific method for effective decision-making and relies heavily on quantitative analysis.
- It is a collaborative problem-solving process where an interdisciplinary team creates models to represent simple and complex functional relationships, aiding management decisions.
- Terms often associated with Management Science include Operational Science and Decision Science.
Historical Context and Key Contributors
- The scientific management revolution began in the early 1900s with Frederic W. Taylor, known as the father of scientific management.
- Taylor established foundational principles for quantitative methods in management: research, standardization, monitoring, and co-working.
- He introduced the Rational Goal Model, emphasizing efficiency and goal-setting in management.
- The modern era of Management Science research emerged during World War II, marked by significant contributions from George Dantzig.
- Dantzig created the "simplex method," a core technique for solving linear programming problems, distinct from computer programming.
Problem Solving and Decision Making
- Problem solving is defined as the process of identifying the gap between the current state and the desired state, followed by actions to bridge that gap.
- The typical steps involved in problem-solving:
- Identify and define the problem.
- Determine alternative solutions.
- Establish criteria for evaluating alternatives.
- Evaluate these alternatives.
- Choose a suitable alternative.
- Implement the selected alternative.
- Assess results to ensure a satisfactory solution has been achieved.
- Decision making primarily encompasses the identification of a problem and culminates in selecting an alternative, which constitutes the actual decision-making act.
- Example: When faced with job offers in different locations (Cebu, Davao, Manila, Cagayan de Oro), alternatives for decision-making can be structured based on location preferences.
- The next phase involves determining the evaluation criteria for these options, which is essential for informed decision-making.
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Description
Explore the fundamentals of Management Science, a discipline that utilizes the scientific method for decision-making. This quiz will cover key concepts, the history of scientific management, and its application in problem-solving through quantitative analysis. Test your understanding of how Management Science guides effective management practices.
