Mastering Management Science
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Questions and Answers

______ is an interdisciplinary study that aims to solve complex problems and make strategic decisions as it pertains to institutions, corporations, governments, and other types of organizational entities.

Management science

Management science is closely related to management, economics, business, engineering, ______, and other fields.

management consulting

Management science uses various scientific research-based principles, strategies, and analytical methods including ______, statistics, and numerical algorithms.

mathematical modeling

Management science aims to improve an organization's ability to enact rational and accurate management decisions by arriving at ______ or near ______ solutions to complex decision problems.

<p>optimal</p> Signup and view all the answers

The field of management science was initially an outgrowth of applied mathematics, where early challenges were problems relating to the optimization of ______ which could be modeled linearly.

<p>systems</p> Signup and view all the answers

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