Hi Management Students,
Check out this superb ebook on Management Science for BBA and Management students. There are few lecture notes with me that i will share later.The modules covered in this PDF are as follows:
Management Science
MANAGEMENT SCIENCE
Management science is a synonymous with operational research.Operation s research provides a quantitative technique or a scientific approach to the executives for making good decisions for operation under control. It provides a scientific approach to problem solving for executive management.
Definitions
Operations research is the application of methods of science to complex problems arising in the direction and management of large systems of man, machine, material and money in industry, business, government and defence. The distinctive approach is to develop a scientific model of the system, incorporating measurements of factors such as chance and risk, with which to predict and compare the outcomes of the alterative decisions, strategies and control. The purpose is to help management, determine its policy and actions scientifically.
Objectives of operations research
The objective of Operations Research is to provide a scientific basis to the decision maker for solving the problems involving the interaction of various components of an organization by employing a team of scientists from various disciplines, all working together for finding a solution which is in the best interest of the organization as a whole. The best solution thus obtained is known as optimal decision.
Check out this superb ebook on Management Science for BBA and Management students. There are few lecture notes with me that i will share later.The modules covered in this PDF are as follows:
Management Science
- MEANING OF MANAGEMENT SCIENCE
- LINEAR PROGRAMMING PROBLEM
- NETWORK ANALYSIS
- DECISION THEORY
- TRANSPORTATION MODEL
MANAGEMENT SCIENCE
Management science is a synonymous with operational research.Operation s research provides a quantitative technique or a scientific approach to the executives for making good decisions for operation under control. It provides a scientific approach to problem solving for executive management.
Definitions
Operations research is the application of methods of science to complex problems arising in the direction and management of large systems of man, machine, material and money in industry, business, government and defence. The distinctive approach is to develop a scientific model of the system, incorporating measurements of factors such as chance and risk, with which to predict and compare the outcomes of the alterative decisions, strategies and control. The purpose is to help management, determine its policy and actions scientifically.
Objectives of operations research
The objective of Operations Research is to provide a scientific basis to the decision maker for solving the problems involving the interaction of various components of an organization by employing a team of scientists from various disciplines, all working together for finding a solution which is in the best interest of the organization as a whole. The best solution thus obtained is known as optimal decision.
Content Syndicated from: BBA - Management Science pdf,lecture notes,ebook download for BBA students
via. Studynama - Powering Engineers, Managers, Doctors & Lawyers
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