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Introduction To Management Science
Introduction To Management Science
Management Science
Mara Shaira A. Siega, CPA, MBA, CTT
Learning Objectives
❑Demonstrate the complexity of decision-making.
❑Define and explain management science.
❑List the characteristics of management science.
❑Discuss the major limitations of management science.
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mean?
What does
Management Science
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Characteristics of Management Science
Managerial decision-making
Use of technology
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Limitations of Management Science
Interpretation of Non-quantifiable
results factors
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Areas of
Application
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• Collecting information
• Identifying alternatives
Decision- 3
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• Planning and implementing
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• Reviewing and evaluating the outcome
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Tools of Management Science
❖Allocation Models ❖Dynamic Programming
❖Inventory Models Models
❖Queuing Models ❖Markov Analysis
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Definition of Terms
Feasible VS Infeasible
Unique VS Multiple
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Questions?