Data, Models, and Decisions: The Fundamentals of Management Science

Data, Models, and Decisions: The Fundamentals of Management Science cover

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Author: Author

Pages: 672

Size: 797,50 Kb

Publication Date: February 28,2000

Category: Management Information Systems



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The book combines topics from two traditionally unique quantitative subjects: probability/statistics and optimization models, into one unified treatment of quantitative methods and models for administration and business. The publication stresses those fundamental principles that are most significant for the practical evaluation of administration decisions: modeling and analyzing uncertainty explicitly, understanding the powerful nature of decision-producing, using historic data and limited info effectively, simulating complicated systems, and allocating scarce assets optimally.


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