University of Cebu-Banilad Library

Includes bibliographical references.

Contents: Preface — Pedagogical Aids — Acknowledgement — Part I - Foundations of management science and linear programming — Part II - Strategic decision analysis and forecasting techniques — Part III - Optimizing operations: inventory management, TQM, EOQ, and Six Sigma for excellence — Part IV - Modeling efficiency: transportation, assignment, queueing systems, and poisson distribution — Part V - Mastering projecting excellence: PERT/CPM and Monte Carlo techniques — References.

"As organizations navigate, the challenges of globalization, technological advancements, and competitive pressures, the ability to make informed, data-driven decisions has never been more critical.
The structure of this book reflects a deliberate effort to build a solid understanding of the core concepts before exploring their practical implications. Readers will first delve into the fundamental principles of Management Science, including problem formulation, modeling, and optimization. Subsequent chapters address specialized topics like transportation models, PERT/CPM for project scheduling, and Six Sigma for quality management, ensuring a well-rounded perspective on the subject. From foundational topics like linear programming and inventory management to advanced techniques such as Monte Carlo simulations and forecasting models, this book covers a wide spectrum of methods essential for operational excellence.
This book is designed to serve a diverse audience. For students, it provides a solid foundation for academic and professional growth. For managers and practitioners, it offers actionable insights and tools to drive efficiency, reduce costs, and enhance decision-making. For researchers, it highlights the evolving landscape of Management Science, fostering curiosity and innovation.
Disclaimer:
The authors acknowledge that the theories, principles, and
methodologies discussed in this book are built upon the foundational works and significant contributions of esteemed researchers, mathematicians, and practitioners in the field of Management Science. While every effort has been made to present the concepts clearly, accurately, and cohesively, we do not claim full originality of the content. This book is intended as a comprehensive synthesis of established knowledge and practical applications, thoughtfully organized to enhance learning and understanding for students and professionals alike.
As you embark on this journey through the world of Management Science, we encourage you to approach the concepts with curiosity and a problem-solving mindset. The methodologies discussed in this book are not merely abstract theories but practical tools with the potential to transform organizational performance.
Whether you are planning a project, optimizing a supply chain, or forecasting market trends, the principles of Management Science will guide you toward better decisions and greater success. We hope it inspires you to embrace the power of quantitative methods and leverage them to address the challenges and opportunities of the modern world." —Preface

Adult

Purchased Lauron, Rodello College of Business and Accountancy Business / Management

Text in English