Explain any seven features of management science you are familliar with
i want to understand, be able to differentiate those theories of science and management science, in business management they are also various concepts of management,
management Science theory was developed during the second world war just to solve the military problems by the UK and USA. this theory is primarily concerned with decision making. linear programmings, game theory, sampling theory, probability theory and simulation techniques got developed.
Joel Dean and PMS Blackett are the main contributors to this theory. the following are main features of this theory:
- this doesn't deal with the people aspect of an organization
- encourages disciplined thinking by defining problems.
- presents management with an objective basis for decision making
- emphasizes logical analysis in decision making proces.
- it requires unrealistic assumptions.