Data. Models and Decisions: A Foundation of Management Science (Includes Disc): A Foundation of Management Science

Author: Robert M. Friend
Publisher:
Publish Date: 2002-05-01
Features: This book integrates the contents of the two distinct fields of probability and statistics and management science into quantitative methods and models for management and business. It emphasizes the fundamental concepts crucial to practical analytical methods for management decisions, focusing on the following aspects: modeling and evaluation of uncertainty, the dynamic nature of decision-making, how to effectively utilize historical data and limited information, how to simulate complex systems, and optimal allocation of scarce resources, etc.