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Overview
Management Science
Management Science Application Definitions
Applied Quantitative Analysis Today
100
The foundation of QMA theory
What is the assumption that mathematical techniques can be used for better problem solving.
100
The founding father of this theory
Who is F.W Taylor
100

Mathematical forecasting

What is the application that helps make future projections that are useful in the planning process. Inventory modeling helps control inventories by mathematically establishing how much to order and when.   

100
Things like __________ ___________ apply quantitative analysis to the physical production of goods and services.
What is operation management
200
The first Quantitative Management Approach
What is Management Science
200
Definition of Management Science

What is often used in mathematical techniques to analyze and solve management problems. 

200

Queuing theory

What is the application that helps allocate service personnel or workstations to minimize customer waiting time and service cost.

200
Mathematical skills must be supported with
what is good management
300
The second Quantitative Management Approach
What is Applied Quantitative Analysis
300
(Any) one of the four steps to this approach

What is...

1)  problem is encountered 

2)  It is systematically analyzed

3)  Appropriate mathematical models and computations are applied

4)  An optimum solution is identified  

300
Simulations

What create models of problems so different solutions under various assumptions can be tested.  

300
__________ ___________ are trying to make these programs more accessible to use
Who are software companies