Management science is a wide and interdisciplinary study of solving complex problems and making strategic decisions as it pertains to institutions, corporations, governments and other types of organizational entities. It is closely related to management, economics, business, engineering, management consulting, and other fields. It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms and aims to improve an organization's ability to enact rational and accurate management decisions by arriving at optimal or near optimal solutions to complex decision problems.
Operations research, often shortened to the initialism OR, is a discipline that deals with the development and application of analytical methods to improve decision-making. The term management science is occasionally used as a synonym.
Charles West Churchman was an American philosopher and systems scientist, who was Professor at the School of Business Administration and Professor of Peace and Conflict Studies at the University of California, Berkeley. He was internationally known for his pioneering work in operations research, system analysis and ethics.
Jacob Marschak was an American economist.
Computer simulation is a prominent method in organizational studies and strategic management. While there are many uses for computer simulation, most academics in the fields of strategic management and organizational studies have used computer simulation to understand how organizations or firms operate. More recently, however, researchers have also started to apply computer simulation to understand organizational behaviour at a more micro-level, focusing on individual and interpersonal cognition and behavior such as team working.
Frank M. Bass was an American academic in the field of marketing research and marketing science. He was the creator of the Bass diffusion model that describes the adoption of new products and technologies by first-time buyers. He died on December 1, 2006.
Robert Engel Machol was an American systems engineer and professor of systems at the Kellogg Graduate School of Management of Northwestern University. Machol wrote the earliest significant books directly related to systems engineering. He was also Chief Scientist for the Federal Aviation Administration, President of the Operations Research Society of America, and an encyclopedia editor.
The organizational life cycle is the life cycle of an organization from its creation to its termination. It also refers to the expected sequence of advancements experienced by an organization, as opposed to a randomized occurrence of events. The relevance of a biological life cycle relating to the growth of an organization, was discovered by organizational researchers many years ago. This was apparent as organizations had a distinct conception, periods of expansion and eventually, termination.
Awi Federgruen is a Dutch/American mathematician and operations researcher and Charles E. Exley Professor of Management at the Columbia Business School and affiliate professor at the university's Fu Foundation School of Engineering and Applied Science.
Fred Glover is Chief Scientific Officer of Entanglement, Inc., USA, in charge of algorithmic design and strategic planning for applications of combinatorial optimization in quantum computing. He also holds the title of Distinguished University Professor, Emeritus, at the University of Colorado, Boulder, associated with the College of Engineering and Applied Science and the Leeds School of Business. He is known for his innovations in the area of metaheuristics including the computer-based optimization methodology of Tabu search, an adaptive memory programming algorithm for mathematical optimization, and the associated evolutionary Scatter Search and Path Relinking algorithms.
In queueing theory, a discipline within the mathematical theory of probability, a bulk queue is a general queueing model where jobs arrive in and/or are served in groups of random size. Batch arrivals have been used to describe large deliveries and batch services to model a hospital out-patient department holding a clinic once a week, a transport link with fixed capacity and an elevator.
Laurence Alexander Wolsey is an English mathematician working in the field of integer programming. He is a former president and research director of the Center for Operations Research and Econometrics (CORE) at Université catholique de Louvain in Belgium. He is professor emeritus of applied mathematics at the engineering school of the same university.
Maqbool Dada is a professor at Carey Business School, Johns Hopkins University, with expertise in the areas of operations management, healthcare, and marketing. He is also a core faculty member at the Johns Hopkins School of Medicine’s Armstrong Institute for Patient Safety and Quality.
Michel Louis Balinski was an American and French applied mathematician, economist, operations research analyst and political scientist. Educated in the United States, from 1980 he lived and worked in France. He was known for his work in optimisation, convex polyhedra, stable matching, and the theory and practice of electoral systems, jury decision, and social choice. He was Directeur de Recherche de classe exceptionnelle (emeritus) of the C.N.R.S. at the École Polytechnique (Paris). He was awarded the John von Neumann Theory Prize by INFORMS in 2013.
Özalp Özer is an American business professor specializing in pricing science and operations research. He is the Ashbel Smith Professor of Management Science at the Naveen Jindal School of Management and also currently serves as an affiliated faculty at the MIT Sloan School of Management.
Steven Nahmias is an author and professor of operations management at Santa Clara University. He is best known for his contributions to inventory theory, and, in particular, perishable inventory theory. He is also the author of Production and Operations Analysis, a preeminent text in the field. He is currently an Honorary Fellow of INFORMS and MSOM.
Kamalini Ramdas is a Professor of Management Science and Operations and Deloitte Chair in Innovation & Entrepreneurship at London Business School, with expertise in the areas of innovation, entrepreneurship, and operations management. Ramdas' research examines innovative approaches, including service innovation, operational innovation, and business model innovation, to accelerate value creation in various service and manufacturing industries.
Linda Argote is an American academic specializing in industrial and organizational psychology. She is Thomas Lord Professor of Organizational Behavior and Theory in the Tepper School of Business at Carnegie Mellon University, where she directs the Center of Organizational Learning, Innovation and Knowledge.
Panos (Panagiotis) Kouvelis is the Emerson Distinguished Professor of Supply Chain, Operations, and Technology and director of The Boeing Center for Supply Chain Innovation at the Olin Business School at Washington University in St. Louis. He is best known for his work on supply chain management, supply chain finance, operational excellence, and risk management.
Richard Walter Conway is an American industrial engineer and computer scientist who is the Emerson Electric Company Professor of Manufacturing Management, Emeritus in the Johnson Graduate School of Management at Cornell University. Conway has spent his entire academic career, both as a student and a professor, at Cornell and has held faculty positions at Cornell in several different areas: industrial engineering, operations research, computer science, and management science. He is especially known for his work and publications in foundational questions about computer simulation methodology; in writing about production scheduling theory; in developing computer languages and language compilers, including the widely used PL/C dialect of IBM's PL/I language; in authoring or co-authoring textbooks about computer programming; and in developing simulation software for manufacturing. He was also the first director of the Office of Computing Services at Cornell.
