From Wikipedia, the free encyclopedia.
Management Science (MS) is the discipline of using mathematics, and other
analytical methods, to help make better business decisions. While often
considered synonymous with Operations Research
(OR), MS is differentiated by being generally thought to have a more practical,
rather than academic, bent.
Some of the fields that are englobed within Management Science include:decision analysis, optimization, simulation,
forecasting, game
theory, mathematical
modeling, data mining, probability and
statistics, as well as many others.
The Management Scientitst's mandate is to use rational, science-based
techniques to inform and improve business decisions of all kinds.
