Management Science and Quantitative Research
- [Singapore]
- Overview
Management Science or Management Science (MS) is the broad interdisciplinary study of problem solving and decision making in human organizations, with strong links to management, economics, business, engineering, management consulting and other fields.
Management Science uses a variety of scientific research-based principles, strategies, and analytical methods, including mathematical modeling, statistical, and numerical algorithms, to improve organizational formulation of rational and accurate management by deriving optimal or near-optimal solutions to complex decision-making problems decision-making ability. Management science helps businesses achieve their goals using a variety of scientific methods.
Today, management science covers any organizational activity in which problems are structured mathematically to generate management-related insights.
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