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Management science process consists

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Reference no: EM132810533

Question 1.

The Management Science Process consists of 1) understanding the problem, 2) building a representative model, 3) solving the mathematical model and, lastly, 4) monitoring/communicating the outcome. Discuss this process and the importance of each.

Question 2.

When is management science generally applied? What kinds of problems do management scientists face? Provide an example of a "problem" an organization you have been involved with has faced that did, or could have benefited from a management science analysis.

Reference no: EM132810533

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