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Management Science

Management Science

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allengentiles1998
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23 views

Management Science

Management Science

Uploaded by

allengentiles1998
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MANAGEMENT SCIENCE

Management science is the study of problem-solving and decision-making in


organizations. You can think of it as applying the scientific method to management,
enabling managers to make decisions for an organization and improve its performance.
It is important because it helps organizations identify issues they must solve, streamline
management efforts, use resources more effectively, and develop roadmaps for
achieving goals (source: coursera.org). Management science can also be defined as a
problem-solving process used by an interdisciplinary team to develop models that
represent simple and complex functional relationships and provide management
guidance for decision-making (source:toolshero.com).
USES AND APPLICATION OF MANAGEMENT SCIENCE
Management science has a number of benefits, which has meant that different fields
have started using it to enhance operational and managerial efficiency. Since its early
start as part of a core approach to the military, the application has found its way to
industries as varied as medical, political, public administration and business.
Management science has provided solutions and identified deeper insights into the
industries in a number of ways. The following examples are among the best examples
of how management science can be applied in a meaningful manner:
1. The airline industry has used management science to create the scheduling
systems for airlines. This has created the system for ensuring the planes are
utilized more efficiently, together with guaranteeing the crew is rotated in the
most efficient way.
2. A number of information systems currently in use by organizations are a result of
management science. The approach has been used to identify and understand
the correct information system strategies.
3. Public administrations have also used management science to identify the flow of
water from water reservoirs. The process identifies the most efficient routes and
cost-effective ways to manage the flow.
As the examples show, there are different ways to utilize management science. The
application of the framework helps organizations create enhanced efficiency in areas
such as cost, production and the level of service by solving the different managerial
problems.
EFFECTIVE USE OF MANAGEMENT SCIENCE
1. Management science helps identify the processes, which work, notice the areas
of weakness, and realize the future possibilities and needs of the organization’s
consumer base. The approach makes the utilization of resources easier, since
the framework can notice the availability of resources and the proper use of
them.
2. Management science can increase the overall efficiency of the organization and
make decision-making easier and more defined.

3. It has the ability to design measures that can be used to identify and evaluate the
effectiveness of the processes currently in use. Management science looks at the
current situation and compares it with other possibilities, creating measurable
predictions.

4. Management science enforces better co-operation between the management


and the labor. The enhanced processes create an environment of clarity in the
workplace and provide more security to the workforce in terms of knowing their
position and the health and safety of the employee. If relations between the
management and the labor are harmonious and built on trust and respect,
industrial disputes are less likely to take place.

Furthermore, the management science approach can be utilized more effectively


specifically in the following core areas of any business:
Planning – The management science approach can be used in the planning
because it identifies and predicts the results of certain processes. The approach
makes it easier to understand the future needs of the organization based on the
current and future models, as well as the objectives the organization is looking to
fulfill.
Organizing – Creating systems that efficiently focus on the specifically defined
processes and tasks. Furthermore, it makes it easier to direct resources to their
right places.
Leading and controlling operations – Since the approach focuses on
management, it can boost the way the organization leads. It can help individual
managers focus on the most important aspects of the organization and improve
their decision-making skills.
Efficiency in the following core areas of business will provide boosts in productivity,
industrial peace and enhance the organization’s ability to specialize its products and
services. Productivity results from the efficiency in planning, organizing and leading, as
the processes are streamlined and different parts of the organization focus on the areas
that maximize their efficiency.
Furthermore, the higher productivity can result in increased wages as well, since the
organization doesn’t need to worry about time-wasting and inefficient workforce. As
wages improve, employee motivation is likely to improve, creating a system of
reinforced productivity.

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