Management science

Management science is an interdisciplinary field that focuses on the application of analytical methods to solve complex organizational problems and improve decision-making processes. It combines techniques from various disciplines, such as mathematics, statistics, economics, and computer science, along with principles from business and management theory. Key components of management science include: 1. **Quantitative Analysis**: Utilizing mathematical and statistical techniques to analyze data and inform decisions. This often involves operations research, linear programming, simulations, and forecasting.