## Executive decisions and operations research |

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### Contents

HISTORY OF THE MANAGERIAL FUNCTION | 3 |

CHANGING CONCEPTS OF MANAGEMENT | 4 |

COLLEGE TRAINING PROGRAMS AND SCIENTIFIC MANAGEMENT | 5 |

Copyright | |

101 other sections not shown

### Common terms and phrases

achieve amount analysis assignment assume average bounded rationality brand loyalty brand share Brand X calculate carrying costs cent Chapter column competitive competitor consider consumer crew criterion customers decision matrix decision problem decision theory decision-maker decision-maker's demand determine dollars effect employees equation estimate evaluate example executive expected profit expected value fact factors important increase inventory problem investment involved kind linear programming machine mathematical maximize maximum means methods minimax minimize mixed strategy models nature objective observe obtain occur operations research opportunity cost optimal strategy outcome-state outcomes payoff matrix payoff measure plant prob probability distribution probability theory procedure production qualitative question rational reason relationship result shipment situation solution solve specific standard gamble suboptimization sumer theory tion total number unit utility variables warehouse zero