Data, Models, and Decisions: The Fundamentals of Management Science

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South-Western College Pub., 2000 - Business & Economics - 530 pages
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The book combines topics from two traditionally distinct quantitative subjects: probability/statistics and optimization models, into one unified treatment of quantitative methods and models for management and business. The book stresses those fundamental concepts that are most important for the practical analysis of management decisions: modeling and evaluating uncertainty explicitly, understanding the dynamic nature of decision-making, using historical data and limited information effectively, simulating complex systems, and allocating scarce resources optimally.

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Contents

Brief Table of Contents CHAPTER 1 DECISION ANALYSIS
2
FUNDAMENTALS OF DISCRETE PROBABILITY
50
CONTINUOUS PROBABILITY DISTRIBUTIONS AND THEIR APPLICATIONS
111
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