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Application of Management Science in Business

In: Business and Management

Submitted By aamahin
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Department of Management Information Systems

Assignment on:
Application of Management Science in Business
[Type the document subtitle]

Course Title: Management Science
Course Code: EMIS 517
Submitted to:
Professor Dr. Abdul Hannan Mia
Honorable Course Teacher, Dept. of MIS
Submitted by: Name | ID | Batch | Md. Al-Mamun Riyadh | 61427-20-079 | 20th | Abdullah-Al-Kashem | 61427-20-006 | 20th |

Submission date: 31st August, 2014 Management Science
Management Science is concerned with developing and applying models and concepts that help to clarify management issues and solve managerial problems. The models used can often be represented mathematically, but sometimes computer-based, visual or verbal representations are used.
The range of problems and issues to which management science has contributed insights and solutions is vast. It includes scheduling airlines, both planes and crew, deciding the appropriate place to site new facilities such as a warehouse or factory, managing the flow of water from reservoirs, identifying possible future development paths for parts of the telecommunications industry, establishing the information needs and appropriate systems to supply them within the health service, and identifying and understanding the strategies adopted by companies for their information systems.
Scientific Planning
Successful management relies on careful coordination, often using scientific methods in project planning. For example, critical path analysis allows us to identify which tasks in a project will take the longest or adversely affect the length of other tasks, permitting us to focus on those tasks. Computer models can also help we determine utilization and recommend more effective usage. In addition, this type analysis allows us to develop proactive strategies for handling outages and…...

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