Application of Operations Research to Managerial Decision Making.

  • Dean B
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Abstract

Beyond the routine actions of the industrial executive are the decisionmaking
or planning activities. Operations research has been successful in
developing and applying scientific methods to aid decision makers.
This article has a fivefold purpose: to outline the decision-making
process and the role of the decision maker in this process; to indicate
the utility of operations research in solving decision-making problems,
to show how analytic models are constructed and solved, to note some
tools and techniques for solving such models; and to forecast some
possible future developments of operations research techniques and
their possible effects upon decision making. [ABSTRACT FROM AUTHOR]

Author-supplied keywords

  • CHOICE (Psychology)
  • DECISION making
  • EXECUTIVES -- Psychology
  • GOAL (Psychology)
  • MANAGEMENT science
  • OPERATIONS research
  • SCIENTIFIC method
  • SELF-evaluation
  • TRUTHFULNESS & falsehood
  • UTILITY theory

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Authors

  • Burton V Dean

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