man sci Flashcards
what is management science?
management science involves using mathematical and scientific methods to solve management problems.
the objective is to improve decision-making through quantitative techniques and models.
key concepts of man sci
optimization
simulation
modelling
statistical analysis
application in manufacturing
inventory management
production scheduling
quality control
application in healthcare
scheduling
resource allocation
supply chain management
application in finance
portfolio optimization
risk management
credit scoring
retail
demand forecasting
pricing strategies
layout optimization
transportation and logistic
route optimization
fleet management
supply chain coordination
telecommunications
network design
bandwidth allocation
customer service management
energy
resource management
grid management
sustainability planning
government and public services
urban planning
public health
emergency management
agriculture
crop management
supply chain optimization
yield prediction
entertainment and media
content scheduling
audience analysis
revenue management
education
resource allocation
curriculum planning
performance analysis
sports and creation
team management
fan engagement
facility management
steps in the management science
problem definition
model construction
data collection
model solution
implementation
monitoring and adjustment
quantitative techniques
linear programming
network models
decision analysis
forecasting methods
uses tables to represent data and their relationships. each table consists of rows and columns, where rows represent records and columns represent attributes
relational model
visual representation of entities (objects) and their relationships. entities are represented by rectangles, and relationships are represented by diamonds
entity-relationship model
uses documents to store data. each document is a collection of key-value pairs, and documents are grouped into collections.
key-value model
uses nodes, edges, and properties to represent and store data.
graph model
organizes data in a tree-like structure where each record has a single parent and potentially many children
hierarchical model
similar to the hierarchical model but allows each record to have multiple parent and child records, forming a graph structure
network model
uses fact tables
dimensional model
