Question

how management science apply in real life?

Answer 1

Management science is the broad interdisciplinary study of problem solving and decision making in human organizations.Management science is concerned with a number of different areas of study: One is developing and applying models and concepts that may prove useful in helping to illuminate management issues and solve managerial problems.

Its origins can be traced to operations research, which became influential during World War II when the Allied forces recruited scientists of various disciplines to assist with military operations. In these early applications, the scientists used simple mathematical models to make efficient use of limited technologies and resources. The application of these models to the corporate sector became known as management science.

Applications of management science are abundant in industries such as airlines, manufacturing companies, service organizations, military branches, and in government. Management science has contributed insights and solutions to a vast range of problems and issues, including:

• 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 of health services and appropriate systems to supply them
• identifying and understanding the strategies adopted by companies for their information systems

Management science is also concerned with so-called soft-operational analysis, which concerns methods for strategic planning, strategic decision support, and problem structuring methods (PSM).