Research Reports from the Department of Operations
Document Type
Report
Publication Date
3-1-1973
Abstract
The complex nature of certain problems encountered in industry, government, and private institutions has produced a demand for procedures to aid management in improving the decision-making process. These procedures should weigh the relative trade-offs between alternatives and produce a course of action that will benefit the organization as a whole and not simply a unit thereof at the possible expense of other units. The development, during the last quarter of a century, of certain mathematical and/or statistical techniques along with the computational and data bank capabilities of present-day computers has further demonstrated the applicability of "NEW TOOLS FOR DECISION MAKING" to management practices. This chapter will discuss some of the decision-aiding techniques used by disciplines and/or professions known by such names as "Management Science," "Operations Management," "Operations Research," and "Systems" or modern "Industrial Engineering."
Keywords
Operations research, Decision making--Mathematical models, Management science, Industrial management
Publication Title
Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University
Issue
Technical memorandum no. 292
Rights
This work is in the public domain and may be freely downloaded for personal or academic use
Recommended Citation
Reisman, Arnold and Reich, Robert, "New Tools for Decision Making" (1973). Research Reports from the Department of Operations. 335.
https://commons.case.edu/wsom-ops-reports/335