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The book combines topics from two traditionally distinct quantitative subjects: probability/statistics and optimization models, into one unified treatment of quantitative methods and models for management and business. The book stresses those fundamental concepts that are most important for the practical analysis of management decisions: modeling and evaluating uncertainty explicitly, understanding the dynamic nature of decision-making, using historical data and limited information effectively, simulating complex systems, and allocating scarce resources optimally.
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- PublisherSouth-Western
- Publication date2002
- ISBN 10 0324115911
- ISBN 13 9780324115918
- BindingHardcover
- Edition number2
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