Subject: Management Science

1. Define the terms management science and operations research. 2. List and discuss the steps of the decision-making process. 3. Discuss the different roles played by the qualitative and quantitative approaches to managerial decision making. 4. Why is it important for a manager or decision maker to have a good understanding of both the qualitative and quantitative approaches to decision making? 5. What are the advantages of analyzing and experimenting with a model as opposed to a real object or situation