Examples of Management Science Techniques

Scientific Planning

Successful management relies on careful coordination,often using scientific methods in project planning. For example, critical path analysis allows you to identify which tasks in a project will take the longest or adversely affect the length of other tasks, permitting you to focus on those tasks. Computer models can also help you determine utilization and recommend more effective usage. In addition, this type analysis allows you to develop proactive strategies for handling outages and overloads.

Analyzing Workflow and Networks

You can also use management science strategies to design your physical workplace layout by analyzing workflow traffic patterns and individual tasks. Similarly, computational techniques are useful in analyzing computer or telecommunication networks. These techniques ultimately lead to cost reduction through the employment of a global workforce and resources. Accurately projecting these kinds of savings enables you to ensure your long-term success.

Solving Problems in Retail

Management science techniques enable cost effective, innovative and creative problem solving. Computer programs that allow researchers to simulate events such as atomic blasts or natural disasters in order make decisions can be employed to simulate business situations as well, using specialized mathematical equations called algorithms to simulate business conditions. For example, creating a mathematical model in an electronic spreadsheet can help you determine optimum staffing levels under different conditions. In addition to this optimization model, you can build a queuing model to manage customer waiting line time. By manipulating variables, you can examine potential outcomes and make real-world adjustments regarding your staffing schedules.

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