Mathematics in Business and Management

Stanley Zionts
Additional contact information
Stanley Zionts: State University of New York at Buffalo

A chapter in The Future of College Mathematics, 1983, pp 81-87 from Springer

Abstract: Abstract Until the mid 1950’s, the role of mathematics (and statistics to a lesser extent) in Business and Management programs was minimal: some elementary business mathematics which included a smattering of the mathematics of finance using interest tables and some algebra, as well as some cookbook statistics. Beginning roughly at that time, with the infusion of funds from various sources, business schools entered the scientific age. Numerous mathematical techniques -- some new, some not so new -- were assembled to help solve various problems of management. A particular discipline called Management Science sprang up. It incorporated various techniques -- mathematical programming, linear algebra, network methods, queuing theory, stochastic processes, statistics, recursive relations, and computer simulation to attack various management problems. Drawing upon the above techniques, management science has as its philosophy the solving of a problem.

Keywords: Business School; Recursive Relation; Management Information System; Matrix Algebra; Differential Calculus (search for similar items in EconPapers)
Date: 1983
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4612-5510-9_8

Ordering information: This item can be ordered from
http://www.springer.com/9781461255109

DOI: 10.1007/978-1-4612-5510-9_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().