Management Science: Definition, Characteristics and Tools

After reading this essay you will learn about:- 1. Definition and Concept of Management Science 2. Historical Development of Management Science 3. Characteristics 4. Tools. Definition and Concept of Management Science: Management Science (MS) can be defined as: "A problem-solving process used by an interdisciplinary team to develop mathematical models that represent simple-to-complex functional relationships and provide management with a [...]