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Data,
Models, and Decisions: The Fundamentals of Management Science
by Dimitris Bertsimas and Robert M. Freund
published by Dynamic Ideas, LLC 2004
This textbook combines topics from two traditionally distinct
quantitative subjects, probability/statistics and management science, into one
unified treatment of quantitative methods and models for management and
business. The book stresses those fundamental concepts that are the most
important for the practical analysis of management decisions. It focuses on
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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