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Information Systems in Management Science---Mathematical Modelling for Management

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  • Samuel Eilon

    (Imperial College, London)

Abstract

Mathematical modelling has made an immense contribution to management---it has helped to convert muddled thinking and amorphous deliberations into an orderly analysis, allowing crucial issues to be highlighted and purposely debated. It has taken the mystique out of some managerial tasks. It has allowed for many programmable decisions to be programmed and has shown how certain analytical tools cut across conventional boundaries between types of managerial functions, or even industries.But the present shortcomings of mathematical modelling and the blind belief of some modellers in the infinite power of mathematical analysis have led to a backlash. The criticisms range from accusations that most analysts address themselves to the wrong problems, to suggestions that analytical models are inappropriate for solving managerial problems. It is important for us to recognise the various shortcomings and limitations of the present state of the art in order to appreciate the true contribution that can be made and in order to combat the total rejection advocated by a growing number of sceptics.

Suggested Citation

  • Samuel Eilon, 1974. "Information Systems in Management Science---Mathematical Modelling for Management," Interfaces, INFORMS, vol. 4(2), pages 32-38, February.
    • Handle: RePEc:inm:orinte:v:4:y:1974:i:2:p:32-38
    DOI: 10.1287/inte.4.2.32
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