The Discipline That Focuses on Mathematical Techniques for Optimizing Parameters

question 73

Multiple Choice

The discipline that focuses on mathematical techniques for optimizing parameters of organizations, such as transportation and inventory control, is

• A) management science.
• B) MIS.
• C) operations research.
• D) utilization management.

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Definitions:

Private Owner

An individual or entity that exclusively owns a property or business.

Conserve

To use resources carefully and efficiently to avoid waste and ensure sustainability for future generations.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Water Resource Economists

Specialists who analyze the use, management, and conservation of water resources through the lens of economic theories and models.