Synopsis
The New Science of Management Decision: The Ford Distinguished Lectures, V3 is a book written by Herbert Alexander Simon, a Nobel Prize-winning economist and management theorist. The book is a collection of lectures delivered by Simon in 1957, which explore the emerging field of management science and its application to decision-making in organizations.In the book, Simon argues that traditional approaches to management decision-making, which rely on intuition and experience, are no longer sufficient in a rapidly changing business environment. Instead, he proposes a new scientific approach that draws on mathematical modeling and computer simulation to analyze complex problems and make more informed decisions.The book covers a range of topics, including the role of information in decision-making, the use of models and simulations, and the importance of organizational structure and communication. Simon also discusses the limitations of the new science of management decision-making, acknowledging that it is not a panacea for all organizational problems.Overall, The New Science of Management Decision: The Ford Distinguished Lectures, V3 is a seminal work in the field of management science, offering insights and guidance for managers and scholars alike on how to make better decisions in a complex and uncertain world.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
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About the Author
Herbert A. Simon is Chaired Professor in psychology and computer science at Carnegie Mellon University. Awarded the Nobel Prize in Economics in 1978, Professor Simon currently works in the field of artificial intelligence.
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