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Data, Models, and Decisions: The Fundamentals of Management Science, by Dimitris Bertsimas, Robert M. Freund
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The book combines topics from two traditionally distinct quantitative subjects: probability/statistics and optimization models, into one unified treatment of quantitative methods and models for management and business. The book stresses those fundamental concepts that are most important for the practical analysis of management decisions: 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.
- Sales Rank: #1520711 in Books
- Brand: Brand: South-Western College Publishing
- Published on: 2000-02-28
- Ingredients: Example Ingredients
- Original language: English
- Number of items: 1
- Dimensions: 1.09" h x 8.26" w x 10.30" l,
- Binding: Hardcover
- 672 pages
- Used Book in Good Condition
About the Author
Dimitris Bertsimas is the Boeing Professor at the MIT Sloan School of Management. He has been teaching quantitative methods to MBAs for 10 years. He has published one other book, Introduction to Linear Optimization, Athena Scientific Press, 1997, co-authored with John Tsitsiklis. He has won numerous scholarly awards for his research in combinatorial optimization, stochastic processes, and applied modeling, including the Presidential Young Investigator award from the National Science Foundation, the Erlang prize for best applied probabilist, and SIAM's optimization prize for best paper in optimization.
Most helpful customer reviews
10 of 10 people found the following review helpful.
Well written introduction to topic
By M. Johnson
I used this textbook in my DMD class at MIT and I have to say it saved my butt many times when the lecture material was not entirely clear to me. The book is well written and the practical examples they use are interesting. With very little explanation, you can sit down with the book and learn or relearn the material. Unlike most of my textbooks, I intend to keep this one after the class is over. Very nice guide to a useful subject.
1 of 1 people found the following review helpful.
Attractive book, with interesting examples and very readable
By Ruben Sifuentes
This book is well focused in the quantitative methods for decisión taking process.
I consider very attractive the presentation of the book and the examples are really interesting.
I think that the depth in the topics is appropiate for students with some background in statistics and OR.
0 of 0 people found the following review helpful.
Deep and clear
By Philipp von Meyenn Sutton
Taking care of very deep topics, it is clear every explanation, making it easy to understand, allowing me to have very good results in the university.
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