Body of Knowledge
Quantitative approaches to decision making based on the scientific method.
Names for this body of knowledge include: Management Science, Operations Research, and Decision Science.
It had its early roots in World War II and is flourishing in business and industry with the aid of computers in general and the microcomputer in particular.
Some of the primary applications areas of this body of knowledge are forecasting, production scheduling, inventory control, capital budgeting, and transportation.