Management Science Project Topics

Management Science Project Topics

Management Science Project Topics and research material available for departments under the faculty of Management Science as well as relating to Management Science and Administration.

About Management Science Faculty

Management Science (MS) can be defined as:

“A problem-solving process used by an interdisciplinary team to develop mathematical models that represent simple-to-complex functional relationships and provide management with a basis for decision-making and a means of uncovering new problems for quantitative analysis”.

Management Science (MS) is the broad interdisciplinary study of problem-solving and decision making in human organizations, with strong links to management, economics, business, engineering, management consulting, and other fields. It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics, and numerical algorithms to improve an organization’s ability to enact rational and accurate management decisions by arriving at optimal or near-optimal solutions to complex decision problems. Management science helps businesses to achieve goals using various scientific methods.

Management science encompasses, however, more than just the development of models for specific problems. It makes a substantial contribution in a much broader area: the application of the output from management science models for decision-making at the lower, middle, and top management levels.

A manager’s experience, upcoming business conditions, and the output from a mathematical model form the best combination for planning, organizing, directing, and controlling the company’s activities. Management science is the application of the scientific method to the study of the operations of large, complex organizations or activities. Two disciplines intimately associated with management science are industrial engineering and operations research.

Departments under the Faculty of Management Science

• Accounting.
• Actuarial Sciences.
• Banking and Finance.
• Business Administration.
• Insurance.
• Marketing.
• Public Administration… many not listed.