Problem:
Question 1: The Management Science Process consists of
1) understanding the problem,
2) building a representative model,
3) solving the mathematical model and, lastly,
4) monitoring/communicating the outcome. Discuss this process and the importance of each.
Question 2: When is management science generally applied? What kinds of problems do management scientists face? Provide an example of a "problem" an organization you have been involved with has faced that did, or could have benefited from a management science analysis.