Data, Models, and Decisions: The Fundamentals of Management Science [Hardcover]

Dimitris Bertsimas (Author), Robert M. Freund (Author)

Book Description

Publication Date: February 28, 2000 | ISBN-10: 0538859067 | ISBN-13: 978-0538859066 | Edition: 1st

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.

Editorial Reviews

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.

Product Details

• Hardcover: 672 pages
• Publisher: South-Western College Publishing; 1st edition (February 28, 2000)
• Language: English
• ISBN-10: 0538859067
• ISBN-13: 978-0538859066
• Product Dimensions: 10.3 x 8.3 x 1.1 inches
• Shipping Weight: 3 pounds
• Average Customer Review: 3.8 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #694,572 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Well written introduction to topic, June 3, 2011

By 

M. Johnson "biobooks" (Indianapolis, IN USA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Data, Models, and Decisions: The Fundamentals of Management Science (Hardcover)

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.

2 of 3 people found the following review helpful:

5.0 out of 5 stars Excellent text and guide to Data Models, January 22, 2011

By 

Michael N. Katehakis (Cliffside Park, NJ, US) - See all my reviews

This review is from: Data, Models, and Decisions: The Fundamentals of Management Science (Hardcover)

For anyone looking for an introduction to the basics of data models this is one of the best in a long line of books in this area and the main book you will need. The presentation covers this important theory very thoroughly, including all the major topics. The presentation is crisp and while it will be best appreciated by graduate students and the industrial community, most of the presentation can be easily understood by an undergraduate audience with a strong background in probability.

0 of 1 people found the following review helpful:

4.0 out of 5 stars All fine, purchase went well, October 13, 2011

By 

Florian - See all my reviews

Amazon Verified Purchase

This review is from: Data, Models, and Decisions: The Fundamentals of Management Science (Hardcover)

Thanks for the good purchasing experience - I received the book in the state mentioned when sold and whithin the time frame that I had expected