2026/2027
Management Decisions
Type:
Minor
Delivered by:
Department of Strategic and International Management
Open to:
students of all HSE University campuses
Language:
English
ECTS credits:
5
Contact hours:
48
Course Syllabus
Abstract
Management science can be defined as the application of scientific and systematic procedures, techniques and tools to operational, strategic and policy problems in order to help develop and evaluate solutions to problems encountered within management. Management science includes all rational approaches to management decision-making that are based on an application of scientific and systematic methodologies. Both management science as a discipline, and management scientists as individuals with specialised training, aid management by providing a structure to decision-making situations whose complexity, and/or level of uncertainty, makes intuition an unsafe guide. The distinctive feature of the management science approach is the construction of an explicit, simplified model of relevant aspects of the situation under study. Such models are often based on mathematical or statistical formulations, but may at other times have a more qualitative character.