Formalism, Realism and Management Science

Published Online:https://doi.org/10.1287/mnsc.3.1.9

In most, if not all, of the standard examples of management science and Operations Research projects, it appears that somewhere along the line some part of the research effort has been devoted to a conceptualization or formalization of the system or process being studied. This conceptualization is very often called a model and may consist of a set of statements or may in fact be a physical representation of the system. It will be supposed that the term model is familiar enough to be used in a reasonably unambiguous way. The purpose of this paper is to define and discuss a problem related to models. It is felt that this is a serious problem, a problem which is becoming increasingly critical for the development of a unified science of management.

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