What Lies Ahead in Management Science and Operations Research in Finance in the Seventies

In assessing trends in the intellectual and technological aspects of management science and operations research, it is useful to consider major developments in the environment, both external to the firm or organization and to the operations research or management science departments. Changes in the legal environment, the tax structure, the social or cultural environment will have important influences in shaping the future. This paper discusses the impact of developments in the external and internal environments on management science and operations research in finance, the relationship of management science to management information systems and to the managerial process, and the outlook for future developments in management science relevant to finance.