Explore the Legacy of Mathematical Pioneers
Introduction
The use of mathematics and and computers to solve management problems goes back to World War II, calculating optimal bombing runs over enemy country or the deployment of submarines to protect convoys. The new mathematics was called “operations research”. After the war, the idea was born to adapt the same techniques to some kind of “scientific” conduct of regular business operations — ”management science.”
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Two researchers at the Carnegie Mellon University stood out in these efforts: Abe Charnes (1917-1992 ) and W.W. (Bill) Cooper (1914 - 2012). In hundreds of pathbreaking papers they established management science as a reputable and impressive new field of scholarly research. In these efforts they struck up a lasting friendship with George Kozmetsky (1917 - 2003), a Harvard man who decided to see if the new theory could be used to make money — lots of money. He co-founded Teledyne, eventually growing to become one of the largest industrial combines in the US. Kozmetsky was ranked as one of the 400 richest people in the US in the late 1980s.
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The three friends started The Institute of Management Science, a society having the objective of ”identifying, extending, and unifying scientific knowledge that contributes to the understanding and practice of management”. Cooper became its first president, and Charnes the editor of the society’s new journal Management Science. Kozmetsky guaranteed its financial standing.
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