On Bauer Business Focus — A conversation about decision sciences with Andrew Schneider, business reporter for KUHF 88.7 FM.
The decision-making sciences have become an important part of business analytics. Experts can use the science to help businesses use quantitative methodologies to help support decision-making and help to understand the cognitive processes humans use to make decisions.
C. T. Bauer College of Business Decision & Information Sciences Professor Powell Robinson recently stopped by Bauer Business Focus to elaborate on what decision science is.
The Decision Sciences Institute, where Robinson has served many roles, was formed in 1969 after a group of professors decided they needed a place to meet and discuss their research and the institute has since grown to almost 2,000 members.
“Decision sciences is really about decision making, and our institute focuses on business applications,” Robinson said.
While teaching decision sciences courses, he also works in supply chain management and the two are closely related.
“The decision sciences, as it grew and was formed, was formed out of a concept called operations research which were developed in WW2. They were mainly analytical applications to help support the war effort in terms of logistics and supply,” Robinson said. “Following WW2, operations research morphed into operations management, which was studying business processes.”
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