16 quotes
A stochastic process is about the results of convolving probabilities-which is just what management is about, as well.
Management Science (1968)
The development of the Watt governor for steam engines, which adapted the power output of the engine automatically to the load by means of feedback, consolidated the first Industrial Revolution.
Management Science (1968)
The strategies that managers employ are at least as important as the facilities at their disposal.
Management Science (1968)
A slowly moving queue does not move uniformly. Rather, waves of motion pass down the queue. The frequency and amplitude of these waves is inversely related to the speed at which the queue is served.
Management Science (1968)
There is, then, a logical priority about the arrangements, and logic has nothing to do with time.
Management Science (1968)
Management problems are not respecters of the company organization, nor of the talents of the people appointed to solve them.
Management Science (1968)
The aim of management science is to display the best course of action in a given set of circumstances, and this must include all the circumstances.
Management Science (1968)
It is terribly important to appreciate that some things remain obscure to the bitter end.
Management Science (1968)
It is the concept of likelihood that a real understanding of probability resides, and we must learn how to measure it.
Management Science (1968)
Clearly, if it is possible to have a self-regulating system that implicitly arranges its own stability, then this is of the keenest management interest.
Management Science (1968)
The system of transportation is not coherent; it is not treated as integral. Roads compete with railroads and airlines in chaotic fashion, and at immense cost to the nation.
Management Science (1968)
The problem with managing either a business or a prison by periodic rather than continuous inspection is that the "variables" are likely to be seriously out of control before the discrepancy is noted.
Management Science (1968)
Policy-making, decision-taking, and control: These are the three functions of management that have intellectual content.
Management Science (1968)
Too close a view may interfere with one's grasp of an overall problem or concept
Management Science (1968)
Certain management policies-stretching of credit resources, for example-may lead to great progress in good conditions; but, like the Grand Prix car in comparison with the Land Rover, they may not be robust enough to survive when the going gets tough.
Management Science (1968)
According to the science of cybernetics, which deals with the topic of control in every kind of system (mechanical, electronic, biological, human, economic, and so on), there is a natural law that governs the capacity of a control system to work. It says that the control must be capable of generating as much "variety" as the situation to be controlled.
Management Science (1968)