This program of study typically leads to careers in research, teaching, professional practice, consulting, governmental service, or management. An excellent background for the program would be an undergraduate concentration in mathematics, engineering, or science, or a mathematically oriented business administration or social science degree.
Elective courses allow for concentrated study in a particular area of management science.
Currently, one of the following four areas may be chosen for concentrated study. The study of mathematical modeling involves the description and optimization of managerial and physical systems. Subjects studied include probability, statistical methods, Bayesian inference, decision theory, utility theory, game theory, and econometric methods. This area involves the design, planning, organization, and control of activities involved in the transformation of resources into goods and services. Quantitative methods, computer systems technology, strategic planning concepts, and industrial engineering methodologies within a problem-solving orientation are utilized.