This book presents recent work in the physics and economics of
management through the developmental theory and practice of
management science/operations research (MS/OR) that goes beyond the
author s earlier book on the same subject. (Volume 125 in Springer
s MS/OR series) This current work makes a useful contribution to
the next-generation discrete system of science and management for a
better society.
The scope of the book is focused on the science and management
of the 3M&I Time system in the discrete world, where that
system is a complex class consisting of humans, material/machine,
money and time. The system is treated by a stochastic/intelligence
(medium) approach. The science of this system is the
interdisciplinary science of physics, management, economics and
related fields and is based on synthesis and intelligence in the
new discrete world. Here, this domain is referred to as a discrete
and complex science (of physics and economics) in industry and
society.
Another domain, which is referred to as higher management
science and operations in this book, stems from the change in
traditional management to higher management driven by the power of
information and communications technology (ICT) in the cloud
computing/global age. This domain exists to meet the needs of logic
for real-time/systematic decisions and management in a changeable,
speeded-up, and risk environment."
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