The Relationship between Identifiable Attributes and Decision-Making Ability of Purchasing Personnel as Measured by the Results of a Management Game Page: 21
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largely unnoticed until publication of his book in 1944.^ A more recent
extension of game theory was developed by Siegel eind Fouraker,
among others. The field of operations research encompasses a quan-
titative, analytical, experimental means of assessing the implications
of varying courses of action in managerial decision-making situations.
The relationship between business gaming, game theory,
and operations research is readily apparent. All three conceptual
fields of theory are designed to aid the effective manager in his pri-
mary responsibility--decision making. However, these concepts
serve only as tools to effective decision making. They are merely
a means to an end rather than an end in itself.
Development of Management Thought
The field of decision-making theory has been the focal point
for the study of business management during recent years. Simon
views decision-making and management as synonymous terms. ^
Yon Neumann and O. Morgenstern, Theory of Games and
Economic Behavior (Princeton, 1944).
S. Siegel and L.E. Fouraker, Bargaining and Group
Decision Making (New York, I960).
A detailed discussion of this approach can be found in
C. West Churchman, Russell L. Ackoff, and E. Leonard Arnoff,
Introduction to Operations Research (New York, 1957), pp. 1-56.
Herbert Simon, The New Science of Management Decision
(New York, I960), p. 1.
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Ellis, Norman Dean, 1933-. The Relationship between Identifiable Attributes and Decision-Making Ability of Purchasing Personnel as Measured by the Results of a Management Game, dissertation, May 1973; Denton, Texas. (https://digital.library.unt.edu/ark:/67531/metadc164597/m1/34/: accessed April 26, 2019), University of North Texas Libraries, Digital Library, https://digital.library.unt.edu; .