Econometrics and Management Science: Their Overlap and Interaction

This is an expository article on the relationship of econometrics and management science. After some general observations it considers a number of applications, such as prediction on the basis of input-output models and of econometric macromodels and decision-making based on linear decision rules. These rules are applied to cost minimization in a factory and welfare maximization for a country as a whole. In the last part of the paper some attention is paid to uncertainty problems with respect to the constraints subject to which maximization or minimization takes place.

• 저널Management Science · 11(8) · B–200
• 토픽Modeling, Simulation, and Optimization · Discrete Mathematics and Combinatorics
• DOI10.1287/mnsc.11.8.b200
• 저자H. Thiel