Management science studies the problem solving ability of an organization along with the administration and structuring of companies. The main objective of the management is to utilize the resources in the most economically suitable manner. This book outlines the processes and applications of management science in detail. A number of latest researches have been included to keep the readers up-to-date with the global concepts in this area of study. It is an essential guide for both academicians and those who wish to pursue this discipline further.