Managerial Economics -- Past, Present and Future.
Abstract
In this paper the present state of managerial economics is portrayed against the backdrop of a still-continuing series of methodological developments which began to impact on the civilian management sector in the late 1950's. Historically these developments were associated with changes that were occurring in disciplines like Operations Research, Management Science, and Systems Sciences. The latter involved an orientation toward civilian (private enterprise) management in place of a previous almost exclusive focus on problems in military management. This, in turn, caused these disciplines to interact with and impact on developments in managerial economics. This paper suggests that managerial economics, and these other disciplines should (and will) expand their focus in the near future to include management problems in the public sector. This should increase the interactions between them and also improve their ability to deal with problems in private (and military) management as well. Examples of how this might be accomplished are suggested in this paper via PPBS formats for local government and private enterprise management, along with methods of measuring management performance directed to multiple objectives in private as well as public sector management. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1977
- Accession Number
- ADA040549
Entities
People
- Abraham Charnes
- William W. Cooper
Organizations
- University of Texas at Austin