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Mathematical Modeling Today

The applications of mathematical methods in management and economics today are so manifold that it is difficult to find a single person who is aware of their full scope. The following list can only be incomplete.

The peculiar nature of mathematics unfortunately raises two obstacles to learning it. One is that students often believe that mathematics can be learned simply by studying a book. Mathematics is learned by working through problems. A second obstacle is that students often believe that they can learn to work problems by studying a book. A book can get one started, but learning to work problems is like learning to play basketball or play the piano--it requires practice, practice, practice. Mathematical skills are very athletic in this sense. (The phrase ``quant jock'' is appropriate.) That is why this course assigns a lot of homework problems.

Acknowledgements: We would like to thank John Hooker, Bill Hrusa, Rick Green and Anuj Mehrotra for their inputs.


next up previous contents
Next: About this document Up: Mathematical Methods in Business Previous: History

Michael A. Trick
Mon Aug 24 12:46:36 EDT 1998