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Operational Research in Business
Published online by Cambridge University Press: 18 August 2016
Extract
Lord Kelvin many years ago expounded his oft-quoted dictum, ‘When you can measure what you are speaking of, and express it in numbers, you know that on which you are discoursing. But when you cannot measure it or express it in numbers, your knowledge is of a meagre and unsatisfactory kind.’ Operational Research is primarily concerned with measurement in management.
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- Copyright © Institute and Faculty of Actuaries 1997
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