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Context186636

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qkg:contextText	This argument will seem entirely too strong to some. We do "forecast" in terms of probability distributions, and we do make measurements in terms of "costs." Of course, the management scientist has done all sorts of things with the concept of cost which few cost accountants would condone. But in the laboratory and outside it in industrial studies, one sees the emergence of a cost concept which eventually should revolutionize the measurements in managerial policy-making. (en)

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This argument will seem entirely too strong to some. We do "forecast" in terms of probability distributions, and we do make measurements in terms of "costs." Of course, the management scientist has done all sorts of things with the concept of cost which few cost accountants would condone. But in the laboratory and outside it in industrial studies, one sees the emergence of a cost concept which eventually should revolutionize the measurements in managerial policy-making. (en)

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qkg:Mention379315	qkg:hasContext