Quoted in Classic Essays on Twentieth-Century Music, ISBN 0028645812.
“Now the salient characteristic of the decision tools employed in management science is that they have to be capable of actually making or recommending decisions, taking as their inputs the kinds of empirical data that are available in the real world, and performing only such computations as can reasonably be performed by existing desk calculators or, a little later electronic computers. For these domains, idealized models of optimizing entrepreneurs, equipped with complete certainty about the world - or, a worst, having full probability distributions for uncertain events - are of little use. Models have to be fashioned with an eye to practical computability, no matter how severe the approximations and simplifications that are thereby imposed on them…
The first is to retain optimization, but to simplify sufficiently so that the optimum (in the simplified world!) is computable. The second is to construct satisficing models that provide good enough decisions with reasonable costs of computation. By giving up optimization, a richer set of properties of the real world can be retained in the models… Neither approach, in general, dominates the other, and both have continued to co-exist in the world of management science.”
Source: 1960s-1970s, "Rational decision making in business organizations", Nobel Memorial Lecture 1978, p. 498; As cited in: Arjang A. Assad, Saul I. Gass (2011) Profiles in Operations Research: Pioneers and Innovators. p. 260-1.
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Herbert A. Simon 58
American political scientist, economist, sociologist, and p… 1916–2001Related quotes

H.A. Simon (1986), " Rationality in psychology and economics http://www.kgt.bme.hu/targyak/msc/ng/BMEGT30MN40/data/JoBus-86-rationality-HSimon.pdf," Journal of Business, p. 210-11”
1980s and later

Aliens Cause Global Warming (2003)

Dijkstra (1986) On a cultural gap http://www.cs.utexas.edu/users/EWD/transcriptions/EWD09xx/EWD924.html (EWD 924).
1980s
Context: A confusion of even longer standing came from the fact that the unprepared included the electronic engineers that were supposed to design, build and maintain the machines. The job was actually beyond the electronic technology of the day, and, as a result, the question of how to get and keep the physical equipment more or less in working condition became in the early days the all-overriding concern. As a result, the topic became – primarily in the USA – prematurely known as ‘computer science’ – which, actually, is like referring to surgery as ‘knife science’ – and it was firmly implanted in people’s minds that computing science is about machines and their peripheral equipment. Quod non [Latin: "Which is not true"]. We now know that electronic technology has no more to contribute to computing than the physical equipment. We now know that programmable computer is no more and no less than an extremely handy device for realizing any conceivable mechanism without changing a single wire, and that the core challenge for computing science is hence a conceptual one, viz., what (abstract) mechanisms we can conceive without getting lost in the complexities of our own making.
One Man's View of Computer Science (1969)

"Mathematics in Economics: Achievements, Difficulties, Perspectives," 1975

Source: Introductory lecture to Structure and Interpretation of Computer Programs http://www.youtube.com/watch?v=zQLUPjefuWA

Source: 1970s-1980s, The Economics of Information (1984), p. 55

" Ascribing Mental Qualities to Machines http://www-formal.stanford.edu/jmc/ascribing.html" (1979) Sect. 1: Introduction. Reprinted in Formalizing Common Sense: Papers By John McCarthy, 1990, ISBN 0893915351
1970s