Prasanna P. Chavare

The importance of management science and economics for all professionals is absolutely inevitable. This is also true for mariners, and hence, Indian Maritime University has included this subject for undergraduate courses. The basic concepts and principles taught in this subject include the major managerial domains, such as 'Accounting and Finance Management', 'Production and Operations Management', 'Human Resource Management'. The subject also covers 'Economics' and 'Major shipping routes and ports'.