As a professional society, Midwest Decision Sciences Institute first began in 1970.

A significant participant in the development of MWDSI was Stan Hardy, Professor at Ohio State University. MWDSI holds a professional meeting annually in order to promote the attainment of its objectives.

In support of its parent organization, MWDSI strives to be the premier professional organization of choice for business scholars.

MWDSI is a multidisciplinary international association dedicated to advancing knowledge and improving instruction in all business and related disciplines.

To pursue this mission, the MWDSI facilitates the development and dissemination of knowledge in the diverse disciplines of the decision sciences through publication, conferences, and other services.