Quantitative methods encompass a broad array of techniques that utilize numerical data to analyze problems, forecast outcomes, and optimize decisions. Unlike qualitative methods, which often rely on subjective judgment or descriptive data, quantitative techniques provide measurable, objective insights.
Decision-making is the most trivial part of management professionals, he or she must make decisions that are relevant to his or her field of work. The decision-making process can be approached in a variety of ways. These choices are largely influenced by the nature and breadth of his or her profession. A lot also depends on the manager’s authority and powers. Quantitative techniques assist the manager in making impartial and timely judgments. To make a good decision, such techniques use a scientific and statistical methodology.
Table of Content
| # | Topic | Link |
|---|---|---|
| 1. | Mastering Linear Programming | 100+ MCQs with Answer | Click Here |
| 2. | Linear Programming Explained with Example: Constraints, Shadow Prices, and Real-World Applications | Click Here |
