Quantitative Approach To Management

Group Members
Usman Idrees Fazal Ur Rehman Wasim Rashid Waqar Ahmed Tahir Iftikhar

Definition
The quantitative approach involves the use of quantitative techniques to improve decision making.

Evolution
The quantitative approach evolved out of the development of mathematical and statistical solutions to military problems during World War II.

What exactly does the quantitative approach do?

This approach to management involves applications of Statistics Optimization models Information models Computer stimulations to management activities.

How Do todays manager use the quantitative approach?

Direct contribution to Management decision making

Planning
Control