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Applications of Quantitative Techniques in Decision Making of Business Organisation

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Applications of Quantitative Techniques in Decision Making of Business Organisation


Dr. A. Malleswari Devi | Mrs. A. Devaki


https://doi.org/10.31142/ijtsrd22889


Dr. A. Malleswari Devi | Mrs. A. Devaki "Applications of Quantitative Techniques in Decision Making of Business Organisation" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-3, April 2019, pp.568-571, URL: https://www.ijtsrd.com/papers/ijtsrd22889.pdf

In the business world, and in fact, in practically every aspect of daily living, quantitative techniques are used to assist in decision making. Quantitative techniques are used to assist in decision making. Managers must be able to use quantitative techniques in a confident and reliable manner. Accountants make decisions based on the information relating to the financial state of organization. Economists make decision based on the information relating to the economic framework in which the organization operates. Marketing staff make decisions based on customer response to product and design. Personnel managers make decisions based on the information relating to the levels of employment in the organization, and so on. Such information is increasingly quantitative and it is apparent that managers need a working knowledge of the procedures and techniques appropriate for analysing and evaluating such information. The important techniques that aid the manager in decision making are operations research and other quantitative techniques are Operations Research, Models, Project management, Linear Programming, PERT and CPM, Probability Theory Analysis., etc.

Quantitative techniques, Decision making, Operations Research, Models, Regression Analysis, Linear Programming, PERT and CPM and Probability Theory Analysis


IJTSRD22889
Volume-3 | Issue-3, April 2019
568-571
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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