Dear Friends,


CAN SOMEONE TELL ME HOW QUANTITATIVE TECHNIQUES ARE HELPFUL IN DECISION MAKING?

CHEERS
DOLLY

Usually decisions are made with the objective of minimizing costs or maximizing profits. These are subject to quantitative analytical techniques.

There will be lot of use of q.t in proper decion making especialy decion like where to locate the ware house (cost effective) how much of a resource to allocate. In mba u hv to become jack of all an master of atleast 1. So q.t will help in that process[:)]