·0 Basic research- Has the objective of advancing the state of knowledge about a

subject without any near-term expectation of commercial applications

·1 Applied research- Has the objective of achieving commercial applications

·2 Ethics A standard of behavior that guides how one should act in various
situations.

Qualitative methods consist mainly of subjective inputs, which often

defy precise
numerical description.

Qualitative techniques permit inclusion of soft information (e.g.,

human factors, personal opinions, hunches) in the forecasting
process. Those factors are often omitted or downplayed when
quantitative techniques are used because they are difficult or
impossible to quantify.

Qualitative techniques rely on judgment, experience, and expertise to

formulate forecasts;

A key aspect of operations management is process management. A

process consists of one or more actions that transform inputs
into outputs. In essence, the central role of all management is
process management.