MD.

KHALED HASAN PAVEL

Id: B170201113
 Introduction

Definition
Quantitative approach to management deals with
measurement and calculation of numerical values of
different variables using statistical, mathematical,
optimization models, information models, computer
simulations and other tools that used for making
decision in organization.

The main purpose of the quantitative approach is to

make an optimal decision
Quantitative Approach in Managerial Decision
1. Achieving objectives
2. Solve a complex problem
3. Basic for scientific analysis
4. Solution for various business problems
5. Optimum allocation of resources
6. Selection of an optimal strategy
7. Production management
8. Personnel management
9. Marketing management
10. Financial management
 Quantitative Analysis
Quantitative Analysis
Approach
Approach
1. Defining the
Problem

7. Implementing 2. Developing a
the Results Model

6. Analyzing the 3. Acquiring

Results Input Data

5. Testing the 4. Developing a

Solution Solution