Quantitative Approach to Management Quantitative Approach >Also called operations research or management science >Evolved from mathematical and statistical methods developed to solve WIl military logistics and quality control problems >Focuses on improving managerial decision making by applying: Statistics,optimization models,information models,and computer simulations 2007 Prentice Hall,Inc.All rights reserved. 2-15Quantitative App g roach to Management • Quantitative Approach ¾Al ll d Also called operati h ons research or management science ¾E l d f th ti l d t ti ti l th d Evolved from mathematical and statistical methods developed to solve WWII military logistics and quality control problems control problems ¾Focuses on improving managerial decision making by applying: ™ Statistics, optimization models, information models, and computer simulations © 2007 Prentice Hall, Inc. All rights reserved. 2–15