TAILIEUCHUNG - Lecture Quantiative methods for bussiness - Chapter 1: Introduction

Lecture Quantiative methods for bussiness - Chapter 1 introduction: Body of knowledge; problem solving and decision making; quantitative analysis and decision making; quantitative analysis; models of cost, revenue, and profit; quantitative methods in practice. | Slides by John Loucks St. Edward’s University Chapter 1 Introduction Body of Knowledge Problem Solving and Decision Making Quantitative Analysis and Decision Making Quantitative Analysis Models of Cost, Revenue, and Profit Quantitative Methods in Practice Body of Knowledge The body of knowledge involving quantitative approaches to decision making is referred to as Management Science Operations Research Decision Science It had its early roots in World War II and is flourishing in business and industry due, in part, to: numerous methodological developments (. simplex method for solving linear programming problems) a virtual explosion in computing power 7 Steps of Problem Solving (First 5 steps are the process of decision making) 1. Identify and define the problem. 2. Determine the set of alternative solutions. 3. Determine the criteria for evaluating alternatives. 4. Evaluate the alternatives. 5. Choose an alternative (make a decision). .

• Quản trị kinh doanh
• Quantiative methods
• Quantitative analysis
• Applied quantitative management techniques
• Management techniques
• Quantiative techniques
• Models of cost
• Bayes’ theorem
• Probability distributions
• Decision analysis
• Game theory
• Quantitative approaches to forecasting
• Linear programming
• Marketing applications
• Project scheduling
• Waiting line models
• Simulation modeling