Which is the use of quantitative techniques to improve managerial decision making.
Also known as management science.
Better managerial decision making by using quantitative techniques, such as:
The quantitative approach evolved from mathematical and statistical solutions developed for military problems during World War II. For example, one group of military officers, nicknamed the Whiz Kids, joined Ford Motor Company in the mid-1940s and immediately began using statistical methods and quantitative models to improve decision making. It involves:
- applying statistics,
- optimization models,
- information models,
- computer simulations,
- and other quantitative techniques
to management activities. such as:
- resource allocation decisions;
- work scheduling(critical-path scheduling analysis);
- optimal inventory levels determining(economic order quantity model)
- TQM(total quality management, 1980s and 1990s, the most famous advocators are W. Edwards Deming and Joseph M. Juran)
- other
the most famous being W. Edwards Deming (pictured at right) and Joseph M. Juran. The ideas and techniques they advocated in the 1950s had few supporters in the United States but were enthusiastically embraced by Japanese organizations. As Japanese manufacturers began beating US competitors in quality comparisons, however, Western managers soon took a more serious look at Deming’s and Juran’s ideas, which became the basis for today’s quality-management programs. Total quality management, or TQM,
标签：Management,Science,decision,making,management,using,quantitative,techniques From： https://www.cnblogs.com/abaelhe/p/17588376.html