Quantitative techniques help a manager improve the overall quality of decision making these techniques are most commonly used in the rational logical decision model but they can apply in any of the other models as well among the most common techniques are decision trees payback analysis and simulations. Various quantitative techniques for decision making are 1 mathematical programming 2 cost analysis break even analysis 3 cost benefit analysis 4 linear programming 5 capital budgeting 6 inventory management 7 expected value 8 decision tree 9 simulation 10 queuing or waiting line theory 11 game theory 12 information theory 13 preference theory utility theory and few others. Decision making is important for survival of any business the article discusses in detail the various quantitative techniques used in decision making process. Quantitative techniques of decision making linear programming quantitative techniques help a manager improve the overall quality of decision making
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