Quantitative Techniques/Operations Research
Successful managers use quantitative techniques in decision making when:
1. The problem is complex.
2. The problem involves many variables.
3. There are data which describe the decision environment.
4. There are data which describe the value or utility of the different possible alternatives.
5. The goals of the decision maker or the organization can be described in quantitative terms.
6. Workable models are available for these situations.
Six steps towards making better decisions:
Process Activities Process Steps Process Output
1. Site visits Observe the problem Sufficient information
Conferences environment and support to proceed
Observation
Research
2. Define use Analyze and define Clear grasp of need for
Define objectives and nature of solution
Define limitations requested
3. MS/OR tools &nb ...