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Quantitative Methods in Decision-Making by ScribdTranslations is a document available to read on EtoBox.
This chapter introduces quantitative methods and their application to the decision-making process in businesses. It explains that quantitative methods build mathematical models of real systems to obtain results that serve as a basis for economic and technical decisions. Furthermore, it emphasizes that decision-making should be done optimally through a systematic analysis of costs and benefits. Finally, it highlights that information, data, and knowledge are fundamental elements for decision-making.
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- ScribdTranslations
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- EN