About this document
Decision-Making Approaches for Managers by Dessa Gudito is a document available to read on EtoBox.
The document discusses approaches to decision making, including qualitative and quantitative approaches. The qualitative approach uses subjective judgement and intuition, especially for simple, familiar problems with low costs and need for quick decisions. The quantitative approach uses mathematical models and quantitative data, especially for complex, important problems involving many variables. Several quantitative models are described for inventory management, production scheduling, forecasting, simulati
- Author
- Dessa Gudito
- Language
- EN