Quantitative techniques in management are, first and foremost, systematic and scientific techniques specific to the field of management. The goal of these techniques is to analyze and address the problems faced by institutions and organizations in general, in order to make the appropriate decision. They provide answers to many questions, such as: Is the investment project profitable? On what date can a product series (X) be launched? How can a department or several departments within the organization be structured? What are the optimal production quantities? and more.

Several methods help in solving daily management problems and making appropriate decisions, including:

• Using the manager's past experience, which is crucial in making some decisions or handling certain issues. However, a manager may not be able to rely on their experiences due to differing circumstances.
• The observation and monitoring method, which depends on the manager's ability to be fully aware of all details in similar institutions to benefit from their experiences. This relies on their diplomacy and ability to gather information.
• Applying theoretical studies, where the manager consults books that address similar problems.
• The scientific method, which is one of the best approaches and requires the manager to be a specialist in administration and management, possessing a strong command of the various scientific methods to base their decisions on.

Weight: 0.55 kg
Dimensions: 17 × 24 cm
ISBN: 978-9957-12-522-6