Quantitative Approaches to Management

Quantitative Approaches to Management/ Management Science/ Operations Research as the name implies, involves “research on operations”. Thus, quantitative approaches to management deals with mathematical solutions to problems that concern how to conduct and coordinate the operations or activities within an organization.  The mathematical models that are formulated seek to “optimize” a given objective function subject to a set of constraints; designed to aid in the planning and control of projects which require that certain activities be performed in sequence, while others may be performed independently of others. In addition, the course includes the provision of basic foundations in decision theory.