Quantitative Approaches to Management

Quantitative Approaches  to Management 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.