The document discusses the quantitative approach to management. It began as a result of research conducted during World War II when scientists used quantitative techniques to solve military problems. The quantitative approach involves using statistics, information models, and computer simulations to improve decision making. It includes three areas: management science which uses mathematics and statistics for decisions; operational management which focuses on transforming inputs into outputs; and management information systems which organizes data into usable information for managers. Quantitative approaches are important because they directly contribute to managerial decision making, particularly in planning and controlling, and managers rely on quantitative techniques for quality control and similar decisions.

1. QUANTITATIVE APPROACH
By :
Khushbu Porwal
MBA 1st Semester
Section 5
AFMR

2. HISTORY
During world war II, mathematicians, physicists, and
other scientists joined together to solve military
problems. The quantitative school of management is
a result of the research conducted during world war
II.
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3. DEFINITION
The quantitative approach to management
involves the use of quantitative techniques, such
as statistics, information models, and computer
simulations, to improve decision making.
The quantitative approach to management,
sometimes known as operations Research or
management science.
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4. QUANTITATIVE APPROACH INCLUDES
1. Management Science
2. Operational Management
3. Management Information System
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5. 1. MANAGEMENT SCIENCE
The view that encourages managers to use
mathematics, statistics, and other quantitative
techniques to make management decisions is
MANAGEMENT SCIENCE.
The applications includes-
1. Mathematical forecasting
2. Inventory modelling
3. Queuing theory
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6. 2. OPERATIONAL MANAGEMENT
 It focuses on managing the process of
transforming materials, labor, and capital into
useful goods and/or services.
The product outputs can be either goods or
services; effective operations management is
a concern for both manufacturing and
service organizations.
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7. 3. MANAGEMENT INFORMATION
SYSTEM
A management information system organizes
past, present, and projected data from both
internal and external sources and processes it
into usable information, which it then makes
available to managers at all organizational
levels.
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8. WHY QA IS IMPORTANT ???
 It has contributed most Directly to managerial
decision making, particularly in planning and
controlling.
 The availability of sophisticated computer software
programs has made the use Of quantitative
techniques more feasible for managers.
 When managers make quality control & similar
decisions they typically rely on Quantitative
techniques.
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9. THANK YOU….
Open for Questions ???
A presentation by :
Khushbu Porwal
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