The Role of Quantitative Techniques in Business and Management

Document Type : Original Article


Department of Mathematics, Gobindgarh Public College, Panjab, Pakistan


A systematic approach to decision making is complex because today's business and environment in which it is functioning are for more complex than in the past. For large business a single wrong decision very painful but may also have ramifications in national economy. The objective of this paper is to discuss the various quantitative techniques and methods used in managerial decisions. Quantitative techniques are very powerful medium through which we solve uncertainty in decision making and enhance projectability and efficiency in the business. Therefore, these quantitative techniques evaluate planning factors and when these arise then provide meaningful solution to particular business problem.


Main Subjects

Volume 01, Issue 01
March 2017
Pages 24-26
  • Receive Date: 10 December 2016
  • Revise Date: 11 January 2017
  • Accept Date: 19 January 2017
  • First Publish Date: 01 March 2017