Quantitative Management Perspective for Managers
The quantitative management perspective, a more recent development than the other two major perspectives, uses applied mathematics to address logistical problems of organisations.The focus is on analytical processes of decision-making, economic effectiveness, mathematical modeling and the use of information technology. Management science uses mathematical modeling to represent and analyze systems, processes and relationships. Operations management is concerned with the efficient production of goods and services of the organization, The quantitative management approach provides very powerful tools for understanding and managing organizations. It does not fully explain or predict the behaviors of individuals or groups of people within an organization.