Quantitative Methods in Management: Text and Cases

The objective of this book is to supply prospective managers with the skills necessary to make effective use of formal quantitative analyses, whether the details of those analyses are performed by themselves or by a technical specialist. This book is written for the manager or student whose needs are not the complete mastery of the technical details of mathematical techniques, but rather the development of formal analytical processes that contribute to an individual's decision-making skills. The book is organized into six parts: Part I, A framework for analyzing decisions under uncertainty; Part II, Judgmental assessment and limited information; Part III, Using historical data to develop probabilities; Part IV, Simulation in the analysis of complex decisions; Part V, Accounting for competitive reaction; and Part VI, Allocating scarce resources.