Question

Advantages
OF quantitative approach of
Management

Answer 1

Quantitative approach of Management refers to a managerial technique that relied on rigid calculations (such as statistics or computer simulations) in order to improve the decision making.

Here are the advantages:

- The decision making process occurred a lot quicker since the managers can relied on computers to analyze all the relevant factors

- Cost benefit analysis can be more accurate since it completely disregard the personal biases of the manager.

- Results between each decisions implementation can be measures easily since it's displayed on numerical value.