Quantitative Methods (MODELS)

Dictionary of Accounting Terms for: Quantitative Methods (MODELS)
Quantitative Methods (MODELS)

collection of mathematical and statistical methods used in the solution of managerial and decision- making problems, also called operations research (OR) and management science. There are numerous tools available under these headings such as Linear Programming (LP), Economic Order Quantity (EOQ), learning curve, PERT, and regression analysis.

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