Quantitative Methods (MODELS) Definition | Business Dictionaries from AllBusiness.com
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Business Glossary


Business Definition 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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