Reviewer Flashcards
Quantitative techniques management theory that came into existence of __
world war ii
Collection of mathematical and statistical tools
Quantitative techniques
involve using various elements of quantities including number
Quantitative techniques
Adopt scientific approach in decision making
Quantitative techniques
arrangement of objects in a definite order
permutation
an orderly arrangement of certain given numbers or symbols in a rows and columns.
matrix
number of rows and columns in a matrix called its __
Dimention
it is a powerful device developed over the matrux of algebra
determinants
is a mathematical process of finding out changes in the dependent variable
differentiation
reverse process of differentiation
integration
Mathematical equation which involves the different coefficients of the dependent variable
differential Equation
different methods for collecting primary and secondary
collection of data
measure the fluctuations in various phenomena like prie, production
index numbers
help us to know the effect of factors which are responsible for changes
time series Analysis
estimating under certain assumptions
interpolation
provides numerical values of the likely hood of the occurrence oc events
probability theory
which a group of observation are extracted from a larger population
sampling analysis
used in finding solution for optimizing a given objective under certain constraints
linear programming
deals with mathematical study of queues
queuing theory
used to determine the optimum strategy in a competitive situation
game theory
this is concerned with making sound decisions under conditions of certainty, risk and uncertainty
decision theory
a techniques of testing model which resembles real life situations
simulations
helps for optimizing the inventory levels
inventory theory
a tool that used to determine a sequence in which given jobs should performed
sequencing
Methods of Quantitative Techniques
Formulating the problem
Defining the decision variables and constraints
Developing a suitable model
Acquired the input data
Solving the model
Validating the model
Implementing the result
company meet or surpass customer expectation
customer satisfaction
increasing the relative value
business value enhancement
is a process where an organization give employees authority and responsibility
empowerment of employees
the combined efforts of a group
creating synergy among teams
refers to how well product satisfies customer needs serve its purpose and meet industry needs
creating quality products
measure to ensure that defects being detected so far
preventing defects
different people will have responsibility or influence over different things
being responsible for quality
is defined as systematic and ongoing effort to enhance products
focusing on continuous improvement
used in regression analysis
leveraging statistical measurement
tools to create sustainable goal attainment
remaining focused on the processes
continuous improvement
commitment to refinement and learning
the investigator directly contacts the informants
direct personal observation
the information are mot collected directly from the source
indirect oral interview
information are collected through a set of questionnaire
mailed questionnaire method
a document prepared by the investigator containing a set of questions
questionnaire
