Question

Advantages of quantitative approach to management

Answer 1

Answer:

Explanation:

The advantage is that,

-this study involves explanations and alternatives to help increase customer satisfaction and care. For example, it makes use of queing theory which looks at ways of minimizing time of wait done by customers. This helps to increase their satisfaction level.

-It looks at the various networking models which helps to break down larger tasks into small ones. This way its easier to do them and they can be analyzed efficiently.

-This is a sophisticated method of analyzing the data in times today. There comes new softwares which are user friendly and are made with the aim to be easy for use.

-It helps to make rational decisions and implements those actions which are clear in nature.

Answer 2

Advantages of quantitative approach to management

Explanation:

• The qualitative approach to management is used for quantitative techniques as statistics, information models, and computer simulations in order to improve decision making.  

• Managers can use these models to figure out the best way to do things by saving time and money and can use scientific applications.  

• Mathematical forecasting can help to make decisions and make projections that are helpful in planning.

• Inventory management methods can help control inventories by mathematically how and when an order is produced.

Learn more about the advantages of quantitative approach to management.

• brainly.in/question/12937138 answered by Alinakincsem.