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Unit 6: Business Decision Making

Software-generated information

Use software-generated information to make decisions at operational, tactical and strategic levels in an organisation

Management information systems: computers and information processing tools for operational, tactical and strategic levels of the organisation

Inventory control: economic order quantity, continuous and periodic review, Pareto analysis, material requirements, planning for manufacturing

Project management: networking and critical path analysis, Gantt and Pert charts

Financial tools: indices — discounted cash flow, internal rates of return (IRR function)

Suggested Reading

Quantitative Methods: A Business Perspective

Quantitative Methods for Business Decisions

Management Information Systems

Essential Business Statistics

Quantitative Methods for Business

 

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All content copyright 2007 - 2013

Web Links

Project Management, critical path analysis

Levinson Productivity Systems PC — quantitative techniques outlined

National Institute of Statistics — variety of quantitative techniques

Mindtools — very useful management tools

All content copyright © 2007 - 2013