Quantitative Techniques/Operations Research Successful managers use quantitative techniques in decision making when: 1. The problem is complex. 2. The problem involves many variables. 3. There are data which describe the decision environment. 4. There are data which describe the value or utility of the different possible alternatives. 5. The goals of the decision maker or the organization can be described in quantitative terms. 6. Workable models are available
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IMPORTANCE OF QUANTITATIVE TECHNIQUES IN MANAGERIAL DECISIONS *P.Murugesan Abstract The term ‘Quantitative techniques’ refers to the methods used to quantify the variables in any discipline. It means the application of subjects like mathematics and statistics‚ econometrics and operations research to understand and solve problems.. It is a study of the application of differential calculus‚ integral calculus and matrix algebra‚ measures of central tendencies‚ measures of averages‚ correlation
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Business research is‚ arguably‚ founded on the study of social interactions within the realm of commerce and trade. Until recently‚ such research has seen staunch counter-position of two research paradigms: quantitative and qualitative‚ the first deriving from positivism‚ the latter from interventionism. Indeed‚ the positions taken by individual researchers vary considerably between those like Bryman (1988) who argues for a “best of both worlds” approach by suggesting that qualitative and quantitative
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Quantitative vs. Qualitative Research: “Are they REALLY that Different?” Anthony Sondergaard June 7‚ 2009 Quan/Qual- Really Diffferent? From the reading done in the first two chapters of our textbook‚ it is easy to see the major differences between the quantitative and qualitative approaches to research. They are two very distinct and separate ways to obtain information for the study of almost anything the human being could want to
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Quantitative and Qualitative Research Methods Sabina Baniya Kathmandu University School of Management Kathmandu University‚ Kathmandu February 2013 There are different research methods that have been guided by different philosophy of science that were developed by philosopher‚ researcher and sociologist at their time of era. The well-known research methods are quantitative research methods. Quantitative are numerical methods associated
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Quantitative Research Methods Quantitative means quantity which implies that there is something that can be counted. Quantitative research has been defined in many ways. It is the kind of research that involves the tallying‚ manipulation or systematic aggregation of quantities of data (Henning‚ 1986) John W. Creswell defined quantitative research as an inquiry into a social or human problem based on testing a theory composed a theory composed of variables‚ measured with numbers‚ and analysed with
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We completed a quantitative research project that showed the existing level of community knowledge about the issues and abut potential messages that would be well received. It also showed some misunderstandings that should be addressed by the communications program. We worked with the organization’s leadership to develop a structured communication program built on the research findings. o A large retail organization was considering a new location for a store. We conducted research the retailer used
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Introduction Qualitative research and quantitative research are two approaches that are usually used by researchers to conduct research. The concept of a ‘mixed method’ approach is to combine the two approaches together. But the concept applies to using more than one qualitative method to conduct a research since each brings a particular kind of insight to a study (Ritchie and Lewis‚ 2003‚ p38). This paper aims to examine whether the three approaches---observation‚ interview and questionnaire‚ are
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6: Critiquing Qualitative and Quantitative Research Kaplan University July 16‚ 2013 Unit 6 Critiquing Qualitative and Quantitative Research The research conducted by Foster-Fitzpatrick‚ Ortiz‚ Sibilano‚ Marcantonio and Braun (1999) is a quantitative study of the significance of crossing the legs while blood pressure is being measured. The purpose of the research was to determine whether leg-crossing impacted the results of blood pressure measurements. The research conducted by Palese‚ Skrap‚ Fachin
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Analysis of a Quantitative Research Report This paper analyzes a quantitative research report selected because it focuses on enhancing patient education by attention to patient perceptions of the nurse educator. “Quantitative research is the formal‚ objective‚ systematic process used to describe variables‚ test relationships between them‚ and examine cause and effect interactions among variables” (Burns & Grove‚ 2007‚ p. 530). The report being analyzed is titled‚ “Nurses’ Body Size and Public Confidence
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