Drag a body from below then Write abstract for the body, summary and conclusion. Topic: Application...

Drag a body from below then Write abstract for the body, summary and conclusion.

Topic: Application of Quantitative techniques in business and economics.

Quantitative Methods in Management offer a systematic approach for the analysis of phenomena in business economics and economics in general. In the modern world of increasing development in information technology, the amount of numerical data has increased enormously, and at the same time the acquisition of knowledge has become easier. Quantitative methods provide techniques to domesticate this growing accumulation of data as support for economic decision-making. It is worth adding that, generally, quantitative analysis relies extensively on viewing phenomena through models, and some of the largely used models are: The Linear Programming model, Transportation and Assignment problems models, and Network models. The application targets for these methods cover many fields of business, such as economics, finance, risk management, quality management and logistics.

You are required to develop a subject about the application of quantitative methods in one of the mentioned fields, and describe the method of applying models in it.

Expert Solution

Rahul Sunny answered 1 year ago

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