Skip to Main Content
Fundamentals of Management, 11/e
book

Fundamentals of Management, 11/e

by Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
April 2015
Beginner content levelBeginner
480 pages
107h 32m
English
Pearson
Content preview from Fundamentals of Management, 11/e

Quantitative Module Quantitative Decision-Making Tools

In this module, we’ll look at several decision-making tools and techniques, as well as some popular tools for managing projects.1 Specifically, we’ll introduce you to payoff matrices, decision trees, break-even analysis, ratio analysis, linear programming, queuing theory, and economic order quantity. The purpose of each method is to provide managers with a tool to assist in the decision-making process and to provide more complete information to make better-informed decisions.

Payoff Matrices

In Chapter 4, we introduced you to the topic of uncertainty and how it can affect decision making. Although uncertainty plays a critical role by limiting the amount of information available to managers, ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

SHRM Society for Human Resource Management Complete Study Guide

SHRM Society for Human Resource Management Complete Study Guide

Sandra M. Reed
Management, 13e

Management, 13e

Stephen P. Robbins, Mary Coulter
Management, 11th Edition

Management, 11th Edition

John R. Schermerhorn Jr.
Management, 12th Edition

Management, 12th Edition

John R. Schermerhorn Jr.

Publisher Resources

ISBN: 9780135175156