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Quantitative Techniques: For Optimization in Logistics
After reading the chapter, the students should be able to understand:
- Role of quantitative techniques (QTs) in decision making
- Application of various quantitative techniques in logistics
- Optimization of resources using QTs
The importance of quantitative techniques (QTs) in managerial decision making is widely acknowledged. QTs for decision making are examples of using scientific methods for solving complex management problems. QTs are used for cost reduction, servicing customers and, finally, assist in decision making of business process optimization. QTs provide a tool for scientific ...
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