December 2012
Intermediate to advanced
561 pages
22h 33m
English
Content preview from Logistics Management ,3rd Edition by Pearson
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Quantitative Techniques:
For Optimization in
Logistics
21
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
339
The importance of quantitative techniques (QTs) in managerial decision making is widely acknowl-
edged. QTs for decision making are examples of using scientifi c methods for solving complex
management problems. QTs are used for cost reduction, servicing customers and, fi nally, assist in
decision making of business process optimization. QTs provide a tool for scientifi ...
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