Economic Themes (2008) 46 (1) 1, 1-10

THE ROLE OF QUANTITATIVE TECHNIQUES IN DECISION MAKING PROCESS


Vera Djordjević, Vinko Lepojević, Vesna Janković-Milić

Abstract: The second half of the 20th century has been marked by rapid advances of research methods in real problem solving, with rapid progress of the information technology and important structural and institutional changes that shaped a new landscape of the corporate and economic environment towards globalization of markets and trade. In that process the contribution that quantitative techniques can make to management decision making is significant.

Keywords:  quantitative techniques; models; analysis; decision

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