A decision-making process is a series of steps taken by an individual to determine the best option or course of action to meet their needs. In a business context decision making is a set of steps taken by managers in an enterprise to determine the planned path for business initiatives and to set specific actions in motion. The quantitative techniques help in decision making process in the way that identifies the factors which influence the decisions and quantify them. It becomes easier to resolve the complexity of the decision making. Some of the quantitative techniques such as decision theory and simulation work best in complex decisions. The quantitative techniques help the manager to take decisions objectively and in an efficient way. Such techniques rely on a scientific and statistical approach to make a good decision. The presentation provides better understanding on the topic.

Abhijith S

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