OMIS 327 Lecture 1. Quantitative Analysis

OMIS 327 Lecture 1. Quantitative Analysis - OMIS 327...

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1 OMIS 327 Lecture 1: Quantitative Analysis Instructor: Dr. Lee, Jung Young
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2 Chronicle of Higher Education Employer Survey Graduates lack.. Adaptability Managing Multiple Priorities Making Decisions Written and Oral Communication Skills Solving Problems
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3 Today’s Learning Goals Understand the Quantitative Analysis Approach
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4 Meaningful Information Quantitative Analysis Quantitative analysis Quantitative analysis is a scientific process to managerial decision making Terms : quantitative analysis, management science, decision science, operations research... What is Quantitative Analysis? Raw Data
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5 Examples of Quantitative Analyses In the mid 1990s, Taco Bell saved over $150 million using forecasting and scheduling quantitative analysis models . NBC television increased revenues by over $200 million between 1996 and 2000 by using quantitative analysis to develop better sales plans . Continental Airlines saved over $40 million in 2001 using quantitative analysis models to quickly recover from weather delays and other disruptions.
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