Unit 6: Business Decision Making
Software-generated information
Use software-generated information to make decisions at operational, tactical and strategic levels in an organisation
Management information systems: computers and information processing tools for operational, tactical and strategic levels of the organisation
Inventory control: economic order quantity, continuous and periodic review, Pareto analysis, material requirements, planning for manufacturing
Project management: networking and critical path analysis, Gantt and Pert charts
Financial tools: indices — discounted cash flow, internal rates of return (IRR function)
Suggested Reading
Quantitative Methods: A Business Perspective
Quantitative Methods for Business Decisions
Management Information Systems
Quantitative Methods for Business
