QUANTITATIVE MANAGEMENT

THEORY
This theory is concerned with
applying quantitative
management tools focusing on
decision making, economic
effectiveness, mathematical
models, and the use of
computers.
Management Science

Operations Management

Management information
system
MANAGEMENT SCIENCE

 focuses specifically on the development of mathematical

and statistical models.

A mathematical model is a simplified representation of a

system, process, or relationship.
At its most basic level, management science focuses on
models, equations, and similar representations of reality.
OPERATION MANAGEMENT

 is somewhat less mathematical and statistically sophisticated than

management science and can be applied more directly to managerial
situations.

Operations management techniques are generally concerned with helping

the organization produce its products or services more efficiently and can be
applied to a wide range of problems. Thus, it will deal with decisions like
plant layout, plant location, inventory control and distribution of finished
goods.
MANAGEMENT INFORMATION SYSTEM

It helps managers design information systems that provide

information about events occurring inside the organization
as well as in its external environment, information that is
vital for effective decision making.