Quantitative techniques are those statistical and programming techniques, which help decision makers solve many problems,

especially those concerning business and industry Quantitative techniques are those techniques that provide the decision makers with systematic and powerful means of analysis, based on quantitative data, for achieving predetermined goals

Qualitative research generally deals in words, images and the subjective

Quantitative research generally deals in numbers, logic and the objective

Vatter
Determine the use of OR
OR technique was more common in large

than the smaller companies.

Randor and Neal American Management Association

50% of their Respondent were using OR.

Hovey and Wagner

..

Alpander
Significant Drop in the use of Quantitative

Technique by US manager working Overseas. Quantitative technique is mostly used in developed Countries the the Developing Countries.

Green et al.
Survey o fortune 500 companies regarding

QT.

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Gaither
Survey from 250 Employees
52% of firm use no Quantitative Technique 24% using ONE Technique

24% are using 4 Techniques

Mostly used Technique

PERT, CPM, Linear Programming,

Exponential Smoothing, Regression Line

To Develop a clear Understanding of uses of Quantitative/Operational Research Technique Within Organization.

Questionnaires Mailed to 1500 Organizations Addresses obtain from Standard and poor Directory 500 to large firm 500 Small firms 500 Diversifaied firms(banks, retailors,transport, insurance)

250 Questionnaires returned for an overall response rate of 17% 226 was usable(15%) 85 from Large firms 99 from Service firms 42 from Small firms

High Percentage show moderate of extensive use of at least one Quantitative technique.
97.3% or 220 firms

57.9% or 131 out of 226 use at least 4 technique

52% in Small Firm use no Quantitave Technique 48% use at least 1 Technique

The result show that there is correlation between size of firm and frequency of use of quantitative technique.

As an acceptable response had been obtained from service organizations, further analysis was performed to see if differences existed within the different firms in the service industry. computer simulation, forecasting, regression/correlation, statistical sampling and breakeven analysis show considerable use in all classes of industries in the service sector.

Only a small portion of management is trained in the use of quantitative techniques. Benefits of using techniques are not clearly understood by managers. Managers lack knowledge of quantitative techniques. Required data are difficult to quantify. Managers are quantitatively oriented

The data required in using the techniques are not available. The data required in using the techniques are not available. The cost of developing models and using quantitative techniques is too high. The expense of employing quantitative specialists is too great.

Little progress in the application of quantitative techniques in the US business firm. The number of firms using quantitative techniques is still growing Survey results and the comments made by company executives all point out management's lack of knowledge as the major reason behind this lack of significant progress in the application of quantitative techniques.