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Quantitative research is a research strategy that focuses on quantifying the collection and analysis of data. [ 1] It is formed from a deductive approach where emphasis is placed on the testing of theory, shaped by empiricist and positivist philosophies. [ 1]
Scientific management is a theory of management that analyzes and synthesizes workflows. Its main objective is improving economic efficiency, especially labor productivity. It was one of the earliest attempts to apply science to the engineering of processes to management. Scientific management is sometimes known as Taylorism after its pioneer ...
Operations research ( British English: operational research) (U.S. Air Force Specialty Code: Operations Analysis), often shortened to the initialism OR, is a discipline that deals with the development and application of analytical methods to improve decision-making. [ 1] The term management science is occasionally used as a synonym.
Management science (or managerial science) is a wide and interdisciplinary study of solving complex problems and making strategic decisions as it pertains to institutions, corporations, governments and other types of organizational entities. It is closely related to management, economics, business, engineering, management consulting, and other ...
A Project Management process area at Maturity Level 4; Purpose. The purpose of the Quantitative Project Management (QPM) process area is to quantitatively manage the project to achieve the project's established quality and process performance objectives. Specific Practices by Goal. SG 1 Prepare for Quantitative Management
Information science. Informetrics is the study of quantitative aspects of information, [ 1] it is an extension and evolution of traditional bibliometrics and scientometrics. Informetrics uses bibliometrics and scientometrics methods to study mainly the problems of literature information management and evaluation of science and technology. [ 2]
Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis. Prediction is a similar but more general term.
Managerial economics. Managerial economics is a branch of economics involving the application of economic methods in the organizational decision-making process. [ 1] Economics is the study of the production, distribution, and consumption of goods and services. Managerial economics involves the use of economic theories and principles to make ...