Quantitative Techniques in Decision Making

Master the tools that help engineers and managers make better decisions. In this video, we break down the essential quantitative techniques used to solve complex problems, improve accuracy, and support evidence-based decision-making.

🔍 Topics Covered:
✅ What is Decision Making?
✅ Importance of Quantitative Techniques
✅ Descriptive & Inferential Statistics
✅ Optimization Models (Linear, Integer, Nonlinear)
✅ Simulation Methods (Monte Carlo, Discrete-Event)
✅ Decision Analysis (Decision Trees, Expected Value, Sensitivity Analysis)
✅ Software Tools: Excel, Python, R, SPSS, MATLAB
✅ Challenges and Limitations

🎯 Perfect for:

Engineering and business students

Project managers and analysts

Professionals seeking structured decision-making tools