Quantitative Methods for Business Decisions. Business managers and directors used to rely on their experience and instinct to make tough decisions. Increasingly, however, they want to know what ...

Archis Ghate, Robert L. Smith, A Linear Programming Approach to Nonstationary Infinite-Horizon Markov Decision Processes, Operations Research, Vol. 61, No. 2 (March-April 2013), pp. 413-425 ...

Many static and dynamic models have been used to assist decision making in the area of consumer and commercial credit. The decisions of interest include whether to extend credit, how much credit to ...

Simple linear regression is commonly used in forecasting and financial analysis—for a company to tell how a change in the GDP could affect sales, for example. Microsoft Excel and other software ...