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Explain how managers use data-based decision making

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Following all Discussion guidelines, in your own words and in detail: explain how managers use data-based decision making; explain the use of forecasting techniques in planning; describe how to use Gant charts, milestone charts, and PERT planning techniques; describe how to use break-even analysis, and decision trees for problem solving and decision making; describe how to manage inventory by using the economic-order quantity (EOQ), the just-in-time (JIT) system, and LIFO versus FIFO; describe how to identify problems using a Pareto Diagram.

Reference no: EM132406644

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