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The role of mathematics in Business decisions has very important in the process of mangerial decision models and alorithms. To turn to the specific aspects of te quantitative decision making process, it is possible to recognize three distinct phases in every decision situation. First is carefully defined the problem, second is a conceptual model to be generated and third is the selection of the appropriate quantitative model thay may lead to a solution. lastly a specific alogorithm is selected . An alorithms are the ordely delineated sequnces of mathematical operations that lead to a solution. The alorithms generate the decision which is subsequently implemented managerial action program. The entire process is shown below:
Defined problem------>Conceptual model--->Quntitative Model---->Algorithms---->decision----Action programs
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