What type of management approach uses mathematical equations to solve problems?

Quantitative management utilizes mathematical equations and statistical methods to analyze data and solve complex problems within an organization. This approach is grounded in the use of numerical data, allowing managers to make decisions based on objective information rather than subjective opinions. By employing mathematical models, quantitative management enables leaders to optimize resources, improve efficiency, and forecast outcomes more accurately.

This methodology is particularly effective in scenarios where data collection and analysis are feasible, as it provides a systematic way to tackle challenges. For example, operations research, which is a key component of quantitative management, helps in logistics, scheduling, and resource allocation through the application of various mathematical techniques.

In contrast, qualitative management focuses on subjective analysis and personal experience rather than numerical data. Strategic management involves defining the long-term goals and direction of an organization, while operational management pertains to the daily activities that keep an organization running effectively. Thus, it is the quantitative management approach that distinctly emphasizes the use of mathematical equations to derive solutions to organizational problems.