Quantitative management is not today’s modern business idea but a theory of management that came into reality after World War 2. Business owners in Japan in the beginning used the technique of quality management to pick up the pieces of the devastation that was done by the war and started taking small steps towards restoration. The qualitative technique concentrated on the following business operations: Enhancement of business value Employees empowerment Customer satisfaction Preventing deficiencies Remaining concentrated on the process Commitment to learning and refinement, etc. With this, we refer to techniques of quantitative management as a group of statistical and mathematical tools. They are identified by different names, such as operation research or management science. In reference to this, statistical techniques are also called part of the qualitative management technique. Qualitative techniques of management include different elements of quantities including symbols, mathema