Quantitative factors are numerical outcomes from a decision that can be measured. These factors are commonly included in various financial analyses, which are then used to evaluate a situation. ... Examples of quantitative factors are: Direct labor hours.

What is quantitative and qualitative factors?

What are the qualitative and quantitative factors in decision making? Quantitative decisions are mostly based on statistical analysis of collected data whereas qualitative decisions are based on many algorithms like type and quality of data, factors that influence collected data, risk assessments etc.

What are quantitative factors in decision making?

Definition: Quantitative factors are outcomes from certain actions that are measurable in numbers or numeric terms. In other words, managers can quantify the effects of a decision. This could include measuring costs, revenues, or even non-financial data for outcomes to a decision.