Utilizing Permutation and Combination Techniques in Business Decision-Making Processes
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Page Numbers:
199-220
Digital Object Identifier:
10.58578/mjms.v4i2.9336
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Authors:
Bardan Sah1, Ritika Jayswal2, Satyam Thakur3, Neha Shah4, Dilip Kumar Sah5, Suresh Kumar Sahani6 
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Authors retain copyright and grant the journal right of first publication.
Main Article Content
Abstract
Although permutations and combinations are often regarded as purely theoretical mathematical topics, they play a significant role in practical decision-making and contemporary business operations. This study examines the application of permutations and combinations in everyday decision-making and real business contexts, particularly in quality control, marketing strategy, resource planning, and inventory management. Using real-world examples and case studies, the article demonstrates how organizations employ these combinatorial concepts to improve productivity, reduce costs, optimize available resources, and strengthen competitive advantage in increasingly complex market environments. The findings indicate that a sound understanding of permutations and combinations enhances managerial and executive decision-making, especially when evaluating numerous alternatives, assessing the likelihood of possible outcomes, selecting appropriate combinations of people or products, and determining optimal configurations. The study concludes that permutations and combinations are not merely academic concepts but practical analytical tools that support more effective and strategic business decisions. This study contributes to a broader understanding of how foundational mathematical reasoning can be applied to improve organizational efficiency and decision quality in business practice.
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