What is operation research ?
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Operations research (OR) is a quantitative approach that uses mathematical models, statistical analysis, and optimization techniques to help organizations make informed decisions and solve complex problems. It involves the application of scientific and mathematical methods to analyze business procesRead more
Operations research (OR) is a quantitative approach that uses mathematical models, statistical analysis, and optimization techniques to help organizations make informed decisions and solve complex problems. It involves the application of scientific and mathematical methods to analyze business processes and systems, and to identify optimal solutions for improving efficiency, reducing costs, and maximizing performance.
OR draws on a variety of disciplines, including mathematics, statistics, economics, engineering, and computer science, to develop models that can be used to analyze and optimize complex systems and processes. The goal of OR is to find the best possible solution to a problem given the available resources, constraints, and objectives. OR techniques can be applied to a wide range of problems, including production planning, logistics and supply chain management, financial analysis, marketing and sales, and healthcare management, among others.
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