Operations Research

Operations research is a discipline that utilizes analytical methods to help make better decisions. It applies techniques such as mathematical modeling to investigate intricate problems. Operations research utilizes a wide array of techniques, including queuing theory, mathematical optimization, simulation, data envelopment analysis, expert systems, and decision analysis. The aim of operations research is to arrive at an optimal or near-optimal solution to extremely complex problems. While there are subtle distinctions, the terms operational analysis, quantitative management, management science, operation analysis, and systems analysis are frequently used as synonyms for operations research. In modern times, the use of computers and statistical analysis has caused operations research to frequently overlap with the related fields of computer science and information technologies. It began as a discipline to ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles