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Why Operation Research?

Operation Research is a mathematical science that makes effective use of technology by organizations. Operation research deals with optimal solutions to complex decision making problems. It is applying in mathematical modeling, mathematical optimization and statistical analysis with mathematics science. The subject has wide range of techniques and methods for solving problems, some of tools are optimization, statistics, and queuing theory, theory of probability, graph theory, game theory, simulation, mathematical modeling and decision analysis. Operation research subject solves the problem which one technique is most appropriate for given nature system.

The major sub disciplines of operation research are:

1. Decision Analysis
2. Computing Technologies
3. Financial Engineering
4. Environmental, Energy
5. Manufacturing & Supply Chain Management
6. Simulation
7. Transportation
8. Stochastic models
9. Revenue Management
10. Policy Modeling

Important Topics of Operation Research

• Meaning and Scope of Operation Research
• Nature of Operations Research
• Definitions of Operation Research
• Characteristics of Operations Research
• Phases of Operations Research
• Scope of Operations Research
• Methodology of Operations Research
• Models and Modeling
• Managerial Decision Making
• Techniques of Operations Research
• Limitations of Operation Research