Operation research and decision making, Operation Research

Operations Research uses the methods of science to understand and explain the phenomena of operating systems. It devises the theories( models ) to explain these phenomena uses these theories to describe what takes under altered conditions and checks these predictions against new observations. Thus, " Operations Research is a tool employed to increase the effectiveness of managerial decisions as an objective supplement to the subjective feeling of the decisions maker."

For instance in distribution or allocation areas, O R may suggest teh best locations for agencies warehouses as well as the most economical kinds of transportation in marketing areas it may aid in indicating the most profitable type use and size of advertising campaigns in regard to available financial limit. O R may suggest alternative courses of action when a problems is analyzed and a solution is attempted. However the study of complex problems by O R techniques becomes useful only when a choice between two or more courses of action is possible.

O R may be regarded as a tool that enables the decision maker to be objective in creating alternatives and choosing an alternative which is best from among these.

Posted Date: 3/20/2013 3:54:01 AM | Location : United States







Related Discussions:- Operation research and decision making, Assignment Help, Ask Question on Operation research and decision making, Get Answer, Expert's Help, Operation research and decision making Discussions

Write discussion on Operation research and decision making
Your posts are moderated
Related Questions
how to solve it

Question: (a) A company sells three different products X, Y and Z. The company makes a profit of Rs. 35, Rs. 50 and Rs. 60 per unit on products X, Y and Z respectively. The th

Discuss the methodology of operation research

G. Ambler has € 10000 available for a second hand car, but would like to buy a fast car that costs € 25000. He needs the money for that car quickly, and would like to increase his

Question: Spencerville Products is expanding its operations west of the Mississippi.  Its first step is to build a manufacturing facility in Denver to satisfy demand on the W

sope of operations research in a detailed manner

Non-Documentary Sources: On the other hand, non-documentary sources are institutional and human resources, both of which are important links in the information-transfer chain.

Solved LP Sample Assignment & Questions A person desires to decide the ingredients of a diet which will satisfy his routine necessities of fats, proteins, and carbohydrates at


Test Statistic The next  step is compute an appropriate  test statistic which  is based on an appropriate probability distribution. It  is used to test whether the null  hypo