Operations Research (O.R.) is a science which deals with problem, formulation, solutions and finally appropriate decision making. It is concerned with co-coordinating and controlling the operations or activities within an organization. O. R. can be regarded as use of mathematical and quantitative techniques to verify the decisions being taken. O. R. takes tools from subjects like Mathematics, Statistics, engineering, economics, psychology, etc. and uses them to know the consequences of possible alternative actions.
This subject is new and started after World War II, when the failures of missions were very high. Scientists and technocrats formed team to study the problem arising out of difficult situations and at the later stage solutions to these problems. It is research designed to determine most efficient way to do something new. O.R. is the use of mathematical models, statistics and algorithm to aid in decision-making.
Details
- Publication Date
- Jan 18, 2016
- Language
- English
- ISBN
- 9781329838772
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): V H Bajaj, By (author): Hemant P Umap, By (author): Ompraksh S Jadhav
Specifications
- Pages
- 216
- Binding
- Perfect Bound
- Interior Color
- Black & White
- Dimensions
- US Trade (6 x 9 in / 152 x 229 mm)