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Operations research (OR) is an analytical method of problem-solving and decision-making that is useful in the management of organizations. In operations research, problems are broken down into basic components and then solved in defined steps by mathematical analysis. Analytical methods used in OR include mathematical logic, simulation, network analysis, queuing theory , and game theory . The process can be broadly broken down into three steps. A set of potential solutions to a problem is developed. (This set may be large.) The alternatives derived in the first step are analyzed and reduced to…mehr

Produktbeschreibung
Operations research (OR) is an analytical method of problem-solving and decision-making that is useful in the management of organizations. In operations research, problems are broken down into basic components and then solved in defined steps by mathematical analysis. Analytical methods used in OR include mathematical logic, simulation, network analysis, queuing theory , and game theory . The process can be broadly broken down into three steps. A set of potential solutions to a problem is developed. (This set may be large.) The alternatives derived in the first step are analyzed and reduced to a small set of solutions most likely to prove workable. The alternatives derived in the second step are subjected to simulated implementation and, if possible, tested out in real-world situations. In this final step, psychology and management science often play important roles.
Autorenporträt
Dr. Amit Kr. Jain has received a number of Awards and Honors and was recipient of National Merit Scholarship. His tenure led to an overall Excellence in Academic, Research, Infrastructure and Systemic Development of organization. His focus is to enhance the Quality of Technical Education through strategic Quality Initiatives.Specialties: Management