Operation Research

Business- a complex decision making process

It has various functions like, operations,
marketing, finance, HR, R& D etc.
Achieving a business goal is not a childs play
in the competitive world.
A lot depends on the decision making skill of
management.

 Operations research (OR) is an analytical

method of problem-solving and decisionmaking 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.

OR procedure
1. Define the problem and gather data
2. Formulate a mathematical model to
represent the problem
3. Develop solutions to the model
4. Test/refine the model
5. Implement

OR applications

OR applications