Mathpedia
Quantitative Techniques / Brief Outlines of Operation Research Models
Some of important models or techniques used in OR are as follows: Allocation (Distribution) Models: The resources or facilities are… […]
Archive
Mathpedia
Scientific Method for making decisions in Operation Research
The scientific method in Operation Research for making decisions generally involves the following phases – Judgment Phase… […]
Mathpedia
Approaches / Phases / Methodology / Stages of Development of Operation Research
Before proceeding to find the solution to a problem, first of all, one must be able to formulate the problem in the form of an … […]
Operation Research
Advantages and Disadvantages of Operation Research
Advantages & Disadvantages of Operation Research: Operations Research also has certain limitations. These limitations are mostly related to the model building and money and time factors … […]
Mathpedia
Applications of Operation Research in Management
Some areas of management decision making, where the tools and techniques of OR have been successfully utilized are… […]
Mathpedia
Scope / Applications of Operation Research
OR is useful to the Industry Director in deciding optimum allocation of various limited resources such as men, machines, material, money… […]
Operation Research
Significant features / Nature / Characteristics of Operation Research
By OR techniques, we cannot obtain perfect answers to our problems but, only quality of the solution is improved from worse to bad… […]
Mathpedia
Meaning of Operation Research
To some, OR is that certain body of problems, techniques, and solutions that has been accumulated under the name of OR… […]
Mathpedia
Objective of Operation Research
The objective of Operation research is to provide a scientific basis to the decision makers for solving the problems… […]
Mathpedia
Why most of the definitions of OR are not satisfactory?
Most of the definitions of Operations Research have been offered at different times of development of ‘OR’ and hence are bound to… […]