Mathpedia
Advantages of OR Approach in Decision-Making / Role (Importance) of OR in Decision-Making
The advantages of OR study approach in business and management decision making may be classified as follows… […]
operation research
Mathpedia
Decision Theory / Decision Making in Operations Research
The decisions are taken simply by common sense, judgment and expertise without using any mathematical or any other model in simple situations. […]
Mathpedia
Characteristics / Features of a Good Model in Operation Research
It should express the relations and interrelations of action and reaction of cause and effect in operational situations. […]
Mathpedia
Advantages and Disadvantages of a Model in Operation Research
Advantages and Disadvantages of Model in Operation Research are as follows: It describes a problem much more … […]
Mathpedia
General Methods for Solving ‘Operation Research’ Models
Some mathematical models may be so complex that it is impossible to solve them by any of the available optimizations… […]
Mathpedia
Principles of Modelling in Operation Research
There are ten principles of modelling in operation research. 1. Do not build up a complicated model when a simple one will suffice… […]
Mathpedia
Classification of Modelling in Operations Research
Models can also be classified by the purpose of their utility. The purpose of a model may be descriptive predictive or prescriptive… […]
Mathpedia
What is Model in Operation Research?
What is Model in Operation Research – A model in the sense used in OR is defined as a representation of an actual object or situation. It shows the relationships… […]
Mathpedia
Relationship between the Manager and O.R. Specialist
The role of the O.R. (Operation Research) specialist is to help the manager make better decisions. The following figure explains… […]
Mathpedia
What kind of problem we can solve from Operation research?
Operation research does not deal with the everyday problems such as output by the one worker or machine capacity; instead it is… […]