Introduction to Operations Research

 GROUP MEMBER

 Istiak Rayhan
 Adnan Ahmed
 Abu Sayed Emon
 Irfanul Haque
 Abul Hasnat Morshed
What is operations Research?

 Applications of scientific methods , techniques and

tools to the analysis and solution.

 OR techniques are used for decision making.

 The tools of operations research are not from any

one discipline.
History of Operations Research
 Pre-World War II Development
(Early contributors include FW Taylor , Henry L
Gnatt , AK Erlang.)
 During World War II Development
(Used for effective allocation of limited military
resoueces)
 Post-World war II Development
(Industries Adopting the techniques)
Objectives of Operations Research
 Decision making and improve its quality.
 Identify the optimum solution.
 Integrating the system.
 Improve the objectivity of analysis.
 Minimize the cost and maximize the profit.
 Improve the productivity.
 Success in competitions and market
leadership.
Scope of Operations Research
 National plans & budgets.
 Defense services operations.
 Government developments & public sector units.
 Industrial establishment & private sector units.
 R & D and engineering division.
 Public works department.
 Business management.
 Agriculture and Irrigation projects.
 Education & Training.
 Transportation and Communication.
Models of Operations Research

Models of OR

By nature of
By structure
environment

Physical Analogue Mathematical Deterministic Probabilistic

model model model Model Model
Methods of Operations Research

 Analytical Method
 Trial and error method
 Simulation method
Phases of Operations Research

 Problem identification
 Model Building
 Solution of the model
 Validation of the model
 Report generation
Advantages and Limitations of OR
Advantages :
 Logic and systematic approach.
 Indicates scope as well as limitations.
 Helps in finding avenues.
 Make the overall structure of problems.

Limitations:
 Quantification
 Information gap
 Money and time costs.
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