Operations research (OR) uses mathematical modeling, statistical analysis, and algorithms to help solve complex operational problems. The document discusses the origins and nature of OR problems, as well as the impact of OR. It also outlines common OR methods like linear programming and queueing theory. Finally, it provides the typical 6 steps to an OR study: defining the problem, formulating a mathematical model, developing a computer-based solution procedure, testing and refining the model, preparing for ongoing application, and implementing the results.
Operations research (OR) uses mathematical modeling, statistical analysis, and algorithms to help solve complex operational problems. The document discusses the origins and nature of OR problems, as well as the impact of OR. It also outlines common OR methods like linear programming and queueing theory. Finally, it provides the typical 6 steps to an OR study: defining the problem, formulating a mathematical model, developing a computer-based solution procedure, testing and refining the model, preparing for ongoing application, and implementing the results.
Operations research (OR) uses mathematical modeling, statistical analysis, and algorithms to help solve complex operational problems. The document discusses the origins and nature of OR problems, as well as the impact of OR. It also outlines common OR methods like linear programming and queueing theory. Finally, it provides the typical 6 steps to an OR study: defining the problem, formulating a mathematical model, developing a computer-based solution procedure, testing and refining the model, preparing for ongoing application, and implementing the results.
METHODS OF OPERATIONS RESEARCH • Mathematical programming techniques such as linear programming
• Stochastic process techniques such as queueing theory
• Statistical methods such as regression analysis
Steps in OR study design: 1. Define the problem of interest and gather relevant data. 2. Formulate a mathematical model to represent the problem. 3. Develop a computer-based procedure for deriving solutions to the problem from the model. 4. Test the model and refine it as needed. 5. Prepare for the ongoing application of the model as prescribed by management. 6. Implement.