Operations research (OR) is crucial for optimizing decision-making and resource allocation in complex systems. It employs mathematical models and analytical methods to improve efficiency, reduce costs, and enhance productivity across various industries. By providing data-driven insights, OR helps organizations solve challenging problems, streamline processes, and ultimately achieve strategic goals. Its applications range from logistics and supply chain management to finance and healthcare, making it an essential tool for modern management.
scope of operation research
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the nature of operation research?
what is the importance of conducting research in public administration
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1. It enbles new and improved processes to be invented. 2. Industries are able to produce products of improved quality 3. Through research industries are able to obtain freedom from domination by foreign countries
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Operations research helps a business to make decisions regarding crucial aspects like cues or the order of production of certain materials. The analytical methods applied aid in industrial production and wartime planning.
Operation Research Group- Marketing Research Group
Research is a pillar of any subject because the information which any subject carry's is only because of the research done previously.
scope of operations research