Operations Research & Management Science

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The terms operations research and management science are often used synonymously. When a distinction is drawn, management science generally implies a closer relationship to the problems of business management. Operations research also closely relates to industrial engineering and computer science.

Operations Research Services

Analysis of Business Operations.

Applying Operations Research Science to Business Operations

Operations Research

Operations research has the purpose of investigating, analyzing and improve business operations. The research encompasses the entire system, but can also focus on specific elements only.

An operations researcher analysis the operation and determines which techniques are most appropriate for monitoring, controlling, planning and organization, given the nature of the system, the goals for improvement, and constraints on time and resources.

Some of the primary tools used by operations researchers are statistics, optimization, stochastic's, queuing theory, game theory, graph theory, decision analysis, and simulation.

 

Operations Research

  • Linear Algebra

  • Linear Programming

  • Simplex Algorithm

  • Sensitivity Analysis

  • Transportation, Assignment and Transshipment Problems

  • Network Models

  • Integer Programming

  • Calculus

  • Probability

  • Nonlinear Programming

  • Decision Making under Uncertainty

  • Decision Making with Multiple Objectives
  • Game Theory
  • Deterministic EOQ Inventory Models
  • Probabilistic Inventory Models
  • Inventory Theory
  • Markov Chains
  • Deterministic Dynamic Programming
  • Probabilistic Dynamic Programming
  • Queuing Theory
  • Simulation