UBS

Operations Research (OR)

What is Operations Research (OR)?

Operations research, popularly known as OR, is defined as a scientific research method used to determine the right decision for a problem using different mathematical techniques. Operations research is used to provide aid to people in decision-making who manage large organizations or organized systems. The operations research focuses on the whole system attached to project management rather than focusing on individual parts of the system.

The primary purpose of operations research is to improve the performance of the existing system rather than develop a new system. In operations research, a team of experts from the different fields first define the problem then represent that problem in the form of a set of mathematical equations. After that, the computer analyzes the mathematical equations to find a solution for the problems, and then these solutions are applied to solve managerial and administrative problems of your organization.

Also, See: Project Management

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