Operations research, often shortened to the initialism OR, is a discipline that deals with the development and application of analytical methods to improve decision-making. The term management science is occasionally used as a synonym. (Source: Wikipedia) Examples of operation research models are: a map, activity charts balance sheets, PERT network, break-even equation, economic ordering quantity equation etc.
Operations research, often shortened to the initialism OR, is a discipline that deals with the development and application of analytical methods to improve decision-making. The term management science is occasionally used as a synonym. (Source: Wikipedia)
Examples of operation research models are: a map, activity charts balance sheets, PERT network, break-even equation, economic ordering quantity equation etc.
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