Statement–I : Operation research is the application of scientific methods to the study of alternatives in a problem situation with a view to providing qualitative basis for arriving at an optimum solution in terms of goal sought. 53 Statement–II : Operation research is a quantitative commonsense embracing observation, experiment and reasoning. Codes :

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Financial Statements
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Statement–I : Operation research is the application of scientific methods to the study of alternatives in a problem situation with a view to providing qualitative basis for arriving at an optimum solution in terms of goal sought. <br />53 Statement–II : Operation research is a quantitative commonsense embracing observation, experiment and reasoning.<br /> <em>Codes :</em>