Operations Research


Definition: Operations Research or operational research is the discipline of applying advanced analytical methods and problem-solving techniques to help make better and more efficient decisions and build more productive systems.
OR achieves this by using techniques such as mathematical modeling and simulation to analyze complex situations.
OR typically focuses on practical applications and on human-technology interaction. It has a computational and statistical background.
The field of OR gradually expanded from its original industrial engineering and operations management background. Modern synonyms are 'management science' and 'decision science' or even business analytics.



More on operations research.
More on operations: Operations Management, Safety Management.


MBA Brief offers brief, yet very accurate definitions of MBA concepts, frameworks, methods and models. We keep it short and provide some links in case you'd like to learn more around a subject.

© 2021 MBA Brief - Last updated: 23-1-2021  -  Privacy   |   Terms