Operations Research and Management
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Operations research mainly focuses on providing professionals with the tools and techniques that facilitate better decision making. It uses mathematical analysis, statistics and mathematical modeling for this purpose. Organizations often face the dilemma of selecting an optimum solution among several lucrative choices; operations research provides them with the tools to compare these options. Operations management on the other hand deals with redesigning business processes, scheming, controlling and managing production. While operations research deals with the quantitative analysis, operations...
Operations research mainly focuses on providing professionals with the tools and techniques that facilitate better decision making. It uses mathematical analysis, statistics and mathematical modeling for this purpose. Organizations often face the dilemma of selecting an optimum solution among several lucrative choices; operations research provides them with the tools to compare these options. Operations management on the other hand deals with redesigning business processes, scheming, controlling and managing production. While operations research deals with the quantitative analysis, operations management is the combination of both qualitative and quantitative aspects. This book studies, analyses and uphold the pillars of these fields and their utmost significance in modern times. For all readers who are interested in these disciplines, the case studies included in this book will serve as an excellent guide to develop a comprehensive understanding. This text is a compilation of chapters that discuss the most vital concepts and emerging trends in the field of operations research and management.
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