Management science

related topics
{theory, work, human}
{company, market, business}
{math, number, function}
{service, military, aircraft}
{group, member, jewish}
{specie, animal, plant}

Operational research, also known as operations research, is an interdisciplinary mathematical science that focuses on the effective use of technology by organizations. In contrast, many other science & engineering disciplines focus on technology giving secondary considerations to its use.

Employing techniques from other mathematical sciences --- such as mathematical modeling, statistical analysis, and mathematical optimization --- operations research arrives at optimal or near-optimal solutions to complex decision-making problems. Because of its emphasis on human-technology interaction and because of its focus on practical applications, operations research has overlap with other disciplines, notably industrial engineering and management science, and draws on psychology and organization science. Operations Research is often concerned with determining the maximum (of profit, performance, or yield) or minimum (of loss, risk, or cost) of some real-world objective. Originating in military efforts before World War II, its techniques have grown to concern problems in a variety of industries.[1]



Operational research encompasses a wide range of problem-solving techniques and methods applied in the pursuit of improved decision-making and efficiency.[2] Some of the tools used by operational researchers are statistics, optimization, probability theory, queuing theory, game theory, graph theory, decision analysis, mathematical modeling and simulation. Because of the computational nature of these fields, OR also has strong ties to computer science and analytics. Operational researchers faced with a new problem must determine which of these techniques are most appropriate given the nature of the system, the goals for improvement, and constraints on time and computing power.

Full article ▸

related documents
Alvin Toffler
The Machinery of Freedom
Werner Erhard and Associates
Infrastructural capital
Erhard Seminars Training
In the Beginning... was the Command Line
Christoph Gottfried Bardili
David Deutsch
William Schutz
Jacob Anatoli
Process theology
Painting style
Shoma Morita
Bahya ibn Paquda
Absurdist fiction
Educational essentialism
Institutional Mode of Representation
Functional theories of grammar
World History
Collective unconscious
Harold Lasswell
Chaos argument
Theoretical ecology
Hippodamus of Miletus
Wikipedia:WikiProject Military history/Arab-Israeli conflict general remarks