Role of operation research in decision making
Answers
Answered by
1
operation research is important because it is an helpful tool used to solve complex problem
Answered by
0
The role of Operations Research in decision-making is discussed below.
- Operations research, or OR, can be defined as the scientific, especially mathematical, and analytical problem-solving method that helps the management of organizations to make better decisions. Which in turn, helps in better, efficient, and effective working of the organization, and improved productivity.
- The OR can be said as a problem-solving tool.
- It helps in providing a quantitative basis that is arrived at by applying the scientific principles, for the complex decisions that the management takes.
Similar questions