Role of operations research model in decision making
Answers
Hey here ia your answer
Operations research is important because it is a helpful tool used to solve complex problems under uncertainty. In business, very few things are certain, and managers must often make decisions based on their instincts instead of being able to use reliable data. Operations research techniques fill this void with methods that quantify issues and give business managers a better basis for making decisions.
Hope it is helpful please mark it in brainlist answer
Answer:
Organizational management can benefit from the analytical problem-solving and decision-making process known as operations research (OR). In operations research, issues are deconstructed into their simplest forms before being mathematically analyzed and then resolved in a set of processes.
Explanation:
Operations research is significant because it is a useful tool for resolving challenging issues in the face of uncertainty. Since there are so few certainties in business, managers frequently must rely on their gut feelings rather than being able to utilize accurate evidence when making judgments. With methodologies that quantify problems and provide company managers with a stronger foundation for decision-making, operations research techniques bridge this gap.
What does "model" mean in operations research:
In: Uncategorized, an image result. A model is defined as a representation of a real-world system, including any problems, processes, activities, or events that are associated with it. Models allow us to conduct experiments more successfully than on the actual system, which is either impractical or too expensive. Benefits of a model
conclusion:
Operational research merely serves as a tool for making decisions and gives managers the information they need to do so. The managers utilize this quantitative data to make judgments and determine which ones are best. As a result, it is employed to resolve difficult issues.