What are the steps involve in solving operational research?
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The six methodology involves in operation research are as follows: 1. Formulating the Problem 2. Constructing a Model to Represent the System under Study 3. Deriving Solution from the Model 4. Testing the Model and the Solution Derived from it 5. Establishing Controls over the Solution 6. Implementation of the Solution.
Quantitative basis for decision making is provided to managers by O.R. It enhances a manager’s ability to make long range plans and to solve the routine problems of running an enterprise/ concern. O.R. is a systematic and logical approach to provide a rational footing for taking decisions.
Quantitative basis for decision making is provided to managers by O.R. It enhances a manager’s ability to make long range plans and to solve the routine problems of running an enterprise/ concern. O.R. is a systematic and logical approach to provide a rational footing for taking decisions.
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