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Operational research uses analytical methods to optimize processes, improve decision-making, and enhance efficiency in industrial problems by modeling complex systems and evaluating different scenarios.
OR helps industries optimize their processes, such as production, supply chain, logistics, and distribution. It assists in finding the most efficient ways to allocate resources, minimize costs, and maximize output.
The role of OR is to help in the planning, decision making, and control and monitoring
Decision making
Planning, Monitoring and control
Budgeting and Cost management
Decision making, Planning, Monitoring and control, Budgeting and Cost management.
to helps reduce uncertainties
Decision making, Planning, Monitoring and control, Budgeting and Cost management.
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thanks