Scope of Operation Research
In recent years of organized development, OR has entered successfully in many different areas of research. It is useful in the following various important fields
In agriculture
With the sudden increase of population and resulting shortage of food, every country is facing the problem of
Hence there is a requirement of determining best policies under the given restrictions. Therefore a good quantity of work can be done in this direction.
In finance
In these recent times of economic crisis, it has become very essential for every government to do a careful planning for the economic progress of the country. OR techniques can be productively applied
In industry
If the industry manager makes his policies simply on the basis of his past experience and a day approaches when he gets retirement, then a serious loss is encounter ahead of the industry. This heavy loss can be right away compensated through appointing a young specialist of OR techniques in business management. Thus OR is helpful for the industry director in deciding optimum distribution of several limited resources like men, machines, material, etc to reach at the optimum decision.
In marketing
With the assistance of OR techniques a marketing administrator can decide upon
In personnel management
A personnel manager can utilize OR techniques
In production management
A production manager can utilize OR techniques
In L.I.C
OR approach is also applicable to facilitate the L.I.C offices to decide
Role of Operations Research in Decision-Making
The Operation Research may be considered as a tool which is employed to raise the efficiency of management decisions. OR is the objective complement to the subjective feeling of the administrator (decision maker). Scientific method of OR is used to comprehend and explain the phenomena of operating system.
The benefits of OR study approach in business and management decision making may be categorize as follows
Better control
The management of large concerns finds it much expensive to give continuous executive supervisions over routine decisions. An OR approach directs the executives to dedicate their concentration to more pressing matters. For instance, OR approach handles production scheduling and inventory control.
Better coordination
Sometimes OR has been very helpful in preserving the law and order situation out of disorder. For instance, an OR based planning model turns out to be a vehicle for coordinating marketing decisions with the restrictions forced on manufacturing capabilities.
Better system
OR study is also initiated to examine a particular problem of decision making like setting up a new warehouse. Later OR approach can be more developed into a system to be employed frequently. As a result the cost of undertaking the first application may get better profits.
Better decisions
OR models regularly give actions that do enhance an intuitive decision making. Sometimes a situation may be so complex that the human mind can never expect to assimilate all the significant factors without the aid of OR and computer analysis.
Need Operation Research Assignment Help - Homework Help?
Do you have pending homework in Operations Research or troubled with incomplete assignments?
TutorsGlobe offers email based service in operation research homework help, operation research homework help and answering questions with best qualified and experienced subject tutor's assistance. Mostly students are not finding core concept and good materials for operation research subject and topics, We at TutorsGlobe prepare world class study materials and provide you freely on web. Our tutors are working for students giving those benefits of higher education teaching experience. Get solved problem just in time by professionals and compare yourself, you will get easy to solve same kind of problems in future.
Why TutorsGlobe for Operation Research Assignment Help
Catalysis tutorial all along with the key concepts of Chemisorption, Modern methods of surface studies, Types of Catalysts, Mechanisms of Catalytic Reactions, Inhibition and Poisoning
tutorsglobe.com heart block assignment help-homework help by online circulation tutors
electron affinity tutorial all along with the key concepts of factors affecting electron affinity, periodicity in electron affinity, trends across periods, trend across groups, atomic radius, electronic configuration, effective nuclear charge
while hot water is needed at more than one point (for example multi storied building) this type is employed. it keeps water of high pressure, (much more than 300 psi) it is termed pressure type.
tutorsglobe.com occurrence and principles of extraction of zinc assignment help-homework help by online first transition series tutors
Bit operators and Assignment operators-Homework help, Assignment help including the key concepts of Floating Point, Type conversion, goto and labels.
tutorsglobe.com troubleshooting chart of dc machines assignment help-homework help by online maintenance of rotating machines tutors
kirchhoffs circuit laws tutorial all along with the key concepts of history on kirchhoff's circuit laws, kirchhoff's current law, kirchhoff's voltage law, application of kirchhoff's law, bridge circuit and star delta connection
Let’s turn your academic tasks woes into wins – Get reasonable Epic Poetry Assignment Help right away!
www.tutorsglobe.com offers control hierarchy homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com significance of cash budgeting assignment help-homework help by online cash budgeting tutors
tutorsglobe.com economic systems assignment help-homework help by online basic economic problems tutors
www.tutorsglobe.com offers system elements homework help, system elements assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com haptens assignment help-homework help by online antigens and antigen presentation tutors
tutorsglobe.com imbibition assignment help-homework help by online absorption and movement tutors
1954120
Questions Asked
3689
Tutors
1489676
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!