Volume : I, Issue : VI, November - 2012

Role Of Operations Research in Business Decision Making

N. Santosh Ranganath

Abstract :

This paper reviews the application of Operations Research to the business organizations to take the effective decisions. To find the reasons for the attractiveness of general business problems to OR researchers, the main type of business decision making problems amenable to OR are identified, and some of the many problems solved by using OR are techniques. While mathematical programming is the most widely applied technique, linear programming, transportation, assignment and simulation methods are increasingly widely used. OR now plays an important role in the operation of business problem solving and this importance is likely to increase, creating the opportunity for OR to play an even greater role. This paper indicates that OR techniques play an important role in business organizations and, with the recent dramatic improvements in the real time availability of data and in computer speed, this role will increase

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

N. Santosh Ranganath Role Of Operations Research in Business Decision Making International Journal of Scientific Research, Vol.I, Issue.VI Nov 2012

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