Operations research or operational research (OR) is an interdisciplinary branch of mathematics which uses methods like mathematical modeling, statistics, and algorithms to arrive at optimal or good decisions in complex problems which are concerned with optimizing the maxima (profit, faster assembly line, greater crop yield, higher bandwidth, etc) or minima (cost loss, lowering of risk, etc) of some objective function. The eventual intention behind using operations research is to elicit a best possible solution to a problem mathematically, which improves or optimizes the performance of the system.
This book is intended for both mathematics students and also for those interested in the subject from a management point of view.
Table of contents[edit | edit source]
- Decision Making Environments
- Linear Programming
- Transportation and Assignment Problem
- Game Theory
- Sequencing Problem
- Queuing Theory
- Replacement Problems
- Project Management
- Network Models