BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Management Science
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Behavioral Science
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Decision Science
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Decision Analytics
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Modelling Science
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Detailed explanation-1: -Operations Research, also called Decision Science or Operations Analysis, is the study of applying mathematics to business questions. As a sub-field of Applied Mathematics, it has a very interesting position alongside other fields as Data Science and Machine Learning.
Detailed explanation-2: -operations research, also called operational research, application of scientific methods to the management and administration of organized military, governmental, commercial, and industrial processes.
Detailed explanation-3: -Operations research (O.R.) is defined as the scientific process of transforming data into insights to making better decisions. Analytics is the application of scientific & mathematical methods to the study & analysis of problems involving complex systems.
Detailed explanation-4: -Operations Research (OR) concerns the use of scientific, often mathematical, methods for planning problems. Originally invented by the military during the second world, it has since spread to large companies and government organisations and been applied there with great success.
Detailed explanation-5: -Data analytics and operations research are rapidly growing disciplines that use a range of mathematical, statistical and computational approaches to extract information and make decisions in areas from pure science research to applied business management.