BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Operations Research
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Operation Research
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Operational Research
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Organization Research
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Detailed explanation-1: -Operations research (OR) is an analytical method of problem-solving and decision-making that is useful in the management of organizations. In operations research, problems are broken down into basic components and then solved in defined steps by mathematical analysis.
Detailed explanation-2: -Operational Research (OR) is the application of similar ideas to larger, more complex decisions that concern the operations of systems, such as businesses and networks of machines. Making these decisions using OR entails employing mathematical methods in order to solve a numerical version of the problem at hand.
Detailed explanation-3: -“O.R is the application of scientific method by interdisciplinary teams to problems involving the control of organized (men-machines) systems so as to provide solution which best serve the purpose of the organisation as a whole”.
Detailed explanation-4: -For example, the Journal Title, Computers and Operations Research might be abbreviated as Comput Oper Res .
Detailed explanation-5: -Other names, such as ‘management science’, ‘operational analysis’ and ‘systems analysis’, are frequently used as synonyms.