204KM Operational Research
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The Operations Research (OR) is an analytical problem-solving and decision-making method that can be used to manage an organization. In operations research, the problem is broken down into its main components and then solved by mathematical analysis at certain stages.
The operations research process can be roughly divided into the following stages:
- Determine the problem to be solved.
- Build a model around problems similar to the real world and variables.
- Use the model to find a solution to the problem.
- Test each solution with a model and analyze its success.
- Implement solutions to practical problems.
- Disciplines that are similar or overlap with operations research include statistical analysis, management science, game theory, optimization theory, artificial intelligence, and network analysis. All of these technologies aim to solve complex problems and improve quantitative decision making.
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