Operational Research (OR) is a discipline that focuses on developing and using mathematical and analytical techniques to help make better decisions in complex, real-world situations. To achieve their goals, OR practitioners use these techniques to help organizations identify the best ways to use limited resources, such as time, money, and personnel.
These techniques can be applied to various fields, including business, military, healthcare, transportation, and logistics. Some standard techniques used in OR include optimization, simulation, and game theory.
One example of OR in action is the use of optimization algorithms to identify the most efficient delivery routes for a fleet of vehicles. Another example is using simulation models to predict the likely outcomes of different decisions in a complex system, such as a supply chain or a healthcare system.
Operational Research helps organizations make informed, data-driven decisions that can improve efficiency and effectiveness.
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