Operation research | Memory & Study Skills Online Course by Udemy

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Operation research

Welcome to my course on operation research. In this course, you will start as a beginner. The course is structured in a way that will take you through the basics. The first thing you will learn is some basic information about operation research. 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. The process of operations research can be broadly broken down into the following steps: Identifying a problem that needs to be solved. Constructing a model around the problem that resembles the real world and variables. Using the model to derive solutions to the problem. Testing each solution on the model and analyzing its success. Implementing the solution to the actual problem. Importance of operations researchThe field of operations research provides a more powerful approach to decision making than ordinary software and data analytics tools. Employing operations research professionals can help companies achieve more complete datasets, consider all available options, predict all possible outcomes and estimate risk. Additionally, operations research can be tailored to specific business processes or use cases to determine which techniques are most appropriate to solve the problem. Uses of operations researchOperations research can be applied to a variety of use cases, including: Scheduling and time management. Urban and agricultural planning. Enterprise resource planning (ERP) and supply chain management (SCM).Inventory management. Network optimization and engineering. Packet routing optimization. Risk management.

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