operations research means research on topics related to operations while operational research means research in on operating mode. The former is a term representing a subject of research, the later is showing the status of research.
Operational research allows business leaders to have more technical knowledge. With more research about operations, managers can choose the best alternatives presented to them. The key thing in this equation is that good operational research helps better business decisions. Often times the business decision often opted for is to spend more money on research.
The official definition for a quantitative model is " Collection of mathematical and statistical methods used in the solution of managerial and decision-making problems, also called operations research (OR) and management science."
A major feature of descriptive research studies is that - quantitative representation of behavior, opinions, or phenomenon. Representative samples or entire populations so draw conclusions, specify particular characteristics they wish to study in advance of data collection
The official definition for a quantitative model is " Collection of mathematical and statistical methods used in the solution of managerial and decision-making problems, also called operations research (OR) and management science."
Explain the scope of Operations Research. What are the features of Operations Research?
principles of modelling in Operations Research principles of modelling in Operations Research principles of modelling in Operations Research
"What is the role of operations research in banks?"
Mathematics of Operations Research was created in 1976.
define the scope of operations research
operations research means research on topics related to operations while operational research means research in on operating mode. The former is a term representing a subject of research, the later is showing the status of research.
Read the books 1."Operations Research" by R. Paneerselvam 2."Operations Research" by Kanti Swarup
International Abstracts in Operations Research was created in 1961.
Operations Research Society of South Africa was created in 1969.
Journal of the Military Operations Research Society of Korea was created in 1975.
Patrick Rivett has written: 'An introduction to operations research' -- subject(s): Operations research 'Model building for decision analysis' -- subject(s): Decision making, Mathematical models 'Concepts of operational research' -- subject(s): Operations research
James H. Batchelor has written: 'Operations research' -- subject(s): Bibliography, Operations research