Showing posts with label OPERATION RESEARCH. Show all posts
Showing posts with label OPERATION RESEARCH. Show all posts

Wednesday, September 11, 2019

NATURE AND SCOPE OF OPERATION RESEARCH





  • NATURE AND SCOPE OF OPERATION RESEARCH
  • OPERATION RESEARCH
  • BY DR. SHASHI AGGARWAL ( UPDATED VIDEO WILL BE UPLOADED SHORTLY)
  • INTRODUCTION
  1. SIMPLY BE VIEWED AS A SYSTEMATIC AND ANALYTICAL APPROACH TO DECISION MAKING AND PROBLEM SOLVING
  2. O.R. AS TERMED IN THE USA,CANADA ,AFRICA,AUSTRALIA AND OPERATIONAL RESEARCH AS TERMED IN THE EUROPE IS AN INTER DISCIPLINARY BRANCH OF APPLIED MATHEMATICS THAT USE TECHNIQUES AND STATISTICS TO ARRIVE AT OPTIMAL OR NEAR OPTIMAL SOLUTIONS TO COMPLEX PROBLEMS
  3. IT IS DISTINCT DISCIPLINE AND BUT IT HAS BECOME AN INTEGRAL PART OF INDUSTRIAL ENGINEERING PROFESSION
  4. SOME OF THE PRIMARY TOOLS USED ARE STATISTICS,PROBABILITY THEORY,GAME THEORY,GRAPH THEORY,DECISION THEORY AND OPTIMIZATION,