Operations Research

Definition of Operations Research as it relates to Business, Business Planning, Supply Chain Management

Operations Research is an interdisciplinary field focused on applying mathematical and analytical techniques to improve decision-making in complex systems, including those found in business settings. It involves developing and using models, algorithms, and simulations to optimize processes, allocate resources, and manage risk in areas such as supply chain management, production planning, and business operations. The goal is to provide managers with actionable insights that enable them to make informed decisions and achieve desired outcomes.

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