Operations Research

Introduction We are exposed to many situations that require choosing between different solutions. Operations Research (OR) or operational research arrives at optimal or near-optimal solutions to complex decision-making problems. Operations research deals with the application of advanced analytical methods to help make better decisions. Operations Research applies scientific method to the management of organized systems in business, industry, government and other enterprises. OR is regularly applied in areas such as marketing and revenue management systems, financial engineering, telecommunication networks, healthcare management, transportation networks, military defense, energy, and the environment. Specific chapter topics include Definitions and Concepts of operations research, linear programming, transportation problem, game theory, waiting lines theory and network analysis.