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What is Nature of Operations Research Explained about?

Operations research is a scientific approach that uses quantitative analysis and modeling to help executives make better decisions. It takes an interdisciplinary, systems-oriented approach to problem solving. Operations research develops models of operations and uses techniques like linear programming, simulation, and game theory to analyze problems in areas like finance, marketing, production, and personnel management. The goal is to provide an objective basis for optimal resource allocation and improved d

Author

Richa Kothari

Language

EN