Typical Application Of Operation Research. According to the operational research society of uk operational research is the application of methods of modern science on complex problems arising in the direction and management of large systems of men machines materials and money in the industry business government and defence. The subject of operation research was born during second world war in u k and was used for military strategy.
Operational research is the scientific study of operations for the purpose of making better decisions. The historical application areas listed below are represented by informs communities specialized journals entries in the encyclopedia of operations research and management science and other taxonomies. 1 4 the operations research approach.
1 orientation 2 problem definition 3 data collection 4 model formulation 5 solution 6 model validation and output analysis and 7.
Production and facilities planning. Fraud prevention anti money laundering. Operational research is the scientific study of operations for the purpose of making better decisions. According to the operational research society of uk operational research is the application of methods of modern science on complex problems arising in the direction and management of large systems of men machines materials and money in the industry business government and defence.
