Operations research is a discipline that deals with problem-solving and decision-making within an organization. It uses advanced analytical and mathematical methods to be able to provide objective and quantitative-based decision. It applies techniques like data envelopment analysis, queuing theory, mathematical optimization, and statistical analysis. Operations research can be employed in a wide range of business applications, including quality management, inventory management, and supply chain management. More specific applications of operations research are in terms of allocation of an organization’s resources, selecting facility location, advertising budget allocation, selection of personnel, and investment decision.

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