Archive | Operation Research

Operation Research: Definition, Scope and Techniques

After reading this article you will learn about:- 1. Meaning and Definition of Operation Research 2. Phases in Operation Research Study 3. Scope 4. Characteristics 5. Methodology 6. Models 7. Techniques 8. Applications 9. Limitations. Meaning and Definition of Operation Research: It is the method of analysis by which management receives aid for their decisions. […]

Top 6 Methods Used in Operation Research

This article throws light upon the top six methods used in operation research. The methods are: 1. Linear Programming 2. Transportation Problems 3. Waiting Line or Queuing Theory 4. Game Theory 5. Simulation and Monte Carlo Technique 6. Dynamic Programming. Method # 1. Linear Programming: Linear Programming is a mathematical technique for finding the best […]