NATURE AND APPLICATIONS OF OPERATIONAL RESEARCH
SUBMITTED TO: SUBMITTED BY: MS. AMANDEEP SAVEENA (LECTURER OF O.R) MBA-3RD (11-148)
INTRODUCTION & HISTORY OF OPERATIONAL RESEARCH
Operational research came into existence in 1885 when Frederick W. Taylor emphasised the application of scientific analysis to methods of production. The name (OR) probably came from a programme under taken by Great Britain during world war2, “research in military operations”. After the success of OR in military operations, it quickly spread to all phases of Industry and Government. By 1951, OR had take place as a distinct science in the United States. Hence it is said that Or is “the art of winning war without actually fighting it”.
OPERATIONAL RESEARCH IN INDIA:
In India OR society founded in 1959, also became a member of International Federation of OR Societies in 1959. Now OR techniques are used in almost all the walks of our life and Or is emerging as an interdisciplinary areas of knowledge that can make contribution to the solution of the problems in diversified areas of interest. There is too much impact of OR in economics, management, engineering and other social & behaviour sciences.
DEFINITION OF OPERATION RESEARCH:
* Operational research is the art of giving bad answers to problems which otherwise have worse answers. T.L. SAATY * Operational research is the scientific approach to problem solving for executive management. H.M. WAGNER * Operational Research (OR) is the use of advanced analytical techniques to improve decision making. It is sometimes known as Operations Research, Management Science or Industrial Engineering. People with...