What is Operations Research?

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Presentation transcript:

What is Operations Research? The activities carried out in an organization.   Research The process of observation and testing characterized by the scientific method. Situation, problem statement, model construction, validation, experimentation, candidate solutions. Model An abstract representation of reality. Mathematical, physical, narrative, set of rules in computer program.

Systems Approach Include broad implications of decisions for the organization at each stage in analysis. Both quantitative and qualitative factors are considered. Optimal Solution A solution to the model that optimizes (maximizes or minimizes) some measure of merit over all feasible solutions.   Team A group of individuals bringing various skills and viewpoints to a problem. Operations Research Techniques A collection of general mathematical models, analytical procedures, and algorithms.

Problem Solving Process

Problems, Models and Methods Real World Situation Problems Models Methods

Computations with Excel Add-ins Where? ME Undergrad Lab Text book Download from Web

Activate Excel Add-ins Tools Menu: Add ORMM or Individual Add-ins

Available OR_MM Add-ins

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