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Saturday, April 25, 2015

What is Operations Research?

Nicely done overview of OR, my formal training and thirty plus years of experience.  Closely connected to Analytics, with the inclusion of the decisions needed.   By Jeffrey Strickland.   " .... Many people probably never heard the phrase “Operations Research” used. Operations Research (OR), or operational research in the U.K, is a discipline that deals with the application of advanced analytical methods to help make better decisions. The terms management science and analytics are sometimes used as synonyms for operations research. Yet, in my experience OR extends far beyond either. The figure shows a hierarchy of operations research activities, and I’ll let you decide if they are also performed in analytics. ... " 

  At the link above an excellent chart describing key components.   Tag below links to many examples and resources.

To follow, a new book on open source Operations Research ....

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