Operations research
Operations Research
Operations Research (pronounced: /ˈɒpəˌreɪʃənz rɪˈsɜːrtʃ/), also known as Operational Research in the UK, is a discipline that deals with the application of advanced analytical methods to help make better decisions. The term originated from military efforts in World War II, where teams of scientists and mathematicians worked on complex logistical and strategic problems.
Etymology
The term "Operations Research" was coined during World War II in the United Kingdom. The military management in England called upon a team of scientists to apply a scientific approach to the strategic and tactical problems of air and land defense. Their objective was to find the most effective utilization of limited military resources by the use of quantitative techniques.
Related Terms
- Linear Programming: A mathematical method for determining a way to achieve the best outcome in a given mathematical model for some list of requirements represented as linear relationships.
- Decision Analysis: A systematic, quantitative, and visual approach to addressing and evaluating important choices confronted by businesses.
- Game Theory: The study of mathematical models of strategic interaction among rational decision-makers.
- Simulation: The imitation of the operation of a real-world process or system over time.
- Optimization: The selection of a best element from some set of available alternatives.
- Stochastic Modeling: A tool for estimating probability distributions of potential outcomes by allowing for random variation in one or more inputs over time.
See Also
External links
- Medical encyclopedia article on Operations research
- Wikipedia's article - Operations research
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