Operational Research

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August 31, 2024 5 min read Definitions
Operational Research: The Application of Mathematical and Statistical Methods to Business Problems
Mathematics Business Operational Research Linear Programming Critical-Path Analysis Queuing Theory Inventory Management
Operational Research involves using mathematical and statistical methods to solve practical business problems. Techniques include linear programming, critical path analysis, and queuing and inventory analysis, applied across finance, purchasing, production, marketing, delivery systems, and inventory control.
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