Managerial Application Of Operation Research. Operation management can be defined as the management of systems for providing goods or services and is concerned with the design and operation of systems for the manufacture transport supply or service. The operating systems convert the inputs to the satisfaction of customers need.
Application of quantitative analysis computers for managerial decision making in operations problems 10. Minimizing the loss and risk. Application of operations research to managerial decision making.
Operations research or is an analytical method of problem solving and decision making that is useful in the management of organizations.
Quantitative basis for decision making is provided to. In operations research a team of experts from the different fields first define the problem then represent that problem in the form of a set of mathematical equations. The operating systems convert the inputs to the satisfaction of customers need. Operations research has been successful.
