Originating in military efforts before World War II, its techniques have grown to concern problems in a variety of industries. Operations research is often concerned with determining the extreme values of some real-world objective: the maximum (of profit, performance, or yield) or minimum (of loss, risk, or cost). Because of its emphasis on practical applications, operations research has overlap with many other disciplines, notably industrial engineering. Įmploying techniques from other mathematical sciences, such as modeling, statistics, and optimization, operations research arrives at optimal or near-optimal solutions to complex decision-making problems. The term management science is sometimes used as a synonym. It is sometimes considered to be a subfield of mathematical sciences. Operations research ( British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. ( December 2020) ( Learn how and when to remove this template message) The specific issue is: US perspective completely neglected, George Dantzig gets a passing mention only You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. The examples and perspective in this article may not represent a worldwide view of the subject.
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