Business managers face an endless list of complex issues every day. They must make decisions about financing, where to build a plant, how much of a product to manufacture, how many people to hire, and ...

The critical path method, a product of operations research, helps you set timetables for complicated projects made up of multiple interdependent tasks. Getting these kinds of projects done in the most ...

WHAT is ‘Operational research'? Is it an activity of major importance to industry? Can it be carried out effectively by co-operative organisations such as research associations? How does one set about ...

The Journal of the Operational Research Society, Vol. 37, No. 2, O. R. in Developing Countries (Feb., 1986), pp. 205-210 (6 pages) This paper is concerned with some fundamental aspects of the process ...

Operational Research involves the application of advanced mathematical techniques such as modelling, optimisation, and simulation, coupled with innovative problem-solving approaches, to address ...

Financial institutions are in the business of risk management and reallocation, and they have developed sophisticated risk management systems to carry out these tasks. The basic components of a risk ...