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Operations Research (OR) is a mathematical and analytical Introduction to Operations Research discipline used for problem-solving and decision-making in business, engineering, and logistics. ? It involves optimization, statistical analysis, and simulation. ? Used in industries like supply chain, manufacturing, finance, and healthcare. ? Helps in making informed, data-driven decisions for efficiency and productivity. tutorintellect.com
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Key Topics in Operations Research Some of the most important topics in OR include: ? Linear Programming (LPP) – Simplex method, duality, sensitivity analysis. ? Transportation & Assignment Problems – Cost minimization techniques. ? Queuing Theory – Analyzing waiting lines and system performance. ? Decision Analysis & Game Theory – Optimal decision-making in competitive situations. ? Markov Chains & Stochastic Processes – Probabilistic models for real-world applications. ? Simulation & Forecasting – Modeling and predicting future tutorintellect.com trends.
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