a real life application of operations research n.
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Analytical Business Consultants

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  1. A Real Life Application of Operations Research Analytical Business Consultants

  2. Valued for possessing both technical (math, science, computer science, etc.) skills and “soft” (communication, management) skills. • Business problem solver rather than technical • Wouldn’t be called on to discuss different shipment methods the company could use, but could be to determine best shipment method given certain conditions

  3. A job that is growing in importance due to increase in technology and availability of data • Amount of data is too broad for just statisticians • Growing role for ABCs due to general problem solving skills. Especially data analysis (aka Operations research)

  4. An ABC uses different analysis to suit problem • Operations Research • Engineering • Economics • Statistics

  5. Don’t just analyze data • Must be able to guide actions based on their insights and suggestions

  6. Some different examples of business that ABCs can be involved in • Pricing and sales management (Red Brand Canners) • Forecasting • R & D

  7. The knowledge of Operations Research ideas isn’t necessary but it is necessary to be able to do the same kind of thought process. • Ex. Knowing how to Optimize an LP could be useful in some situations, but being able to look at the problem and analyze it in a way that you could put it in an LP is generally more useful.