A Real Life Application of Operations Research Analytical Business Consultants
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
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)
An ABC uses different analysis to suit problem • Operations Research • Engineering • Economics • Statistics
Don’t just analyze data • Must be able to guide actions based on their insights and suggestions
Some different examples of business that ABCs can be involved in • Pricing and sales management (Red Brand Canners) • Forecasting • R & D
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.