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aPPLICATION OF Operation Research

The document discusses the wide application of operations research across various fields of business and government. It provides numerous examples of how operations research is used in accounting, construction, facilities planning, finance, manufacturing, marketing, organizational behavior, purchasing, research and development, military operations, and program decisions. Some specific applications mentioned include project scheduling, cash flow planning, inventory control, advertising budget allocation, personnel planning, optimal buying, R&D project control, and strategic military planning.

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Brylle James Bigornia
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927 views3 pages

aPPLICATION OF Operation Research

The document discusses the wide application of operations research across various fields of business and government. It provides numerous examples of how operations research is used in accounting, construction, facilities planning, finance, manufacturing, marketing, organizational behavior, purchasing, research and development, military operations, and program decisions. Some specific applications mentioned include project scheduling, cash flow planning, inventory control, advertising budget allocation, personnel planning, optimal buying, R&D project control, and strategic military planning.

Uploaded by

Brylle James Bigornia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Application of Operations Research

Today, almost all fields of business and government utilizing the benefits of Operations Research.
There are voluminous of applications of Operations Research such as:
 Accounting
 Assigning audit teams effectively
 Credit policy analysis
 Cash flow planning
 Developing standard costs
 Establishing costs for byproducts
 Planning of delinquent account strategy

 Construction
 Project scheduling, monitoring and control
 Determination of proper work force
 Deployment of work force
 Allocation of resources to projects

 Facilities Planning
 Factory location and size decision
 Estimation of number of facilities required
 Hospital planning
 International logistic system design
 Transportation loading and unloading
 Warehouse location decision

 Finance
 Building cash management models
 Allocating capital among various alternatives
 Building financial planning models
 Investment analysis
 Portfolio analysis
 Dividend policy making

 Manufacturing
 Inventory control
 Marketing balance projection
 Production scheduling
 Production smoothing
 Marketing
 Advertising budget allocation
 Product introduction timing
 Selection of Product mix
 Deciding most effective packaging alternative

 Organizational Behavior / Human Resources


 Personnel planning
 Recruitment of employees
 Skill balancing
 Training program scheduling
 Designing organizational structure more effectively

 Purchasing
 Optimal buying
 Optimal reordering
 Materials transfer

 Research and Development


 R & D Projects control
 R & D Budget allocation
 Planning of Product introduction

 Military
 utilization of critical resources during military operations
 strategic and operational through linear and integer programming
 building reliable communication networks
 Multiple Criteria Decision-Making
 decision analysis and value focused thinking

 Program decisions
 What, when and how to purchase to minimize procurement cost
 Bidding and replacement policies
Reference
1. Quantitative Techniques for Managers
2. Operations Research and Management Science Handbook, A. Ravi Ravindran

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