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ESSAY Research Operations

The document discusses operations research, which is an analytical method used for problem solving and decision making in organizations and management. It breaks problems down into basic components and solves them through mathematical analysis. Some key concepts in operations research discussed include algorithms and statistics, optimization, simulation, linear programming, waiting line theory, inventory control systems, replacement problems, network analysis, and sequencing problems. Operations research provides a powerful decision making method that can help companies obtain more complete data, consider all options, predict outcomes, and estimate risks to solve specific business problems.

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74 views6 pages

ESSAY Research Operations

The document discusses operations research, which is an analytical method used for problem solving and decision making in organizations and management. It breaks problems down into basic components and solves them through mathematical analysis. Some key concepts in operations research discussed include algorithms and statistics, optimization, simulation, linear programming, waiting line theory, inventory control systems, replacement problems, network analysis, and sequencing problems. Operations research provides a powerful decision making method that can help companies obtain more complete data, consider all options, predict outcomes, and estimate risks to solve specific business problems.

Uploaded by

Delfino Rodriguez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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UNIVERSIDAD AUTONOMA DE NUEVO LEON

FACULTAD DE CONTADURIA PUBLICA Y ADMINISTRACION

ESSAY
OPERATIONS RESEARCH
Introduction
In this essay, I am going to talk about operations research and some key concepts
about this topic and its significance in the world. There are three primary
characteristics of operations research that we investigate, and they are vitally
important, there are other concepts that we will also look at in detail that we can
use to help us solve problems.
What is Operation Research?
It is an analytical method for problem solving and decision making, which is very
useful for organization and management. In operations research, the problem is
broken down into basic components, and then solved in defined steps through
mathematical analysis.

The process of operations research can be roughly divided into the following steps:
 Identify the problem that needs to be solved.
 Build a model around problems like the real world and variables.
 Use the model to derive the solution to the problem.
 Test each solution on the model and analyze its success.
 Implement and solve practical problems.
The field of operations research provides a more powerful decision-making method
than ordinary software and data analysis tools. Hiring professionals in operations
research can help companies obtain a more complete data set, consider all
available options, predict all possible outcomes, and estimate risks. In addition,
operations research can be customized for specific business processes or use
cases to determine which technology is best for solving the problem.

There are 3 Primary concepts as I said earlier, those three there are:
1. Algorithms and Statistics
As an example of this, we could use an optimization algorithm to minimize the
cost of staffing a factory, given a set of constraints on the number of people
needed, and constraints of each of the individual employees.

2. Optimization
Finding the best possible solution to a question, given potential practical
constraints. Optimization can be about maximization or Minimization of a cost
or benefit that is decided on before starting.

3. Simulation
Simulation is a comparable task to optimization. Rather than asking an
algorithm what the best staff planning is, we could also ask an algorithm what
the effect of changing the planning would be. This type of task is close to
optimization since we could simply use the optimization algorithm with a
different input configuration to simulate what would be the optimal outcome with
those different inputs.

For the other concepts we have the following list:


1. Linear Programming
is an optimization technique to solve systems of linear constraints with a linear
objective function. It is the most known method of Operations Research.
2. Waiting line theory or queuing theory.
Queuing Theory allows a business to understand and improve queuing times
for customers and at the same time workforce management.
3. Inventory control systems
Inventory Control for a company is complicated and depends on many
decisions, for example, purchasing, warehousing, shipping, tracking and more
4. Replacement problems
Replacement problems are relatively comparable to the previous: optimizing the
replacement of materials that are known to fail after a certain time of usage. For
expensive items like machinery, cars, computers, etc. There is a huge cost for a
company when replacing them too late, but also when replacing them too early.
5. Network Analysis
A good example of this type of data is a social media network where each
person (profile) is represented as a node and each friendship relationship is
represented as an edge.
An example of using this in Operations Research is for project management.
6. Sequencing Problems
This topic deals with defining the order of many operations to execute with a
limited number of resources. In this situation, we can choose from many
different orders of execution, and we want to make sure we choose the best
order.
Conclusion
To conclude, we saw that these concepts are important in many aspects to be able
to solve problems that affect directly and indirectly applying different strategies. It is
important to know how to use them and in which situations they should be used
optimally, so it is recommended to know how each of them works and keep them in
mind in working life.
References
 Sarah Lewis. (2019). operations research (OR). 2021, de WhatIs.com Sitio
web: https://whatis.techtarget.com/definition/operations-research-OR
 Joos Korstanje. (2020). What is Operations Research?. 2021, de Towards
Data Science Sitio web: https://towardsdatascience.com/what-is-
operations-research-1541fb6f4963
 Dries Goossens. (2020). Operations Research/Management. 2021, de
GHENT UNIVERSITY Sitio web:
https://www.ugent.be/eb/en/research/overview-research-teams/3-
management/3-4-operations-research-management.htm

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