An operating system (OS) is crucial software that manages hardware resources, processes, memory, file systems, and device interactions, while also providing security and a user interface. Mainframe operating systems, designed for handling large transactions efficiently, are used by major organizations like banks and governments due to their high processing power, scalability, and reliability. However, they are costly, complex, and not easily accessible, and their process scheduling involves long, short, and medium-term components to optimize resource allocation.