PRESENTED BY:-

IMBE\4501\12 SHEEBA SARDANA;

IMBE\4504\12 - PRATYUSH SINHA;
IMBE\4510 ANUNAY ANAND.
Assign. On :-

Introduction
History of OR
Future of OR
OR Process
Multiple criteria Decision Making
Application
Mathematical Model
Some Success Stories

Operations Research is the application
of analytical methods designed to help
the decision makers choose between
various courses of action available to
accomplish specified objectives

Although scientists had (plainly) been involved
in the hardware side of warfare (designing
better planes, bombs, tanks, etc) scientific
analysis of the operational use of military
resources had never taken place in a systematic
fashion before the Second World War. Military
personnel, often by no means stupid, were
simply not trained to undertake such analysis.

OR started just before World War II in Britain
with the establishment of teams of scientists to
study the strategic and tactical problems
involved in military operations. The objective
was to find the most effective utilisation of
limited military resources by the use of
quantitative techniques.

Manufacturers used operations research to
make products more efficiently, schedule
equipment maintenance, and control inventory
and distribution. And success in these areas led
to expansion into strategic and financial
planning and into such diverse areas as
criminal justice, education, meteorology, and
communications.

A number of major social and economic trends
are increasing the need for operations
researchers. In todays global marketplace,
enterprizes must compete more effectively for
their share of profits than ever before. And
public and non-profit agencies must compete for
ever-scarcer funding dollars.

This means that all of us must become more
productive. Volume must be increased.
Consumers demands for better products and
services must be met. Manufacturing and
distribution must be faster. Products and people
must be available just in time.

Real-World
Problem
Recognition and
Definition of the
Problem
Formulation and
Construction of the
Mathematical
Model
Solution
of the Model
Interpretation
Validation and
Sensitivity Analysis
of the Model
Implementation
multiple criteria
compromise
limited/unlimited number of
alternatives
goal programming
Applications
grouped by type of organizational client
Business
Government and Non-Profit
Health Care
Military


Applications
grouped by function

Mathematical Model
Model
Reality
Model
Finding a proper balance between the level of
simplification of reality and good
representation of reality.
Deterministic
Probabilistic
Solution
Infeasible
Feasible
Optimal
Model Interpretation
Sensitivity Analysis
Implementation
Model Validation