This document outlines an operational research assignment containing 4 students' names and roll numbers. It then provides information about operational research, including that it uses scientific approaches to problem solving through mathematical and statistical modeling to help with executive decision making and cost reduction. It notes operational research is used in areas like personnel, production, financial, and marketing management and in public sectors such as airways, hospitals, government, banks, railways, and highways. The document also lists some characteristics and limitations of operational research.

1. OPERATIONAL RESEARCH
ASSIGNMENT

2. Roll
1) Md. Baktiar Uddin Galib
2) Md. Kamrul Hasan Chowdhury
3) Al Marjana Chowdhury
4)Tamanna Islam
(1262)
(1291)
(1314)
(1294)
Name

3. OPERATIONAL RESEARCH (O.R)
 O.R is developed “to ensure reduction in
costs.
 O.R is a scientific approach to problem
solving.
 For executive decision making which requires
formulation of mathematical, economic and
statistical models for decision making and
controlling.

4. O.R is used for
 Personal management
 Production management
 Financial management
 Marketing management

5. Application in public sector
 In Airways
 In Hospitals
 In Government
 In Banks
 In Railways
 In Highways

6. Characteristics of O.R
 Uses mixed team approach to find optimal
solution.
 Uses scientific methods to achieve at optimal
solution.
 Emphasis on overall approach to the system.
 Optimizes the total output by maximizing
profit and minimizing cost.

7. Limitation of O.R
 Involves the use of mathematical and complex
method.
 Ignores intangible factors such as better
customer satisfaction, skill attitude of worker,
initiative of management etc.
 Usually associated with high cost.
 Overuse of assumptions to simplify
mathematical models may not represent a true
situation.