Operation research is a scientific approach to problem solving that helps executive management make better decisions. It uses interdisciplinary teams and quantitative methods like modeling, data analysis, and optimization. Some key characteristics include a systems perspective, application of the scientific method, and improvement of decision quality. Common models include linear programming and PERT/CPM techniques. The process involves defining the problem, collecting and analyzing data, testing solutions, and making recommendations to management for action. Operation research has applications in various industries like manufacturing, defense, agriculture, and more. Several large Indian companies use these techniques to aid decision making.

1. PRESENTATION ON OPERATION RESEARCH By: Ankit Fating Rishu Bharadwaj tqma2z.blogspot.com

2. Contents Definition 1 Characteristics 2 Scope of OR Industry 5 Indian Company Using OR Techniques 4 Quantitative Approach to Decision Making 6 Models & Phases 3

3. Definition of Operation Research An operation may be called a set of acts required for achievement of a desire outcome. Operation research rather simply defined is research of operation. Operation research is a scientific approach to problem solving for executive management. ------- H.M. Wagner

4. Characteristics of Operation Research System or executive orientation The use of interdisciplinary teams Application of scientific method Uncovering of new problems Improvement in the quality of decisions Use of computer Quantitative solutions Human factors.

5. Models in Operation Research

6. PHASES The Judgment phase The Research Phase The Action Phase Phases Of Operation Research

7. The Judgment Phase Ascertaining the operation Establishing the objective Determining the appropriate measures Formulating the problem

8. Research Phase Observation & Collection of data Hypothesis or Assumption formulation Model formulation Analyzing the available data Testing & Verifying the accuracy of the hypothesis Generalizing the results Considering the alternative methods

9. Action Phase After the above two phases are complete and an optimal solution has been obtained, in the Action Phase, recommendation are made to the top management for accepting the proposed solution.

10. Scope of OR in Industry Industrial Management Defense Operation Agriculture Sector Big & Small Organization

11. Indian Companies Using OR Techniques In Industrial sector, organized industries in India are becoming conscious role of operations research & a good number of them have well trained OR teams. Some of Indian organizations using OR techniques are: Indian Airlines, Defense Organization, Fertilizer Corporation of India, Tata Iron Steel Co, TELCO, DCM etc. Linear Programming Techniques. PERT/CPM Techniques.

12. Quantitative Approach to Decision Making Decision making is the top most responsibility of a modern day, manger-both during the short-run as well as the long-run planning period. Decision are required to be taken for smooth functioning of the organization -so that it may achieve its objectives mission without any problems. These decision, which relate to the day-to-day operations, are known as tactical decision.

13. Advantages of OR to executive D M

14. Queries??? Thank You !