Question 1: What is Operations Research?
Operations Research is a scientific method that utilizes advanced analytical and mathematical techniques to create a system aimed towards making sure that available resources are used to their maximum potential and managing organized systems.
It is quantitative method through which problems are identified, represented in the form of equations to be tested and analysed to determine the most optimal system to use for decision making.
Question 2: History of Research Operations and what is its importance today?
HISTORY OF RESEARCH OPERATIONS
The development and use of Operations Research was first recognized in 1840 when Charles Babbage, a mechanical engineer, philosopher, inventor and mathematician used
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Scheduling and management of airline routes and fleets.
IX. Automation of robotic systems.
X. Scheduling of orders in large factories.
XI. Marketing: determining packaging designs, promotion budgets and the optimal time to introduce a new product to the public, market research and risk assessment.
XII. Project management: allocation of resources such as workers, capital, time and machinery, scheduling and monitoring activities.
XIII. Construction of telecommunications networks.
Question 4: What would the world be without Operations Research?
Operations research is basically an analytical method used to create a system that is efficient in the use of resources and yields positive results at minimal expenses to the project owner. Without operations research to attain the same results as with operations research, the process would be time consuming, complex and may not even be able to attain the same level of accuracy and precision as the models and equations used by operations research.
As such, most systems and disciplines may not function to their fullest potential as scheduling of activities may overlap, systems may be slow and ineffective and risk assessments may be over or under estimated to mention a
Operations management refers to all levels of an organisation and how best to efficiently convene, fund, maintain and maximise its services and/or operations, both internal and external. The core goal/objective of operations management it to maximise outputs while reducing and minimising the inputs required to achieve the desired results.
• explain operations as an organizational functional area; i.e. to present a list of the areas covered by the operations management function, the problems and decisions faced in these areas and the methods and models for approaching these problems;
Operations Management in an organisation is repsonsible for managing and in making decisions concerning the activities that convert inputs into outputs , that is goods and services. This covers both short term actvities as well as longer term activities to meet strategic goals. Inputs can be the raw materaials need to manufacture goods such as furniture or the computers needed to create a service like online shopping site. Operation management’s role is to make decisions to improve how operation activities function, for example, to improve the final quality of the output or to change production methods to be more efficient in terms of cost and in time.
Operations Management explores the way organizations produce and distribute goods and services. Everything you wear, eat, sit on, use or read comes to you courtesy of the
* Operations research (or Operational Research) is an interdisciplinary branch of applied mathematics and formal science that uses methods such as mathematical modeling, statistics, and algorithms to arrive at optimal or near optimal solutions to complex problems.
Operations Management is responsible for designing, operating and improving productive systems or in layman’s terms, systems for getting work done. Operations Managers are found in all walks of life. In anything you basically do or have done there are operations managers. When you go to the store, when you buy gas, in factories, in hospitals, banks even in your government there are operation managers. They are the ones who design systems, who ensure the quality of your
An operations strategy is all about harmonising the features of the operations function with the requirements of the market in order to fulfil the needs of the business. A full appreciation of this process requires not merely an understanding of the ideas and methods used to develop an operations strategy but also knowledge of the techniques and principles involved in its implementation or execution thereof. Implementation requires knowledge of operations systems and polices including those that relate to resource planning and activity control, quality, plant management, motivation and organisation of people, performance metrics and continuous improvement.
Operations management focuses on managing the processes of producing and distributing products and services. Operations activities often include product creation, development, production and distribution. It deals with all operations within the organization. Related activities include managing purchases, inventory control, quality control, storage, logistics and evaluations. The nature of how operations management is carried out in an organization depends very much on the nature of products or services in the organization, for example, retail, manufacturing, wholesale, etc.
a. The business functions responsible for planning, coordinating, and controlling the resources needed to produce a company’s products and services.
the organization. From an organizational point of view, operations management might be defined as the management of the direct resources that are required to produce and deliver organizational goods and services. Operations management is an area of business that is concerned with the production of goods and services. Operations research is an
Project management is a procedure to arranging and directing project methodologies from beginning to end. Project managers should be able to meet scope, time, expense, and quality objectives of activities, also they ought to encourage the whole methodology to address the needs and desires of individuals included in the project. It is a job to manage project’s goals, timeline and budget clearly. Project management process have these key components.
Operations management is the management of processes that create goods and/or services which is the core to any business. (Stevenson, 2012) Operations involves leading within several operational duties such as: service design, process selection, selection and management of technology, design of work systems, location planning, facilities planning, and quality improvement. There are many activities that should be a focus for Operations Managers and can help ensure process and productivity and
In undergraduate IE’s students take two classes Operation Research I, and II. Based on [Cornell University] (2017) The Operation Research defines as “applied scientific method to the management of organized systems in business, industry, government and other enterprises”
Operations Management refers to the management of the production system that transforms inputs into finished goods and services, (http://csuponoma.edu/weber). Net MBA Business Knowledge Centre adds on to say that an operation is composed of processes designed to add value by transforming inputs into useful outputs. Jay Heizer and Barry Render define operations management as a set
According to Lee and Schniederjans (1994), operations management is defined as the study of ideas, methods and skills which are used by managers and employees in the operations of organisations.