Home > Terms > English, UK (UE) > operational research (OR)
operational research (OR)
A branch of management science that applies mathematics to a series of techniques, like critical path analysis, which an organization may use in its planning and decision-making. In essence, operational research is used to see whether the efficiency and cost effectiveness of a system can be improved by developing a scientific model to study that system and including within it the factors of change and risk.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Business administration
- Category: Business management
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