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.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Internet Category: Internet security

Facebook tracking

The tracking of users' online activities once they have visited a Facebook site even after they are logged off from Facebook's main site. The Facebook ...

Contributor

Featured blossaries

10 Countries That Dont Officially Exist

Category: Geography   1 10 Terms

The Largest Cities In The World

Category: Travel   1 9 Terms