Transcript What is Operations Research?

What is Operations Research?
Operations
The activities carried out in an organization.
Research
The process of observation and testing characterized
by the scientific method. Situation, problem
statement, model construction, validation,
experimentation, candidate solutions.
Model
An abstract representation of reality. Mathematical,
physical, narrative, set of rules in computer program.
Systems Approach
Include broad implications of decisions for the
organization at each stage in analysis. Both quantitative
and qualitative factors are considered.
Optimal Solution
A solution to the model that optimizes (maximizes or
minimizes) some measure of merit over all feasible
solutions.
Team
A group of individuals bringing various skills and
viewpoints to a problem.
Operations Research Techniques
A collection of general mathematical models, analytical
procedures, and algorithms.
Problem Solving Process
Formula te the
Problem
Situation
Problem
Statement
Imple ment a Solution
Data
Construct
a Model
Implement
the Procedure
Model
Procedure
Find
a So lution
Esta blish
a Procedure
Test the Model
and the Solution
Solution
Tools
Problems, Models and Methods
Real W orld
Real World
Sit uation
Situation
Problem s
TP
Problems
Models
Models
Methods
Methods
LP
NFP
simplex
LP
TP
interior
DS
Computations with Excel Add-ins
Where?
• ME Undergrad Lab
• Text book
• Download from Web
Activate Excel Add-ins
Tools Menu:
Add ORMM
or
Individual Add-ins
Available OR_MM Add-ins