What Is Operations Research?
All of Optima's systems are developed with a framework derived from operations research. The following definition of operations research was taken directly from Wikipedia.org and has links to related topics.
The terms operations research (OR) and management science are often used synonymously. When a distinction is drawn, management science generally implies a closer relationship to the problems of business management.
Operations research also closely relates to industrial engineering. Industrial engineering takes more of an engineering point of view, and industrial engineers typically consider OR techniques to be a major part of their toolset.
Some of the primary tools used by operations researchers are statistics, optimization, stochastics, queuing theory, game theory, graph theory, and simulation. Because of the computational nature of these fields OR also has ties to computer science, and operations researchers regularly use custom-written or off-the-shelf software.
Other definitions of operations research can be found at Mathworld or Informs.
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