Typical Application Of Operation Research. It is most often used to analyze complex real life problems typically with the goal of improving or optimizing performance. Allocation and distribution in projects.
Its distinctive approach is to develop a scientific model. Operations research analysts use sophisticated computer software such as databases and statistical packages to analyze and solve problems. Fraud prevention anti money laundering.
Marketing channel optimization customer segmentation.
Analysts use statistical software to simulate current and future events and evaluate alternative courses of action. Quantitative basis for decision making is provided to. 1 4 the operations research approach. It is a science which deals with problem formulation solutions and finally appropriate decision making.
